New electricity bill to deal with power sector challenges- Senate
The Chairman, Senate Committee on Power, Senator Gabriel Suswam, has reassured Nigerians that the problems linked with the quality of electricity supply in the...
Petrol subsidy gulped N101.65bn in first three months- NNPC
The Nigerian National Petroleum Corporation (NNPC) records have revealed that petrol subsidy gulped N101.65bn in the first three months of the year.
The national oil...
Power project contractors should return to site- Power Minister
The Federal Government has directed all contractors handling power projects across the country to return back to their various sites following the gradual relaxation...
Oil, power firms owe banks N5.59tn- CBN
A sectoral analysis of banks’ credit by the Central Bank of Nigeria has revealed that energy firms in the country owe Nigerian banks a...
NERC to unbundle Transmission Company of Nigeria to two firms
The Nigerian Electricity Regulatory Commission (NERC) is consulting stakeholders as it plans to unbundle the Transmission Company of Nigeria (TCN) into two entities.
The TCN...
House of Reps criticize power sector privatisation
The House of Representatives has criticised the perennial crisis in Nigeria’s power sector.
The members stated this at the beginning of a two-day investigative hearing...
NERC issues guidelines for Discos additional generation capacity
The Nigerian Electricity Regulatory Commission (NERC) has issued guidelines for power distributors purchasing additional generation capacity that will lead to higher tariffs payable by...
Unreliable power supply costs Nigeria N10tn yearly- World Bank
The World Bank has disclosed that the unreliable power supply in Nigeria is causing huge economic losses, which is estimated at N10.1tn yearly.
The World...
Bank of China, Sinosure to fund Ajaokuta-Kaduna-Kano gas pipeline
The Federal Government has announced that the Bank of China and Sinosure, a Chinese export and credit insurance corporation, are to fund the $2.6bn...
Electricity has to be subsidised for Nigerians- Senate
The Senate has explained the necessity of electricity subsidy for Nigerians by the Federal Government.
The electricity distribution companies of Nigeria had earlier stated that...
