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    Power

    Deregulation: FG unveils infrastructure fund to enable auto gas transition – Sylva

    By Emmanuella Anokam Abuja, Jan. 24, 2022 The Federal Government says it will take into consideration infrastructure fund for the midstream and downstream sector...

    Nigerian off-grid solar market among fastest-growing in Africa – Report

    The Nigerian off-grid solar market is among the fastest-growing in Africa, increasing at a 22 per cent average annual rate during the past five...

    2,248MW of power stranded monthly in 2021 despite blackouts – Gencos

    Despite the blackout witnessed in many parts of Nigeria last year, a monthly average of 2,248.5 megawatts of electricity was stranded and unutilised in...

    TotalEnergies NOPL vandalised, 504MW Alaoji plant shut

    Lagos — TotalEnergies EP Nigeria Limited has declared a force majeure following vandalism of its NOPL line at KP41 in Alaoma Etche Cluster resulting...

    Senate probes N14.7bn PHCN privatisation fund in secret accounts

    The Senate Committee on Public Accounts has begun investigation of N14.7bn proceeds of privatisation of the defunct Power Holding Company of Nigeria allegedly hidden...

    Nigeria Reassures Citizens Of Plan To Generate 25,000 Megawatts Of Electricity

    The Federal Government has assured Nigerians of its readiness to generate 25,000 megawatts of electricity in the country as part of efforts to enhance...

    Nigeria to spend N65.3bn on power projects in 2022

    The Federal Executive Council meeting has approved N65.39bn in foreign and local denominations to execute power projects in the country. The Minister of Power, Abubakar...

    Togo, Benin, Niger Owes Nigeria N770m for Electricity In Q2 2021 – NERC

    The Nigerian Electricity Regulatory Commission (NERC) has said that three neighbouring countries did not make any payment for the second quarter of 2021. In its...

    Nigeria’s power firms owe banks N820bn, sector’s problems persist

    The debt owed to Nigerian banks by operators in the power sector rose by 11.85 per cent in one year to N819.97bn in August...

    UBA takes over disco as Nigeria’s power sector privatisation records major loan default

    The United Bank for Africa Plc has taken over the majority stake in the Abuja Electricity Distribution Company and has received the endorsement of...

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