The Nigerian Electricity Regulatory Commission (NERC) has said that electricity customers with faulty meters have the right to have it fixed within two working days by their electricity distribution companies (DisCos). The commission’s General Manager, Finance and Management Services, Dr. Abdulkadir Shettima, made this disclosure in his paper presentation on Metering Issues at a recent […]
President Bola Tinubu has said Nigeria it is no longer desirable for Nigeria to continue to service its debt with 90% of her earned revenue in view of the negative implications for the nation’s sustainable growth. The President, who made this remark on Sunday in Abuja while declaring open the annual conference of the Nigerian […]
The Chief Executive Officer of Transcorp Group, Owen Omogiafo, has announced moves by the group’s management to add 2,000 megawatts to the nation’s grid before the end of this year. Omogiafo, who made this disclosure during a media briefing noted the previous challenges with gas and transmission but highlighted the impressive improvement recorded in Transcorp’s […]
A group of investors led by Transcorp Power Limited has acquired a 60% stake in Abuja Electricity Distribution Company (AEDC) as part of their investment drives to increase their franchise in the nation’s power sector Information on the deal indicated that the current MD/CEO of Transcorp Power Limited, Christopher Ezeafulukwe, would immediately take over as […]
Siemens Power, the German company handling Nigeria’s Presidential Power Initiative (PPI) designed to upgrade Nigeria’s grid hinted on Monday that the implementation of the project would be completed five years earlier than the 2030 earlier set for its completion. The Head of Business Development and Government Relations at Siemens Energy, Oladayo Orolu, who made this […]
The World Bank Group has unveiled plans to fund 1,000 mini solar power projects in Nigeria as part of its support for the nation’s current drive towards transition from fossil-fuel powered energy to climate-friendly green energy alternatives. The President of the bank, Ajay Banga, who made the pledge on Saturday, said that under the first […]
The Nigeria Electricity Regulatory Commission (NERC) has reported that the 11 electricity distribution companies (DisCos) in the country generated N247.09 billion as revenue in the first quarter of this year, representing 68.75% out of the N359.38 billion billed the customers. The NERC, in its just released ‘Q1 2023 Electricity Report’, also disclosed that the DisCos […]
The Nigerian Communication Commission (NCC) on Thursday assured stakeholders in the nation’s telecom industry on its plans to ensure that very soon the industry’s operations would be powered by alternative energy sources. The Executive Vice Chairman of the NCC, Prof. Umar Danbatta, who made this disclosure during a roundtable discussion with academia, industry and other […]
The World Bank President, Ajay Banga, will begin a three-day visit to Nigeria on August 3 as part of his global tour schedule that is at the centre of a mission to write a new playbook for the 78-year-old institution. During the visit to the country, the development finance banker will focus on identifying opportunities […]
The Niger Delta Power Holding Company Limited (NDPHC), has disclosed that it spent over $1.2 billion in the projects and handed over them to the DisCos, with an understanding that the money would be refunded by the Discos. The company stated that the handed-over projects to the DisCos were part of the over 374 projects […]