Power
FG slams N628 million fine on eight power distribution companies
The Nigerian Electricity Regulatory Commission (NERC) has fined eight Electricity Distribution Companies (DisCos) N628, 031,583.94 for non-compliance with the capping...
FG, CIMEC sign $328.8 million contract to boost power supply
The Federal Government and China Machinery Engineering Corporation (CMEC) have signed a contract agreement worth $328.8 million aimed at improving...
Power generation rose by 2,000MW in two years – Minister
The Minister of Power, Adebayo Adelabu, has revealed that it took Nigeria’s power generation rose by 2,000 megawatts within two...
DisCos raked in N658 billion in Q4 2024 – Report
The 11 Electricity Distribution companies (DisCos) in the country raked in the sum of N509.8 billion from bill payments by...
Lagos residents, businesses pay extra N5.3 trillion annually for energy deficit – Report
Residents and businesses in Lagos State spend additional N5.3 trillion every year as a result of energy deficit in the...
Nigeria’s power generation hits 5,801.84MW
Nigeria’s electricity sector has again recorded a new milestone, reaching a peak power generation of 5,801.84 megawatts (MW) and a...
Nigeria’s power generation peaks at 5,713.6MW – TCN
The Transmission Company of Nigeria (TCN) has announced that the country’s power sector achieved a new peak generation of 5,713.6...
NLC threatens mass action over planned electricity tariff hike
The Nigeria Labour Congress (NLC) has threatened mass resistance against further hike in electricity tariffs. The labour issued the threat...
Power sector revenue hits N1.7 trillion – Minister
Minister of Power, Adebayo Adelabu, has disclosed that the power sector achieved a 70 percent year-on-year revenue growth in 2024,...
FG plans review of Band B, C electricity tariff
The Federal Government has disclosed that plans are in the offing to regularise electricity tariffs as part of efforts to...