Fenchurch Nigeria: Fenchurch Group and Ekiti IPP Strengthen Partnership with Ekiti State Government In a continued effort to support sustainable power infrastructure, Fenchurch Group, under the leadership of CEO Olufemi Bakare, and Ekiti IPP Limited, led by Managing Director Lolu Akingbe, paid a courtesy visit to His Excellency Abiodun Abayomi Oyebanji, Executive Governor of Ekiti State.

Fenchurch Group, a leading infrastructure-focused energy firm under Fenchurch Nigeria, recently made a strong impression at the Middle East Energy Conference in Dubai. Led by CEO Olufemi Bakare, the company’s management team participated in the premier industry event to engage stakeholders and reinforce its position as a driving force in Africa's energy transition.

Fenchurch Group, a leading player in Nigeria’s power sector, was proudly represented at the 2024 CBN Executive Seminar Policy Dialogue by its Chief Executive Officer, Mr. Olufemi Bakare, who participated as a panelist. The event gathered top industry experts and policy stakeholders to discuss strategic pathways toward achieving a US$1 trillion Nigerian economy.

Fenchurch Energy Limited, a Nigerian upstream and Midstream energy advisory has completed technical due diligence services for Africa Finance Corporation’s (AFC’s) acquisition of 100 percent shares of Pecan Energies AS, formerly (Aker Energy AS) from Aker ASA, a Norwegian Industrial Investment Company, and The Resource Group TRG AS (TRG).

Fenchurch Power, an energy-focused firm headquartered in Nigeria, has announced the signing of a landmark 150mw offtake framework agreement with the Niger Delta Power Holding Company (NDPHC), the Benin Electricity Distribution Company (BEDC), and Faiza Utilities Ltd.

Electricity is the backbone of modern society, driving everything from homes and businesses to industries and government services. A reliable power supply is essential for a nation’s growth and prosperity. However, Nigeria’s power sector faces significant challenges, including inadequate funding, ageing infrastructure, regulatory obstacles, and operational inefficiencies. Olufemi Bakare, group chief executive officer of Fenchurch Group, in this interview with Abubakar Ibrahim, energy reporter at BusinessDay, discusses challenges in Nigeria’s power sector, solutions, and the low-hanging fruit in metering, generation, and local content.

It should be clear to the curious observer that the adoption of technology underpins the growth of large economies across the world. Prior to the sharp economic slowdown that followed the spread of Covid-19 last year, China, India, Indonesia and Poland grew at over 4% in 2019, compared to an average of 1.9% for the 25 largest economies in the world, including Nigeria.

The Ekiti State Government Has Signed a memorandum of understanding (MOU) with an electricity generation firm Fenchurch Power Nigeria Limited to build 3MW substations in order to stabilise electricity supply in the state