Nigeria’s House of Representatives has taken a bold step to address the nation’s electricity woes by mandating distribution companies (DisCos) to undergo a N500 billion recapitalization....
Following the rot in the power sector in Nigeria, the presidential candidate of the Young Progressives Party (YPP) Malik Ado-Ibrahim has blamed former President Muhammadu Buhari...
President Bola Tinubu, on Monday, lamented that the privatisation of Nigeria’s power sector has failed to meet its objectives. According to the president, despite the privatisation...
The Managing Director, Niger Delta Power Holding Company (NDPHC), Chiedu Ogbo, has revealed that the electricity supply industry is owing the firm N100 billion. According to...
The recurrent collapse of the power grid is set to be redressed by the Federal Government after President Muhammadu Buhari revealed an ongoing partnership with German...
The Nigeria Labour Congress (NLC) on Sunday urged the Federal Government to cancel the privatisation of the country’s power sector. The NLC President, Ayuba Wabba, made...
The Federal Executive Council (FEC) on Wednesday approved N1.4 billion for the supply of more equipment for the Transmission Company of Nigeria (TCN) to boost power...
Despite media reports about the failure of the national grid which plunged a huge section of the country into total darkness, the Presidency has insisted that...
As the country experiences power outage due to the collapse of the national grid, a Peoples Democratic Party (PDP) presidential aspirant, Dele Momodu, has criticized the...
The Minister of Power, Mr Abubakar Aliyu, has hinted that the Federal Government is poised to forging a good relationship with investors in the power sector...
The Nigeria Labour Congress (NLC) on Friday called for an immediate reversal of the privatisation of the power sector, saying its original purpose had been defeated....
Femi Gbajabiamila, Speaker of the House of Representatives, has bemoaned the appalling state of the power sector which has crippled significant sectors of the economy. Gbajabiamila...
Governor of Akwa Ibom State, Udom Emmanuel, has blamed policies of the Federal Government for hindering his investments in the state’s power sector, saying all his...
Director-General, of the Lagos Chamber of Commerce and Industry (LCCI) Muda Yusuf, has called for a holistic approach to the power sector challenges in Nigeria, as...
10 power plants representing more than one third of the 29 Nigerian power plants were inactive on Monday by reason of dearth of gas supply and...
The credit rating agency, Moody’s said on Sunday Nigeria would require over $3 trillion investment over the next three decades to bridge a yawning infrastructure gap...
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...
A group of western investors has unveiled a blueprint to invest over $5 billion in the Nigerian power industry, the Nigerian government has said. Information gathered...
The Nigerian government has so far obtained funding in the sum of $6.15 billion (around N2.37 trillion) for the power industry and is currently reforming the...
Nigeria’s power generation slumped to 3,356 Megawatts (MW) on Thursday less than 2 days after touching a new peak of 5,420.30MW. The Transmission Company of Nigeria...
The Nigerian government Wednesday granted ‘anticipatory approval’ of 18.94 million Euros (N8.648,081,465.2) as counterpart fund for a revamp contract that will enable Munich-based Siemens overhaul the country’s obsolescent...
The Chairman, Senate Committee on Power, Gabriel Suswam, said on Monday the upper legislative had no plans to reverse the power sector privatisation. Suswan, who disclosed...
The Chairman of Senate Committee on Power, Gabriel Suswam, said on Monday the National Assembly was working with the Nigerian Electricity Regulatory Commission (NERC) to put...
The House of Representatives on Wednesday began investigations into activities of the power sector with a view to repositioning the industry for better service delivery. The...
The Chairman of the Senate Committee on Power, Gabriel Suswam, said on Sunday the committee would soon present its findings on the probe of N1.8 trillion...
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...
The Senate said on Thursday it would launch a probe into the N1.8 trillion Federal Government interventions in the power sector since the privatization of the...
President Muhammadu Buhari has endorsed a revamp pact with Germany’s multinational engineering firm, Siemens AG, to transform the country’s moribund power sector. Nigeria scaled the first...
President of the Senate, Ahmad Lawan, has called for the immediate review of the privatization exercise of the power sector by previous administrations. Lawan gave the...
The Nigerian government has endorsed the sum of N47.2 billion, aimed at lifting power generation in the country by 40 megawatts (mw). Kashimbilla Dam, located in...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, Wednesday disclosed that the Federal Government had paid more than N200 billion to...
The Nigerian power sector incurred losses totalling N65.56 billion last month owing to challenges ranging from inadequate gas supply to poor distribution and transmission facilities, data...
The Transmission Company of Nigeria (TCN) said on Thursday that Nigerians have to pay more for electricity, if they are to enjoy the benefits of liberalisation...
The Nigerian power sector lost about N19.15 billion between 5th and 14th February 2020, statistics gleaned from the Advisory Power Team (APT) in the Office of the Vice...
The Kaduna State Governor, Nasir El-Rufai, said on Thursday the present administration has spent N1.7 trillion on the nation’s electricity sector in the last three years....
Socio-Economic Rights and Accountability Project (SERAP) has urged the Attorney General of the Federation and Minister of Justice Mr Abubakar Malami SAN; the Acting Chairman, Economic...
Nigeria’s power generation and distribution companies have warned of the possibility of a blackout all over the country, if the Federal Government fails to grant their...
The President of the Senate, Ahmad Lawan, on Monday rued the country’s inability to fix its power sector challenges, saying past expenditures had yielded no commensurate...
Vice-President Yemi Osinbajo, on Tuesday, said that the Federal Government had spent N5tn on the power sector despite privatisation, six years ago. He also said no...
The Trade Union Congress (TUC) on Friday condemned the Federal Government’s plan to increase electricity tariff by 2020. The union also kicked against the government’s plan...
President Muhammadu Buhari has approved the release of N600 billion to the Power Sector. This was disclosed on Wednesday in Abuja by the Market Operator, Transmission...
A nation that cannot control its energy sources can’t control its future- Barack Obama, the Audacity of Hope. Just the way the Federal Government came up...
The federal government has said that contrary to speculations, there is no immediate plan to remove subsidy on premium motor spirit, otherwise known as petrol. This...
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...
The President/Chief Executive Officer Transcorp Hotels Plc, Mr Valentine Ozigbo, yesterday, stated that the Nigerian power sector is in a very poor state, stressing that 84.8...
Federal Government’s inability to periodically review power sector’s Multi Year Tariff Order (MYTO) has resulted to a loss of over N1.4 trillion. Executive Secretary, Association of...
The Advisory Power Team (APT) at the office of the Vice President has said the nation’s power sector lost N69.1bn between January 1 and February 19...
The Federal Government has approved a list of 108 companies for the provision of meters to electricity consumers in the country. The Minister of Power, Works...
