GENCOs
4 days ago
Over 11.5 million electricity households and customers in Nigeria, who account for about 85 per cent of grid-connected electricity, have been thrown into darkness as the electricity supply industry moves to implement at least 20-hour power supply to some customers.
16 Apr
The electricity crisis in Nigeria has defied various attempts at solving the problem and giving Nigerians the benefits of enjoying stable electricity and a good quality of life for more than half a century. It is no secret that the nation’s power infrastructures were abandoned for several decades, by successive governments notwithstanding the exponential growth…
23 Mar
The passage of the Electricity Act 2023, followed by its amendment via the 2024 Amendment Bill, signifies significant progress in the Nigerian Electricity Supply Industry (NESI).
11 Mar
The Management of Ibadan Electricity Distribution Company (IBEDC) has lamented vandalism and theft of electricity infrastructure in its franchise areas.
7 Mar
Nigeria's 11 electricity Distribution Companies (DisCos) and Generation Companies (GenCos) may face licence revocation over poor power supply, Minister of Power, Adebayo Adelabu, has threatened yesterday.
28 Feb
The passage of the new Electricity Bill by President Bola Tinubu requiring generation companies to pay five per cent of their yearly operating expenses for the previous year to fund host communities’ development has started generating mixed reactions.
18 Feb
The Minister of Power, Adebayo Adelabu, has revealed that there is a significant N1.6trn shortfall in wholesale tariffs, with an industry Aggregate Technical, Commercial, and Collection (ATC&C) losses of 48 per cent
15 Feb
Nigeria’s electricity pricing has remained contentious over the years, as some stakeholders argue that the current pricing model does not effectively cover the costs of generation, transmission, and distribution.
15 Feb
The Federal Government may reverse its decision to subsidise electricity tariff as the Minister of Power, Adebayo Adelabu, said the sector is under heavy debt.
2 Feb
The Minister of Power, Mr Adebayo Adelabu says the Federal Government is to set up a committee to resolve power blackouts in some parts of the country.
27 Jan
The Ministry of Power has said that work is ongoing to address the blackout being experienced in the country as a result of low supply of gas to power generating companies.
Latest
2 hours ago
Despite the exodus of university teachers and attendant shortage of manpower in public universities nationwide, the non-retention policy of the Federal Government has caused over 5,032 first-class graduates to languish in the job market and far away from the tertiary institutions that erstwhile retained them.
2 hours ago
As the whereabouts of former Kogi State governor, Yahaya Bello, remain unknown a week after he was declared wanted by the Economic and Financial Crimes Commission (EFCC) and placed on a watch-list by the Nigeria Immigration Service (NIS)
2 hours ago
Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.
2 hours ago
As Nigeria joins the rest of the world to mark the 2024 World Malaria Day, the progress in national malaria control is being threatened by the continued rising cost of anti-malaria drugs, which have gone beyond the reach of many Nigerians.
2 hours ago
African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth.
2 hours ago
Ahead of May Day next week, workers are demanding a country that works for all and not just for some privileged few.
2 hours ago
The NPFL has fined Kwara United N6 million for allegedly thwarting the live broadcast of their week 31 game against Akwa United.
2 hours ago
To achieve the global malaria targets 2030, the World Health Organisation (WHO) Global Malaria Programme has launched a new operational strategy that will change the trajectory of malaria trends.
2 hours ago
President Bola Tinubu and President of the Senate, Godswill Akpabio, have promised to give fresh direction to the justice sector in the country through a holistic overhaul.
2 hours ago
Governor Babagana Zulum of Borno State has urged the Army to establish military formations in Sambisa Forest and the Mandara Hills, bordering Cameroon and Chad in the North East, to counter terrorism in the areas.