Nigerian electricity companies are said to be burdened with excessive debt and insufficient capital, constraining their ability to invest in […]
Category: Power
Expert wants review of power sector privatization agreement
The Convener and Executive Director, PowerUp Nigeria, Adetayo Adegbemle, has called for a review of the power sector privatization agreement. […]
G-20 Summit: FG secures over $14b investment pledge in 5 deals for steel, power sectors
Seals $1b deal for DICON’s 40% self-sufficiency in local manufacturing Francis Kadiri, Abuja. In five deals, the Federal Government has […]
Power supply: FG secures $170m loan from French agency
The federal government has said it secured a loan of $170 million from the French Development Agency to be used […]
REA completes 67 mini-grids, provides electricity to 5 million households – MD Ahmad
The Managing Director/CEO of Nigerian Rural Electrification Agency (REA), Mr Ahmad Salihijo Ahmad, has disclosed that the agency has completed […]
Power: TCN says grid collapse restored, blames sudden drop in system frequency
The Transmission Company of Nigeria (TCN) has confirmed the collapse of the national grid on Monday morning, blaming it on […]
DisCos’ Takeover: How CBN Saved Commercial Banks, Power Sector From Collapse
Following the takeover of five electricity Distribution Companies (DisCos) by banks, stakeholders have backed Central Bank of Nigeria’s (CBN) support […]
World Bank, US Exim Bank Pledge $3bn To Power Reform: Nigeria’s Energy Transition Plan
The World Bank and the US Export-Import Bank (EximBank) have pledged over $3 billion to the implementation of Nigeria’s energy […]
Tariff Shortfall: FG concludes takeover of four DisCos
The Federal Government has completed the takeover of four electricity distribution companies and constituted the board of the Nigeria Electricity […]
National Grid: Atiku Laments Incessant Collapse, Outlines Plans For Power Sector
Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has lamented the incessant collapse of the National Grid, saying […]