Business day nigeria energy news

Here are some recent business day Nigeria energy news:

  1. Nigeria's Power Generation Hits 3,544MW: The country's power generation has increased to 3,544 megawatts (MW), according to the latest data from the Transmission Company of Nigeria (TCN). This represents a significant improvement from the 2,645MW recorded in January 2022. (Source: BusinessDay)
  2. FG to Invest N1.5tr in Power Sector: The Federal Government has announced plans to invest N1.5 trillion in the power sector over the next three years to improve electricity generation and distribution. The investment will focus on upgrading infrastructure, increasing power generation, and improving transmission and distribution networks. (Source: Vanguard)
  3. Nigeria's Renewable Energy Potential: Nigeria has the potential to generate 12,000 megawatts of renewable energy from solar, wind, and hydro sources, according to a report by the International Renewable Energy Agency (IRENA). The report highlights the need for policy and regulatory frameworks to support the development of renewable energy in the country. (Source: ThisDay)
  4. Gas Supply Shortage Hits Power Generation: A shortage of gas supply has hit power generation in Nigeria, leading to a reduction in electricity output. The shortage is attributed to a combination of factors, including pipeline vandalism, gas flare, and inadequate gas supply from oil-producing states. (Source: The Nation)
  5. Nigeria to Host Africa Energy Forum: Nigeria will host the 2022 Africa Energy Forum, a premier event that brings together energy stakeholders from across the continent. The forum will focus on the theme "Accelerating Africa's Energy Transition" and will feature keynote speakers, panel discussions, and exhibitions. (Source: BusinessDay)
  6. Nigerian Electricity Regulatory Commission (NERC) to Review Tariffs: NERC has announced plans to review electricity tariffs in Nigeria to reflect the current economic realities. The review is expected to take into account the cost of generation, transmission, and distribution of electricity, as well as the impact of inflation on consumers. (Source: Leadership)
  7. Nigeria's Energy Transition Plan: The Federal Government has launched an energy transition plan aimed at reducing the country's reliance on fossil fuels and increasing the use of renewable energy sources. The plan is expected to reduce greenhouse gas emissions and improve energy security. (Source: The Guardian)
  8. Nigeria's Power Sector Challenges: The power sector in Nigeria faces several challenges, including inadequate infrastructure, high transmission and distribution losses, and lack of funding. These challenges need to be addressed to improve the sector's performance and increase electricity access. (Source: BusinessDay)
  9. Nigeria to Increase Renewable Energy Capacity: Nigeria plans to increase its renewable energy capacity from 500 megawatts to 2,000 megawatts by 2025. The increase is expected to reduce the country's reliance on fossil fuels and improve energy security. (Source: Vanguard)
  10. Nigeria's Energy Sector to Attract $10bn Investment: The energy sector in Nigeria is expected to attract $10 billion in investment over the next five years, according to a report by the Nigerian Investment Promotion Commission (NIPC). The investment is expected to focus on power generation, transmission, and distribution. (Source: ThisDay)

These are just a few of the recent business day Nigeria energy news.