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TCN Urges Electricity Workers To Suspend Planned Strike

The Transmission Company of Nigeria (TCN) has appealed to electricity workers to suspend their proposed indefinite strike action scheduled to kick off from today (Wednesday) nationwide. The company’s Managing Director, Dr. Sule Abdulaziz, made the appeal in a letter to the workers after the National Union of Electricity Employees (NUEE) in a circular on Monday […]

Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Power/Electricity

WAPP Unveils Funding Plan For ECOWAS Region’s Electricity Market

The West African Power Pool (WAPP) has unveiled plans to create a Liquidity Enhancement Revolving Fund (LERF) for the Economic Community of West African States’ (ECOWAS’) regional electricity market. A statement issued on Wednesday by the General Manager, Public Affairs, Transmission Company of Nigeria (TCN), Mrs. Ndidi Mbah, quoted the Chairman, Executive Board of Pool, […]

Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Power/Electricity

FG Inaugurates Maiden Meter Generation Gallery In Africa

The Federal Government on Tuesday inaugurated a Meter Generation Museum/Gallery at the National Meter Test Station, Oshodi, Lagos State. The Special Adviser on Media to the Minister of State for Power, Mr Iyali Peter, stated that the inauguration was performed through the Nigerian Electricity Management Services Agency (NEMSA) The Minister, Mr. Goddy Jedy-Agba, was quoted […]

Infrastructure & Capital Projects Latest News Planning & Economic Development Power/Electricity

Electricity: New Transformers To Arrive Nigeria From September – FG

The Federal Government has disclosed that the first batch of the transformers under the Presidential Power Initiative (PPI) is expected to start arriving Nigeria from September this year. The disclosure followed Siemens’, the world’s leading firm focusing on the areas of electrification, automation and digitalization, certification that the mega transformers had met its factory acceptance […]

Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Power/Electricity

Collapsed National Power Grid Repairs Near Completion – TCN

The Transmission Company of Nigeria (TCN) has reported that the restoration of the national power grid, which collapsed at about 11 a.m on Wednesday was near completion. A statement issued on Thursday by the company’s General Manager, Public Affairs, Ndidi Mbah, attributed the system failure “was a result of a sudden drop in system frequency […]

Budgeting Economy News Extra Latest News Planning & Economic Development Power/Electricity

Nigeria’s Generated Electricity Dips To 8.6M MWh In Q3 2021 – NERC

The Nigerian Electricity Regulatory Commission (NERC) on Tuesday reported that total electricity generated in the country by the power generation plants in the third quarter of 2021 stood at 8.693 million Megawatts-hour (MWh), down from the quantum of generated electricity in the previous quarter. The commission gave this figure in its Third Quarter Report 2021 […]

Economy News Extra Investments/Capital Market Latest News Planning & Economic Development Power/Electricity

Nigeria’s Energy Generation Up 95,116.18MWh, Highest In 2 Months

Nigeria electricity generation rose to the highest in over two months at 95,116.18MWh on Tuesday, representing 5% improvement over the 90,621.28MWh generated in the previous day. Information provided by the Transmission Company of Nigeria (TCN) on the electricity generation and supply situation in the day under review, indicated that the last time Nigeria’s energy generation […]

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ADF Board Approves $2Mn Grant For ECOWAS’ Electricity Reforms

The Board of Directors of the African Development Fund (ADF) has approved a technical assistance grant of $2 million to fund research that will contribute to electricity reforms in the Economic Community of West African States (ECOWAS). The approved grant, which is the concessional window of the African Development Bank Group (AfDB), will be paid […]

Economy News Extra Latest News Planning & Economic Development Power/Electricity

IBEDC Urges Customers On Prompt Payment Of Bills

Ibadan Electricity Distribution Company (IBEDC) has appealed to customers in its franchise area with outstanding bills to pay in order to avoid disruption in their power supply due to the ongoing mass disconnection exercise. A statement signed by the company’s Chief Operating Officer (COO), Engr. John Ayodele, indicated that the company had commenced mass disconnection […]

Budgeting Economy News Extra Investments/Capital Market Latest News Planning & Economic Development Power/Electricity

NSIA Targets Power Plants’ Takeover To Deepen Investment Foray

Indications emerged on Tuesday that Nigeria Sovereign Investment Authority (NSIA) is making moves to takeover some of the key under-performing government assets, including uncompleted power plants, in its ongoing plans to broaden the scope of its investment management roles. Reuters quoted the authority’s Managing Director, Uche Orji, as saying that the plans to take over […]