Nigeria’s power sector is facing a significant financial challenge as its debt surged to N3.3 trillion, with the cost of electricity subsidy nearing N3 trillion, according...
Nigerian power consumers are reeling from the impact of massive overbilling, with power distribution companies (Discos) collectively raking in N105 billion in nine months. An analysis...
Nigeria was plunged into darkness as the national grid experienced a catastrophic collapse, leading to a drastic reduction in power generation to a mere 59.9 megawatts...
Geregu Power, the brainchild of business magnate Femi Otedola, has announced a 60% surge in its bottom line, boasting a record profit of N16.1 billion for...
The Federal Government of Nigeria through the Bureau of Public Enterprises (BPE) is advancing with the sale of five power plants under the National Integrated Power...
The federal government’s budget deficit is on track to widen as the electricity subsidy to be incurred this year has more than doubled following last week’s suspension of...
In a significant move to bolster Nigeria’s electricity generation, the Nigerian Electricity Regulatory Commission (NERC) has issued 13 new licences, targeting an additional 40.9 megawatts (MW)...
In a bid to address the mounting challenges facing Nigeria’s electricity sector, power companies are advocating for a substantial capital injection of an estimated N2 trillion...
The Ministry of Power has unveiled plans to unbundle the Transmission Company of Nigeria (TCN) in the first quarter of 2024. The announcement, made by the...
Over 7 million power consumers find themselves grappling with uncertainty as the shortage of meters continues to cast a shadow over the nation’s power sector. According...