The Federal Government on Tuesday night announced the takeover of Kano, Benin and Kaduna electricity distribution companies (DisCos) by Fidelity Bank Plc after the bank initiated...
By Umar Suleiman The Kebbi State Government has allocated 200 hectares of land to a private investor to set up a 5,600 megawatts solar power plant...
Umar Suleiman Electricity distribution companies’ payment to generation companies for electricity generation has dropped by 50 per cent, according to industry data obtained on Sunday. The...
Subsidy Hits N600/Litre Marketers say Subsidy No Longer Sustainable To make petrol consumption affordable for Nigerians, the federal government daily pay about N40.1 billion as...
By Ahmed Ayanfe Innovate UK KTN, Global Alliance Africa Project, a United Kingdom-funded knowledge-based programme set up to provide solutions to Africa’s energy challenge, on Thursday...
By Ahmed Ayanfe The Electricity Generation Companies (Gencos) in Nigeria on Thursday compared the federal government’s handling of the power sector to the case of “flogging...
45 local metre manufacturers jostle for FG’s contract The Federal Government has given instructions to electricity distribution companies to resume the Metre Assets Providers (MAP) programme,...
By Ahmed Ayanfe To execute the first phase of the Presidential Power Initiative (PPI), the Nigerian government would need €2.3 billion, equivalent to N991.99 billion, using...
By Ahmed Ayanfe Nigeria’s custodian of data, the National Bureau of Statistics (NBS) has said the average retail price paid by consumers for petrol increased to...
The African Development Bank Group recently held a two-day workshop for electricity sector regulators and utilities on its annual flagship report, the Electricity Regulatory Index for...
By Ahmed Ayanfe Nigeria has lost its $1.7 billion claim against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245...
Nigerians are groping in darkness as the national electricity grid collapsed to a an infinitesimal nine megawatt on Sunday. Figures obtained on Monday from the Nigeria...
By Ahmed Ayanfe Consumers desperate for relief from the scourge of sky-high petrol prices won’t get it soon, if the latest forecast from Goldman Sachs commodity...
The power generation companies (GenCos) have attributed the current state of electricity generation in the country to the ₦1.644 trillion owed them by the Nigerian Bulk...
The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N1.51 trillion on the imports of premium motor spirit, also known as petrol, in the...
Following the perennial power outages currently being experienced across the country; findings have shown that 20 gas power plants are currently under-performing, leading to power generation...
African Export-Import Bank (Afreximbank) has signed an Agreement with the African Petroleum Producers Organization (APPO) according to which both parties will collaborate on the establishment of...
Officials of the Nigerian National Petroleum Corporation (NNPC) have been implicated in a series of corrupt deals involving bribery of the officials by a Swiss firm...
It was a harvest of praises by representatives of Nigerian shareholder groups who were at Seplat Energy Plc 9th Annual General Meeting (AGM) which held in Lagos...
Nigeria’s crude oil production fell to an average of 1.219 million barrels per day (mbpd) in April 2022, representing a 1.53% decline compared to 1.238mbpd recorded...