Sacked NBET MD, Marilyn Amobi, reinstated by Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has reinstated the Managing Director of Nigeria Bulk Electricity Trading Company (NBET), Marilyn Amobi,...
Audit of Discos necessary before power sector intervention- NEC
The National Economic Council has stated that technical and financial audits of the electricity distribution companies (DisCos) in the country are necessary before interventions...
Discos blame unavailability of meters on high import duty
Power distribution companies have blamed the low metering of users across the country on the high import duty on meters directed by the Federal...
Lagos begins energy consumption audit of state facilities
The Lagos State Electricity Board has begun an energy consumption audit of facilities owned by the State Government.
The General Manager of the board, Mukhtaar...
Power generation fell to 2,943MW, 10 plants left idle
The total power generation in Nigeria fell to 2,943.4MW as of 6 AM on Sunday from 3585.6MW on Saturday, data obtained from the Nigerian...
Electricity worth N32Bn supplied by Nigeria to Togo, Niger and Benin in 2019
A total invoice of N32.04bn has been served to the republics of Togo, Niger and Benin for the electricity supplied to them from Nigeria...
NERC, TCN and Discos deploy measures to stop collapse of power grid
The Nigerian Electricity Regulatory Commission (NERC), in collaboration with power distribution companies and the Transmission Company of Nigeria, are deploying measures to stop the...
Gencos fault Senate on calls to reverse privatisation, alledge N1tn debt
The electricity generation companies have criticised the requests by the Senate for a reversal of the privatisation of the power sector.
Nigeria to make additional oil cuts for exceeding OPEC quota
Nigeria has disclosed that it is prepared to make additional oil output cuts from July to September to compensate for producing more than its quota in May and June...
OPEC+ agrees to extend record oil output cuts by one month
The Organisation of Petroleum Exporting Countries and its allies, headed by Russia, have agreed to extend their record output cuts by one month.
