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nigeria power sector news

  1. Nigeria Business News

    Business Nigeria needs N36 trillion investment to achieve stable power supply – Nairametrics

    It will take not less than $100 billion, approximately N36 trillion, to enable stable power supply in Nigeria. This is according to the Electricity distribution companies (Discos). The Discos said the N36 trillion worth of investments will be needed over a period of 20 years. How the … Read...
  2. Nigeria Business News

    Business Nigeria needs $100bn in 20 yrs to tackle power challenges —Stakeholders – Vanguard News

    The Nigeria Electricity Supply Industry, NESI, requires investments of over $100 billion in the next 20 years, if the country, Nigeria must have 24 hours of electricity supply daily, stakeholders in the power sector have said. The stakeholders spoke at a two-day power sector … Read more via...
  3. Nigeria Business News

    Business Nigeria: Power generation drops to 2,447mw – Journal du Cameroun – Journal du Cameroun

    Electricity generation in Nigeria dropped by 1,682mw on Monday from 4,129.2mw recoded on Sunday. According to the data from the Nigeria Electricity System Operator, an arm of the Transmission Company of Nigeria, power generation in the country was 2,441mw as of 6.00 am on Monday.... Read...
  4. Nigeria Metro News

    Metro Nigeria plunged into darkness as national grid collapses again – Premium Times

    Nigerians are groaning again in darkness after the national electricity grid suffered a major failure on Wednesday, seizing power supply to homes amidst scorching weather conditions. The collapse has seen Nigeria’s electricity output dwindle to a meagre 230 megawatts or less for a population...
  5. Nigeria Metro News

    Metro Darkness descends on Nigeria as power grid collapses again – Pulse Nigeria

    Nigeria’s perennially fragile electric power grid has collapsed again, subsuming an entire nation in swathes of darkness, crippling business activities and sending millions to gas stations to purchase petrol for noisy generators. According … Read more via Pulse Nigeria – Nigeria –...
  6. Nigeria Metro News

    Metro Electricity tariff in Nigeria too low to sustain steady power supply – Society of Engineers – Vanguard News

    CALABAR – STEADY power supply in Nigeria will continue to be elusive until the tariff paid by consumers is reviewed upwards to sustain high revenue inflow to power production and distribution companies. ... Read more via Vanguard News – http://bit.ly/2ZxKtvb Get More Nigeria Metro News
  7. Nigeria Business News

    Business Sovereign fund commits N50 billion to boost power generation – The Guardian Nigeria News

    A subsidiary of the Nigeria Sovereign Investment Authority (NSIA), InfraCredit, has opened a N50 billion 600MW Shiroro Hydro Electric Infrastructure Green Bond to boost the plant and power generation nationwide. Launched in partnership with GuarantCo, KfW Development Bank and Africa Finance …...
  8. Nigeria Business News

    Business How FG Missed Power Supply Target – Thisdaylive

    Chineme Okafor, writes on how the federal government failed to deliver its promise of an additional 945 megawatts of electricity to the national grid by the end of 2018 In October 2018, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, had promised Nigerians that nationwide...
  9. Nigeria Business News

    Business Electricity Billing Crisis: 108 Meter Providers, Installers Indicate Interest – Fashola – Leadership Newspaper

    The Minister of Power, Works and Housing, Babatunde Fashola, has stated that in response to government’s call for private sector participation in the provision and installation of smart prepaid electricity meters as a way out of the crisis arising from estimated billing in the country, 108...
  10. Nigeria Metro News

    Metro It’s ‘Unarguable’ We Have Improved Power Supply ‘with Less Resources’ – Fashola – Nairaland

    The Minister of Power, Works, and Housing, Mr Babatunde Fashola, says the Muhammadu Buhari administration has improved power supply in the last three years. He told Channels Television on Sunday that … Read more via Nairaland – http://bit.ly/2PW0chO Get More Nigeria Metro News
  11. Nigeria Business News

    Business Power producers kick as N701bn intervention funds dry up – BusinessDay

    The N701billion payment guarantee initiated by the Federal Government to assist electricity generation companies (GenCos) in settling their obligation to gas suppliers as remittances from electricity distribution companies (DisCos) dwindles, will run out by … Read more via BusinessDay : News...
  12. Nigeria Business News

    Business Stakeholders In Power Sector Call For Review Of Privatisation Agreements – The Trent

    Stakeholders in the power sector have urged the Federal Government to review the power contracts agreement with the owners of the distribution and generation companies. They spoke to the News Agency of Nigeria, NAN, in Lagos on Thursday, November 1, 2018, against the backdrop of the company’s...
  13. Nigeria Political News

    Politics Buhari’s three-year power achievements surpassed PDP’s 16 years – Fashola – Newtelegraph

    Minister of Power, Works and Housing, Babatunde Fashola, has declared that the government of President Muhammadu Buhari did far better than the previous governments that held sway for 16 years in power sector with generation of 1,000 Mega Watts (MW) per year since take over. The Peoples...
  14. Nigeria Political News

    Politics Court Asks FG To Make Power Sector Spending Public – Leadership Newspaper

    The Federal High Court in Lagos yesterday granted Socio-Economic Rights and Accountability Project (SERAP) leave to apply for an order of mandamus to compel the minister of Power, Works and Housing, Babatunde Fashola (SAN) to account for the spending in the power sector. The leave was granted...
  15. curator

    Business Nigerian mini-grid market offers $8 billion revenue annually – BusinessDay

    The Nigerian mini-grid market which the federal government is vigorously trying to develop with the aim of having stable power supply in the country offers revenue opportunity of $8 billion a year. According to a report which highlights the potential of the mini-grid market … Read more via...
  16. Samguine

    Metro We’ve secured N567bn to deliver 20,000MW electricity – TCN bos – www.dailytrust.com.ng

    Mr Usman Gur Mohammed is the Managing Director of the Transmission Company of Nigeria (TCN) and also Chairman, West African Power Pool’s (WAPP) Executive Board. In this interview, he explains how the public utility will utilise... Read more via www.dailytrust.com.ng – https://ift.tt/2BU7MYB...
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    Business Banks worry as power firms’ debts worsen – Punch Newspapers

    Many of the Nigerian banks that gave loans to core investors during the privatisation of the power sector in 2013 may have incurred losses, our correspondent has learnt. It was gathered that the banks had, in the past four years, been struggling to ensure the repayment … Read more via Punch...
  18. Samguine

    Metro Nationwide blackout looms as GENCos warn power plants may shut down – Premium Times Nigeria

    Nigerians risk nationwide blackout as electricity generating companies (GENCOs) on Thursday issued notice of an impending shutdown of their power plants. The Executive Secretary, Association of Power Generation Companies (APGC), Joy Ogaji, who issued the notice sent to PREMIUM TIMES, did not...
  19. curator

    Business As Discos Throw in The Towel – Leadership Newspaper

    Keen observers and genuine opposition to privatisation of the power sector must be smiling at the recent turn of events. Core investors of Electricity Distribution Companies (Discos) are beginning to throw in the towel after five years of privatisation characterised ... Read more via...
  20. curator

    Business Power: ‘70% of revenue losses come from unmetered consumers’ – Punch Newspapers

    The highest amount of revenue losses in Nigeria’s power sector come from areas that have high concentration of unmetered electricity consumers. It was also gathered that about 70 per cent of revenue losses recorded by power distribution companies were from these areas. The Executive Director...