The 11 electricity distribution companies (DisCos) in Nigeria have been given the greenlight by the Federal Government to purchase electricity directly from power generation companies (GenCos)...
The federal government has directed power generation companies to reduce the amount of power they generate. According to a report by Leadership, the National Control Centre...
The Association of Power Generation Companies (APGC) on Thursday, lamented that the electricity consumption demand of Nigerians were not encouraging its members to generate more. The...
As the country continues to suffer from appalling electricity supply which dates back to weeks with its attendant negative ripple effects on the country, the Generation...
Nigerian Electricity Regulatory Commission (NERC) says electricity customers will be compensated for lack of power supply from July. The distribution companies will be penalised for poor...
The Nigerian power industry recorded a generation capacity loss of N243 billion between January and October 2020, figures from the October 2020 electricity generation statistics issued...
The Senate on Tuesday blamed the Nigerian government for the insolvency currently witnessed in the nation’s power sector, noting that Ministries, Departments and Agencies (MDAs) owed...
Nigeria loses on average, the sum of $29 billion yearly to failure of the power sector, Senate President Ahmed Lawan has said. He made the disclosure...
Power generation companies (Gencos) in the country have expressed opposition to the recent calls for the reversal of the power sector privatisation by the Senate. Speaking...
Power generation companies (Gencos) have claimed they are not aware of any N200 billion paid to the power industry by the Nigerian government in the past...
Indications emerged on Sunday that the Transmission Company of Nigeria (TCN) will press for the recapitalisation of power distribution companies (Discos) in the country this year....
The Senate has mandated its Committee on Power to investigate the activities of power generating and distribution companies with a view to unraveling the cause of...
The Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, on Sunday explained why they could not generate 1,631.5 megawatts of electricity 24 hours earlier (Saturday)....
Power generation companies (Gencos) have petitioned Nigerian Electricity Regulatory Commission (NERC), the Presidency and other relevant agencies of government over over a recent administrative charge imposed...
The Nigeria Labour Congress (NLC) on Sunday called on the Nigerian government to retain its 40% shareholdings in power generation and distribution companies. It also warned...
Stakeholders in the country’s electricity market on Wednesday bickered at a public hearing as the Transmission Company of Nigeria (TCN) asked the Nigerian Electricity Regulatory Commission...
Electricity generating companies in the country, GenCos, has identified inaccurate date, government interference and inefficiency as a he major factors responsible for the sorry state...
The Nigeria Bulk Electricity Trading Plc. NBET, is owing power generation companies in the country N364.11 billion for the electricity they generated sold and fed into...
The poor remittance levels of the 11 electricity distribution companies (Discos) in Nigeria’s privatised power market may have defeated the aim of the N701 billion bailout...
The Minister of Power, Works and Housing, Mr Babatunde Fashola, has outlined the gains inherent in government’s new metering policy, the Meter Asset Provider policy, MAP,...
The country may be thrown into total darkness if power generation companies in the country carry out their threat to shut down plants over challenges facing...
The Power generation companies (Gencos) have blamed electricity distribution companies (DISCOs) and the Nigerian Electricity Regulatory Commission (NERC) for the current low power supply to Nigerians....
Electricity generation companies (Gencos) have accused the Nigerian Government of taking power from them and selling to countries in the West African region under the West...
Electricity generation companies under the aegis of the Association of Power Generation Companies have said they have not been paid since June for power produced, sold...
Indications of possible blackout in the country have emerged as the electricity Generation Companies (GenCos) threatened to shut down their plants over recurrent directives by the...
The Socio-Economic Rights and Accountability Project (SERAP) has sued the Minister of Power, Works and Housing, Mr Babatunde Fashola SAN. The suit filed by the group...
Irked by a court action against the Federal Government by power Generation Companies (GENCOs), the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has challenged...
The Nigerian National Petroleum Corporation (NNPC) says the Escravos-Lagos Pipeline (ELP), which got burnt by fire, disrupting power supply, has been fixed. Ndu Ughamadu, spokesman of...
The Federal Government Thursday hinted at a planned major review of the privatization done in the power sector soon, stating that it was to engender greater...
Acting President Yemi Osinbajo has hinted at the Federal Government’s plan to further liberalize the power sector to allow for massive investments such that the sector...
Another battle seems brewing in the power sector as the generating companies (Gencos) have vowed to resist a new government policy directing consumers of electricity in...
Electricity Generation Companies (GenCos) have not been paid for their services by the Nigeria Electricity Bulk Trader in the last three months. A source in the...
The Federal Executive Council (FEC) on Wednesday approved a N701 billion payment guarantee assurance by the Central Bank of Nigeria (CBN) for power generating companies (Gencos)...
Assailed by grieving Nigerians, Minister for Power, Works and Housing, Babatunde Fashola, has offered six excuses for the lingering power outage experienced by homes and industries....
There are strong indications that the federal government is considering granting further tax holiday to investors in the power sector in its bid to help stimulate...
There is no likelihood that the epileptic power supply in Nigeria will improve in the nearest future, as a fresh row over debts settlement has hit...
A new crisis that may further worsen electricity supply in Nigeria is brewing, with a faceoff between the Nigerian Electricity Regulatory Commission (NERC) and service providers....
Contrary to the expectations of Nigerians that they would soon have improved electricity supply of 6,000 megawatts in the country, which was the target for 2016...
Unless the Federal Government intervenes in good time, the power sector may finally grind to a total halt, resulting from inability of the various power generating...
Barring last minute changes, Nigeria’s debt profile will rise further by November 2016, as it has concluded plans to obtain a N13.5bn loan-facility from France for...
Electricity consumers in Nigeria may be in for another bout of darkness as the generating companies (Gencos) announced shutting down of some of their plants as...
The Central Bank of Nigeria, CBN, has threatened to sanction Deposit Money Banks, DMBs, frustrating its intervention in the power sector through the Nigeria Electricity Stabilisation...
Panic and buck passing now trail threat of total blackout in Nigeria which may commence next week, following the refusal of government ministries, parastatals and agencies...
The government-backed N50 billion take-off loans to the private firms that emerged as distribution companies (Discos) and generating companies (Gencos) for the power sector, is on...
The Central Bankof Nigeria (CBN) has disbursed a total N55, 456, 161, 481 to the power sector in a bid to address the nation’s power problems....
Senate President, Dr. Bukola Saraki has mandated the Senate Committee on Power to liaise with the Central Bank of Nigeria (CBN) and Federal Ministry of Finance...
The Federal Government, Friday insisted that only legally verifiable debts owed power generation companies, GENCOS, would be paid. The debts, running into billions of naira, were...
