NBET begins N729bn debt settlement to ease power sector liquidity crisis
The Federal Government has begun settling N728.98 billion in outstanding obligations to electricity generation...
Electricity
FG, Lagos move to unlock industrial growth with 24/7 power zone
The Federal Government and Lagos State Government have begun work on a dedicated power strategy...
FG begins construction of new national grid control centre
The Federal Government has commenced construction of a new ultra-modern National Control Centre for...
DisCos leave N128.4bn electricity revenue gap as power market struggles for cash
Nigeria’s electricity distribution companies left N128.41 billion of electricity value unrecovered in July, exposing a...
REA opens books to ICPC as rural power investment expands
The Rural Electrification Agency (REA) has invited the Independent Corrupt Practices and Other Related Offences...
TCN capacity rises as fresh energy investment puts transmission network to test
Nigeria’s push to attract fresh investment across its energy sector is placing greater emphasis on...
FG raises N1.23trn to clear GenCo debts, revive power sector liquidity
The Federal Government has raised N1.23 trillion through two bond issuances under its Presidential Power...
NISO rejects DisCos’ debt plans, moves to sanctions over unpaid obligations
The Nigerian Independent System Operator (NISO) has rejected repayment proposals submitted by some electricity...
Nigeria’s power sector loses 10.6% as economic growth outpaces electricity supply
Nigeria’s electricity economy is moving in the opposite direction of the wider recovery, with the electricity,...
Over five million Nigerians remain unmetered despite NERC’s gradual progress
More than five million active electricity customers across Nigeria remained without prepaid meters as of...
