Day: September 28, 2020

Nigeria’s Manufacturers groan as spending on generators hits N67.38bn in one year

Precious Ibekwe

  Energy cost in Africa’s biggest crude oil exporter soared to 38% in 2019 Manufacturers in Nigeria have spent a whooping N67.38 billion to buy, maintain and fuel generators in 2019, a harrowing experience that is running their businesses aground. This came as the energy cost for small, medium and large scale firms in the Africa’s biggest crude oil exporter soared by 38 per cent in the year. The Manufacturers Association of Nigeria (MAN), which rolled out these figures, maintained that said its members spent over N67.38 billion on self-generated…

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NCDMB raises Nigeria’s R&D bar, offers $50,000 for five Hackathon start-up winners

Efe Wellington

  Five innovative teams have been selected as the winners of the Nigerian Oil and Gas Technology (NOGTECH) Hackathon sponsored by the Nigerian Content Development and Monitoring Board (NCDMB).   The teams are Fuel Intellisense, Homefort Energy, Gricd Mote, Kiakia Gas and Airsynq. Their projects were picked as the most innovative and bankable by judges, after the 15 semi-finalists made presentations on their innovations. The three-day Hackathon started penultimate Thursday with the teams having detailed engagement with industry experts, mentors and entrepreneurs. Each of the five winning teams was given…

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Group deepens Nigeria’s renewable energy advocacy

Damola Oyede

  An advocacy group for cleaner environment through the use of renewable energy, has taken its go green campaign to Lagos, Nigeria’s commercial capital. The group led by Temidayo Joshua arrived Lagos, according to a statement, with ‘Go Green’ campaign, a brainchild of Joshua. “The campaign is aimed at creating awareness on the impact of Green House emissions on planet earth,” the statement read. It continued; “Temidayo, who started her campaign by publishing articles urging Nigerians to embrace replace dirty fuels with renewable energy, took the campaign to the door…

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Nigerian labour Unions suspend strike as Govt freezes new electricity tariff for 2 weeks

Aliyu Aliyu

  At exactly 2: 53 am on Monday, the Nigerian labour unions suspended their industrial action as they struck a temporary agreement with representatives of the Nigerian government for a two-week suspension of new electricity tariff among others. Minister of State for Labour, Mr. Festus Keyamo, Senior Advocate of Nigeria (SAN), who announced this on his verified Twitter handle @fkeyamo, declared that the unions – Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) – reached an agreement with the government at 2.53am on Monday morning and the “strike suspended.”…

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