Power
Power sector liquidity rises to N900billion
Liquidity in Nigeria’s power ha risen from N282 billion in 2015 to N900 billion over the past nine years. This...
UPDATED: Grid restored after many hours blackout
The Transmission Company of Nigeria (TCN), says the national grid has been restored after it collapsed at about 1.49 p....
TCN to complete N104 billion CBN – funded projects May 2024
The Transmission Company of Nigeria (TCN) is set to complete 53 projects under the Central Bank of Nigeria (CBN) power...
Nigeria, Germany agree to accelerate Siemens power project
President Bola Tinubu and German Chancellor Olaf Scholz on Friday evening in Dubai, United Arab Emirates, witnessed the signing of...
DISCOs operating licences expire in October – Reps
The House of Representatives says the operating licences of the five Electricity Distribution Companies (DISCOs) in the country, expired in...
CBN, NBET owe FG N180 billion electricity supply debt – NDPHC
The Central Bank of Nigeria and the Nigeria Bulk Electricity Trading Company (NBET) owe power supply debts estimated to be...
FG to focus on alternate source of generation to improve power -Adelabu
The Minister of Power, Mr Adebayo Adelabu says the Federal Government plans to focus on an alternate source of generation...
Reps probe $321 million loans for electricity projects
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies...
‘How diesel suppliers, generator dealers are sabotaging power supply’
A former Minister of Power, Prof. Barth Nnaji, has alleged that diesel suppliers and generator dealers are sabotaging efforts for...
FG spends N135 billion on electricity subsidy in four months—NERC
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday said that the Federal Government (FG) paid a total of N135.23 billion...