The Federal Government has paid approximately ₦333.12 billion to eight electricity generation companies under its programme to resolve accumulated financial obligations in Nigeria’s power industry. The...
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’s economic growth continues to face structural constraints rooted in infrastructure deficiencies with the power sector debt burden and increasing reliance on foreign cloud services emerging...
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....
Nigeria and the Republic of Togo are exploring opportunities to strengthen cross-border electricity trade as both countries seek to improve energy security and expand regional power...
Five electricity generation companies have executed settlement agreements valued at ₦827.16 billion under the Federal Government’s power sector debt resolution framework. The agreements were signed with...
Nigeria’s push to stabilise and reform its electricity market received a major boost after a ₦501 billion power sector bond achieved full subscription. The bond issuance,...
Nigeria’s electricity export programme to neighbouring West African countries has come under renewed scrutiny after payment shortfalls pushed outstanding receivables to $17.8 million. Data contained in...