A seven-year streak without a corporate bond default has come to an end as financial stress in Nigeria’s electricity sector spills into the debt market, raising...
The Federal Government is preparing to raise approximately ₦729 billion from the capital market to settle confirmed financial obligations owed to electricity generation companies in Nigeria....
The Lagos State Electricity Regulatory Commission (LASERC) has identified 38 companies operating electricity generation facilities without obtaining the necessary regulatory authorisations. The commission disclosed that the...
Nigeria’s power sector regulator, Nigerian Electricity Regulatory Commission (NERC), has introduced a new performance benchmark aimed at tightening operational efficiency across the national grid, directing the Transmission...
Nigeria is targeting the connection of 5.2 million people to electricity by June 2026 under a $750 million renewable energy programme backed by the World Bank....
The Nigeria Labour Congress (NLC) has called on the Federal Government to consolidate the Ministries of Power and Petroleum Resources into a single Ministry of Energy...
Nigeria’s power crisis worsened as several electricity generation companies shut down operations amid mounting debts estimated at about N6.8 trillion. Data from the national grid showed...
