GENCOs
15 Jan
A new report by Bloomfield said electricity tariff reviews are mostly due in 2025 as the power sector grapples with persistent liquidity challenges, economic volatility and consumption subsidies.
12 Dec
The Nigerian electricity sector teeters on the edge of bankruptcy, posing significant risks to other critical sectors of the economy following yesterday’s collapse of the national electricity grid—the 12th recorded failure in 2024.
11 Dec
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Wednesday denied claims that it directed wholesale gas suppliers to stop supplying gas to power-generating companies (GENCOs) over payment defaults. The agency, in a statement said the report is false and baseless, emphasising that no such directive was given. NMDPRA said the misinformation came from…
4 Dec
The Nigerian Electricity Regulatory Commission (NERC) said the country’s metering gap remains significant despite the installation of 3.03 million meters since the privatisation of the sector in 2013.
3 Dec
Lagos and over 10 states pushing to realise the opportunities in the Electricity Act that enables sub-national governments to generate and distribute electricity may face the transfer of the burden of electricity subsidies
22 Nov
Nigeria’s 21 active electricity generation plants on the nation’s electricity grid may have lost nothing less than N229.6 billion to the grid collapses that occurred in 2024, a development which is worsening the liquidity crisis in the power sector.
7 Nov
The National Orientation Agency (NOA) has attributed the frequent collapse of the national grid to the inability of Electricity Distribution
30 Oct
The Transmission Company of Nigeria (TCN) has solicited the support of the Nigerian Air Force in conducting unmanned aerial
29 Oct
The House of Representatives on Tuesday stepped down a motion calling on the Federal Government to sanction power Generation Companies (GenCos) and the Nigerian Electricity Regulatory Commission (NERC) over the recent blackout in some parts of the North. The stepping down followed a debate on the motion of urgent national importance sponsored by Yusuf Umar…
28 Aug 2024
Market risks arising from the transition of the Nigerian Electricity Supply Industry (NESI) towards a bilateral market may further compound electricity challenges in Nigeria unless concerted efforts are taken.
21 Aug 2024
The Federal Government has settled N205 billion out of the N1.3 trillion it owes electricity generation companies (GenCos), a decision aimed at alleviating the persistent liquidity crisis in the power sector.
20 Aug 2024
The federal government has said it has paid N205 billion from the N1.3 trillion debt owed to generation companies (GenCos) in order to boost liquidity in the power sector. Minister of Power, Adebayo Adelabu, revealed this during an oversight visit by the house of representatives committee on power. On February 15, while arguing for the…
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President Bola Tinubu on Monday unveiled the planning committee of the National Youth Confab at the Council Chamber of the State House, Abuja. The Committee will be chaired by Permanent Secretary of the Ministry of Youth Development, Olubunmi Olusanya.
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A former Commissioner for Local Government and Chieftaincy Affairs in Osun State, Adebayo Adeleke, yesterday, denied mismanaging the state’s funds.
37 mins ago
The cost burden of the 50 per cent telecoms service tariff hike may have been complicated by data depletion, overstretching the cost of broadband services for 170 million consumers, including businesses.