Tag: power sector reforms

Nigeria stock market loses N73bn ahead of Democracy Day despite Tinubu’s economic reform push

Business Damilola Bayonle -
Investors lost N73 billion on the Nigerian Exchange (NGX) on Thursday as the stock market closed lower ahead of...

DisCos earn N2.3tn as Nigerians battle erratic power supply and rising electricity tariffs

Business Damilola Bayonle -
Nigeria’s electricity distribution companies generated over N2.3tn in revenue in 2025, even as households and businesses continued to grapple...

Metering Brouhaha Deepens as FG, DisCos Clash Over ‘Free’ Electricity Meters

News Damilola Bayonle -
Nigeria’s long-running electricity metering crisis has once again taken centre stage, reigniting tensions between the Federal Government, electricity distribution...

Nigeria’s power grid fails again as DisCos blame low electricity generation

Business Damilola Bayonle -
Fresh concerns are mounting within Nigeria’s electricity sector following a series of power system disruptions that have seen the...

Why DisCos are pushing back against FG’s free meter policy

Business Damilola Bayonle -
DisCos reject FG’s free meter plan Electricity distribution companies (DisCos) have pushed back against the Federal Government’s declaration that prepaid...

Nigeria plunged into darkness as power grid collapses for first time in 2026

News Damilola Bayonle -
Nigeria was plunged into widespread darkness on Thursday following the collapse of the national electricity grid, marking the first...

DisCos revenue to hit N2.3tn in 2025 as FG faults poor investment

Business Damilola Bayonle -
Understanding the Surge in DisCos Revenue Nigeria’s electricity distribution companies are projected to generate a record N2.3tn in DisCos revenue...

AfDB’s landmark $500m loan sparks major boost for Nigeria’s energy transition and governance reforms

Business Damilola Bayonle -
The African Development Bank (AfDB) has approved a fresh $500 million loan to Nigeria aimed at accelerating the country’s...

Tinubu accelerates Siemens power project to add 4,000MW

Business Damilola Bayonle -
Nigeria President Bola Tinubu has reaffirmed his administration’s unwavering commitment to the ongoing Siemens power project, pledging full government...

Institutional credibility vital to NERC’s regulatory role

Business Damilola Bayonle -
The credibility and independence of Nigeria’s regulatory institutions have again come under scrutiny following the controversy surrounding the appointment...

Power Sector Gets Major Boost

Damilola Bayonle -
The Federal Government of Nigeria has made significant strides in boosting the country's power generation capacity. It has added...