GENCOs
11 Jun
The liquidity crisis in the Nigerian power sector has worsened with generation companies (GenCos) receiving 4.68 per of their monthly i
6 Jun
Stakeholders in the electricity sector insisted that manufacturers, who have investments in constructing transmission and distribution infrastructure, will be the worst losers if the Nigerian Electricity Regulatory Commission (NERC) enforces its new Eligible Customer Policy.
6 Jun
The financial crisis facing Nigerian Electricity Supply Industry (NESI) has worsened following the payment of a paltry 4.68 per cent of invoices sent in by power Generation Companies (GenCos) for power supplied to the national grid in March 2024.
2 Jun
The Power Generation Companies (GenCos), have appealed to the Federal Government to settle electricity debts owned them for electricity generation to enable them remain in business.
28 May
The epileptic power supply in the country has been attributed to the inability of the Electricity Trading PLC (NBET) to settle over N2 trillion owed to power generation companies (Gencos).
30 Apr
About eight million Nigerians currently being billed arbitrarily by distribution companies (DisCos) may eventually get metered but at a higher price as the Nigerian Electricity Regulatory Commission (NERC) yesterday halted price control of the asset.
21 Apr
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.
Latest
2 mins ago
The Abia State Road Traffic and Safety Management Agency (ARTSMA), has confirmed the death of six persons in a fatal road accident which occured in Mmuri axis of Ohafia Local Government Area. The accident was confirmed by the spokesman of the agency, Mr Nelson Anya in a statement on Monday in Umuahia. The agency said…
21 mins ago
United States of America President-elect, Donald Trump, has iterated his commitment to economic recovery through cryptocurrency, unveiling two major appointments to his economic advisory team next month. In his X handle earlier today, Trump announced the appointment of a former college football player and cryptocurrency enthusiast, Bo Hines, as the Executive Director of the Presidential…
24 mins ago
Four suspects linked to the notorious terrorist kingpin, Bello Turji, on Monday, pleaded not guilty to the charge preferred against them by the Federal Government bordering on alleged terrorism. The suspects; Musa Muhammad Kamarawa; Abubakar Hashimu, a.k.a. Doctor; Samuel Chinedu and Lucky Chukwuma, denied their involvement in the act before Justice Emeka Nwite of a…
33 mins ago
The Federal Inland Revenue Service (FIRS) has announced job openings for experienced professionals to join its team. FIRS made the announcement on its official ‘X’ page, with the recruitment, aimed at strengthening its services. The agency urged prospective applicants to carefully review the eligibility criteria provided in the official notice before applying. The positions are…
35 mins ago
The Shamies Unusual Heart Foundation, on Sunday, distributed food items to hundreds of widows and disadvantaged women in Akwete, Abia State, South-Eastern Nigeria, through its annual Christmas outreach. Various items were donated during the outreach. These included bags of rice, noodles, wrappers, condiments, cash gifts, and other essentials. Speaking during outreach, the Foundation's founder, Amb.…
44 mins ago
The Federal Inland Revenue Service (FIRS) has donated items worth millions of Naira to over 300 victims of the flood disaster in Maiduguri and Jere, Borno State. The donation, made through the Blessed Royal Jewel Foundation (BROJ-F) yesterday was made at the state headquarters of the FIRS in Maiduguri. Some of the items donated…
46 mins ago
The immediate past group managing director of FBN Holdings Plc, Urum Eke, fondly called UK Eke, recently celebrated his 60th birthday in Lagos with a book launch. It was a great time as family members, friends, and well-wishers poured praise on the man who has dedicated his life to impacting people around him and making…
52 mins ago
Japanese authorities will hand Google a cease-and-desist order over an alleged antitrust violation in the first such move against a US tech titan, a government source said Monday.
1 hour ago
The National Identity Management Commission (NIMC) has advised Nigerians to beware of individuals or entities demanding money from them for the National Identification Number (NIN) registration. Many Nigerians have decried extortion at various NIMC centres nationwide for their NIN registration. The Guardian gathered that some NIMC agents demand payments between N1,000 and N5,000 for NIN…
1 hour ago
The National Civil Society Council of Nigeria (NCSCN) has debunked claims that the Port Harcourt Refinery (PHRC) is non-operational. The council pointed out that the refinery's functionality has contributed to the stability of the petroleum products supply during the festive season. NCSCN Executive Director, Blessing Akinlosotu, in a statement, revealed that the council plans…