Price stability, domestic content czar reigns
Alban William Housego Phillips, a New Zealand born economist, whose name was attached to post-war economics, was popularised by the term, “Phillips Curve”. The curve was all about establishing a relationship between inflation and unemployment rates. In other words, how much of inflation is needed to spur growth. His work really showed that there was…
Why FG’s new metering policy will create more problems in power sector
Electricity consumers in Nigeria, especially those, who are yet to be metered, will from May first pay N36, 991.50 or N67,055.85 to purchase...
Power sector loses N44.3b in February despite output
Data from the Office of Vice President, Prof. Yemi Osinabajo, indicated that last month, Nigeria’s privatised power sector lost a total of N44.38 billion revenue due to constraints which included shortage of gas; grid unreliability and distribution limitations. The data obtained by The Guardian from the Advisory Power Team in Osinbajo’s office, showed that for…
Policy direction needed to salvage power sector investment, says TCN
The Managing Director of Transmission of Nigeria (TCN), Usman Mohammed has said investment in the Nigerian Electricity Supply Industry (NESI), particularly in transmission network risks further losses, if the Federal Government fails to provide policy direction that will address the lack of asset by distribution companies. Speaking yesterday in Abuja during a tour of some…
Nigeria wastes 42,160MW as transmission, distribution challenges linger
Challenges facing the Nigerian Electricity Supply Industry (NESI), have led to the wastage of about 42,160.87 mega watts (MW) of electricity out of the 88,566.43MW generated by power generation companies (GenCOs) last year.
Rickety infrastructure, huge debt burden threaten power sector
Except prompt actions are taken, the country’s power sector may soon grind to a halt. No thanks to the over N1t debt owed power generating companies popularly known as GENCOs...
Power sector loses N108 billion in first quarter
Nigeria's power sector lost about N108 billion during the first three months of this year due to several constraints inhibiting the regular supply of electricity in the country.
Power sector loses N540b to gas, water, transmission
Nigeria’s electricity sector lost more than N540 billion to series of constraints that beset its operations in 2017, which made it difficult for the operators to supply the needed power to consumers.
Electricity generation declines to 1,360mw
The Nigerian electricity sector recorded the lowest generation of 1,360 megawatts (mw) on October 15, 2017, according to the daily generation report from the Transmission Company of Nigeria.
Nigeria’s electricity generation drops to 2,775mw
Nigeria’s power generation has dropped from the 4,500 Megawatts (MW) recorded in June, to 2,775.8MW on July 24, 2017.The Nigerian Electricity System Operator, an arm of the Transmission Company of Nigeria (TCN), which made this known in it operational report released on Wednesday....