Tag: Power Sector

FG targets 5.2m electricity connections as Nigeria expands renewable energy access under $750m deal

Business Damilola Bayonle -
Nigeria Targets 5.2m Electricity Connections Under World Bank-Backed Programme Nigeria’s push to expand electricity access has received a significant boost...

Confusion over free electricity meters persists as NERC explains who pays, who doesn’t

Business Damilola Bayonle -
Nigeria’s electricity regulator has moved to clear growing public confusion over the cost of prepaid electricity meters, stressing that...

FG begins N4tn GenCos debt repayment With landmark bond issuance

Business Damilola Bayonle -
Nigeria’s long-standing financial troubles in the power sector entered a decisive new phase as the Federal Government initiated repayments...

Electricity metering rate rises to 55% — NERC

Business Damilola Bayonle -
Nigeria’s electricity metering programme has recorded steady progress, with the national metering rate rising to 55.01 per cent in...

FG targets 540MW boost with power restoration at ALSCON

Business Damilola Bayonle -
The Federal Government has intensified efforts to revive the long-dormant Aluminum Smelter Company of Nigeria (ALSCON) in Ikot-Abasi, Akwa...

Power shake-up: BPE lists two DisCos, GenCo on exchange

Business Damilola Bayonle -
As Nigeria intensifies efforts to revitalize its power sector and deepen capital markets, the Bureau of Public Enterprises (BPE)—under...

Power Generation Reaches New High of 5,713MW, Says TCN

News Damilola Bayonle -
The Transmission Company of Nigeria (TCN) has announced that the country's power generation has reached a new high of...