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...
New details have revealed that the government paid N375.8 billion in electricity subsidies during the first nine months of this year. While beleaguered consumers, grappling with...
The Central Bank of Nigeria (CBN), in collaboration with the Transmission Company of Nigeria (TCN) and power distribution companies, is set to complete 53 power projects...
Sun Africa LLC, a global entity dedicated to supporting Africa’s energy needs, has announced a commitment of approximately $2.2 billion for the development of Nigeria’s power...