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

As the Nigerian Government comes to grips with the economic slow down that has followed the global spread of the novel Coronavirus, known as COVID-19, the agriculture sector is back in the spotlight as a viable foundation for sustainable and inclusive growth for Africa's largest economy and most populated country.

Oil and Gas companies operate in some of the most physically and challenging political environments in Nigeria Volatile Market Prices, changing demand, multifaceted regulatory requirements, multiple 3rd party suppliers and workers with widely varying skill levels further compilate operations.

Ekiti State Governor, Dr. Kayode Fayemi has promised improved electricity supply to major government institutions as well as some willing private establishments. The governor assured that this intervention would be made possible through the construction of the 5MW Independent Power Project (IPP)