Tag: Power Sector Reform.

NERC orders DisCos to refund N20bn to customers under meter scheme

Business Damilola Bayonle -
Customers to get N20bn meter refunds from DisCos – NERC Electricity consumers across Nigeria are set to receive long-awaited reimbursements...

MAN urges energy reforms to accelerate Nigeria’s industrialisation agenda

Business Damilola Bayonle -
The Manufacturers Association of Nigeria (MAN) has stressed the urgent need for a broader energy initiative to successfully implement...

Tinubu cuts GenCos’ N6tn bill claim to N2.8tn, orders strict conditions on power debt payment

Business Damilola Bayonle -
Tinubu slashes GenCos’ N6tn bill to N2.8tn after audit showdown President Bola Tinubu has approved the payment of N2.8tn to...

Nigeria imports 1.37m meters from China as $500m World Bank loan power reform gains pace

Business Damilola Bayonle -
Nigeria buys 1.37m Chinese meters under $500m World Bank loan to bridge widening metering gap Nigeria has procured about 1.37...

Nigeria joins unified West African power grid in historic energy milestone

Business Damilola Bayonle -
In a landmark development for regional energy cooperation, Nigeria has successfully linked its national electricity grid to the unified...

FG moves to sanitize power sector, threatens licence withdrawal for indebted DisCos

Business Damilola Bayonle -
The Federal Government has issued a stern warning to electricity distribution companies (DisCos) across the country, vowing to enforce...

Eko DisCo dismisses takeover rumours, clarifies transition under Electricity Act 2023

Business Damilola Bayonle -
The Eko Electricity Distribution Company Plc (Eko DisCo) has firmly denied reports suggesting that the company has been sold...

Shettima to Privatisation Council: Prioritise Public Interest

Business Damilola Bayonle -
Vice President Kashim Shettima has issued a strong directive to members of the National Council on Privatisation (NCP), emphasizing...