The cost of keeping Nigerians addicted to cheap fuel subsidized by the government is putting additional strain on the federal government's already strained and shrinking budget.
Solad Power Group announced that through its portfolio of mini-grids in Nigeria, it has linked its 10,000th small business to affordable and reliable power, marking a significant milestone in the company's growth and development.
Oil prices rose on Tuesday as more US states relaxed travel restrictions and the EU sought to draw tourists, helping to alleviate concerns about fuel demand in India as Covid-19 cases continue to rise.
Trina Solar, a multinational PV and smart energy complete solution provider headquartered in the United Arab Emirates (UAE), has signed a distributor agreement with Solar Power Etal to supply Trina Solar's products and solutions in Nigeria.
Saudi Arabia announced last year that it expects to spend more than $20 billion in renewables over the next decade, with a target of producing 30 GW from renewables by 2025 and 60 GW by 2030.
The use of renewable energy to supply grid and off-grid electricity has increased dramatically over the last few decades.
In Nigeria, the situation is not completely different.
States along Nigeria's land borders are consuming more refined petroleum products, especially Premium Motor Spirit (PMS), than states with higher economic activity or Internally Generated Revenue (IGR), a trend that calls into question the country's efforts to combat petrol smuggling to neighbori
States along Nigeria's land borders consume more refined petroleum products, especially Premium Motor Spirit (PMS), than states with higher economic activity or Internally Generated Revenue (IGR), a trend that calls into question the country's efforts to combat petrol smuggling to neighboring cou
According to analysts, the Nigerian Electricity Regulatory Commission's (NERC) planned minor electricity tariff review might drive the market closer to tariffs that guarantee commercial returns.
After closing at a six-week high, oil is continuing to rise, but the benefits will elude Nigeria, where petrol subsidy payments eat up any boost in oil proceeds.