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The challenges confronting the Nigerian electricity supply industry (ESI) are highlighted by research carried out for African Energy’s new Nigeria Power Report 2021/22, drawing on analysis of African Energy Live Data’s detailed projects pipeline. This presents a medium-term generation forecast that suggests installed capacity will reach 18.3GW in 2025, which will still be far below expected peak demand.

Nigeria
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Following a harmonisation on 1 July of the two versions of the Petroleum Industry Bill (PIB) produced by the Senate and House of Representatives, the ground-breaking legislation now awaits only the assent of President Muhammadu Buhari to come into force; the president remains in London on a medical visit.

Nigeria
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Africa’s largest economy is finally moving to resolve some of its most chronic failings, with another effort to privatise five power plants, huge multilateral support for the insolvent transmission and distribution sector, the planned implementation of the Petroleum Industry Bill and commitments to further reforms. Even so, African Energy’s research suggests the expected upturn will come nowhere close to meeting Nigeria’s needs in the period to 2025. Jon Marks* asks whether results can at least get closer to the promises of Nigeria’s electricity supply industry.

Nigeria
Free

Lagos-based commercial and industrial (C&I) solar power provider Starsight Energy on 14 July announced that Paul van Zijl was joining as group chief financial officer;

Nigeria
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The aim for distribution companies to install 6m meters by 2023 could lead to far higher rates of bill payments by customers tired of inaccurate estimated charges, writes Marc Howard.

Nigeria
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Transnational Corporation of Nigeria Plc subsidiary Transcorp Energy Ltd on 1 July announced plans to build nuclear power plants, after a meeting with science and technology minister Dr Ogbonnaya Onu.

Nigeria
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After years of delay, the Petroleum Industry Bill has finally been approved by Nigeria’s parliament – albeit in different versions by the National Assembly’s two chambers. It promises substantial benefits for gas and other under-performing hydrocarbons-based industries and reforms to areas of government in profound need of overhaul. The critical question remains whether the bill is enough to galvanise the economy and industry when implementation could take many years, write Jon Marks and Ajay Ubhi

Nigeria
Free

RP Global and OOLU on 24 June announced the launch of a new commercial and industrial (C&I) joint venture solar company called Westa.Solar. The company has already completed its first project, a 500kW solar PV hybrid system for Petrichor Industries in Kano State, Nigeria.

Nigeria
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AIM-listed San Leon Energy has announced plans to invest $2m more in Energy Link Infrastructure (Eli), which is developing the alternative crude oil evacuation system (Acoes) project for OML 18.

Nigeria
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Seven Energy deal gave it a 40% interest in the Uquo field and 51% in the Stubb Creek field – both large, producing, low-cost onshore oil and gas fields – and 80% in the Accugas midstream business. Chief executive Andrew Knott said “our financial results show just how transformational the acquisition has been.”

Nigeria
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Lekoil has been reduced to a penny share in London, but the potential of its OPL 310 asset – once held by Afren – makes it a significant indigenous player in the Nigerian oil sector. Petroleum resources minister Timipre Sylva is more than just an interested bystander in Lekoil founder Lekan Akinyanmi’s battle with activist investors who are deeply critical of his governance, writes Jon Marks.

Nigeria
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Electricity generation and transmission infrastructure is increasingly being targeted by groups including Boko Haram in the north-east. According to Transmission Company of Nigeria, pylons on the 330kV Damaturu-Maidugiri line were destroyed by insurgents in January and March. As a result, grid power to Borno state capital Maiduguri was cut off for three months.

Nigeria
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Ever since Chinua Achebe borrowed from WB Yates’ lines, “Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world” for his ground-breaking novel of late colonial Nigeria, the phrase ‘things fall apart’ has been used to describe episodes in Nigerian politics. It is again relevant to ask whether the embattled Nigerian state can hold when confronted by a dizzying range of crises, writes Marc Howard.

Nigeria
Issue 440 - 10 June 2021

Nigeria: Lekoil’s assets

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Lekoil Nigeria is one of several Lekoil subsidiaries that also include Lekgas, Lekoil Exploration and Production, Lekoil Management Corporation, Lekoil Ltd and Lekoil 310. The Lagos-based arm is official equity holder for its Nigerian assets, as ‘technical operator’ in OPLs 310 and 325.

Nigeria
Subscriber

The government’s Bureau for Public Enterprises (BPE) is to recommend the unbundling and eventual privatisation of Transmission Company of Nigeria (TCN). The BPE is to “share its proposal very shortly with the National Council on Privatisation that the state-owned corporation be unbundled and then privatised,” director general Alex Okah was quoted saying by Bloomberg on 26 May.

Nigeria