Budgeting Environment Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Power/Electricity Technology

Denmark Assures New Investments In Nigeria’s Renewable Energy

The Ambassador of Denmark to Nigeria, Mr Sune Krogstrup, has expressed his country’s readiness to increase investment and provide support for Nigeria’s efforts in developing its renewable energy sector. The Ambassador, who made the promise during an interview with the News Agency of Nigeria (NAN) in Abuja, spoke on Denmark’s roles in the global renewable […]

Agriculture & Agribusiness Budgeting Economy News Extra Latest News Manufacturing Planning & Economic Development Power/Electricity Revenue Technology

NASENI, REA To Deploy Renewable Technologies In Rural Areas

The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI solar resources and other renewable energy technologies to increase electricity supply to Nigeria’s rural areas. The […]

Banking Budgeting Latest News Planning & Economic Development Power/Electricity Professionals & HR Devt. Technology

AfDB Pledges Support For Nigeria’s Power Sector Transformation

The African Development Bank (AfDB) has expressed its readiness to support the Nigerian government’s ongoing power reforms through technical advisory and other areas in order to boost power generation, transmission and distribution in the country. The development finance institution made the pledge during a meeting with the Nigerian delegation, led by the Minister of Power, […]

Budgeting Latest News Planning & Economic Development Political Economy Power/Electricity Technology

FG Clarifies Cause Of Grid Collapse, Restores Power Supply

The Minister of Power, Adebayo Adelabu, has explained the cause of the national grid collapse, which resulted in the general power outage nationwide in the early hours of Thursday. The minister, in a statement issued on Thursday, linked the grid collapse to a fire outbreak at the Kainji/Jebba line, adding that the inferno has been […]

Banking Budgeting Environment Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Power/Electricity Revenue Sanitation & Hygiene Matters Technology Transportation

NUPRC Issues Award Letters To 42 Bidders For Gas Flare Programme

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued letters of award to 42 companies/entities that were successful in the bid for 49 Flare Sites enlisted during the 2022 Nigerian Gas Flare Commercialisation Programme (NGFCP) Auction process. The petroleum regulatory body confirmed the issuance of the letters of award  via a press statement issued on […]

Banking Budgeting Latest News Manufacturing Planning & Economic Development Political Economy Power/Electricity Revenue Technology

Consumers Who Paid For Meters Won’t Pay Extra Charges – NERC

The Nigerian Electricity Regulatory Commission (NERC) has directed meter asset providers (MAPs) to ensure that customers who already paid for meters before the latest hike of the  prices should be supplied their meter without additional costs. The Commission stated this via its LinkedIn account on Wednesday, pointing out that “the order on the review of […]

Budgeting Latest News Manufacturing Planning & Economic Development Power/Electricity Statistics Technology

Metered Electricity Consumers Increase By 160,000 In Q2 2023

Sustained efforts by the Nigerian Electricity Regulatory Commission (NERC) and the electricity distribution companies to provide meters for electricity consumers in the country appear not to be  yielding tangible results as metered customers only increased to 5.47 million in Q2 2023, representing a growth of 3.10% from 5.31 million recorded in the preceding quarter this […]

Budgeting Latest News Manufacturing Planning & Economic Development Power/Electricity Revenue Technology

NERC Raises Prices Of Electricity Meters Amid Economic Hardships

Despite its promises for improved electricity supply at customer-friendly tariff and cost regime, the Nigerian Electricity Regulatory Commission (NERC) has approval an upward adjustment in the prices of prepaid electricity meters. The regulatory commission, in a circular dated September 5, 2023 and signed by its Chairman, Sanusi Garba, and the Commissioner of Legal, Licensing, and […]

Budgeting Latest News Planning & Economic Development Power/Electricity Technology

NEMSA Assures Consumers Of Tariff Units’ Safety During Meter Upgrade

The Nigerian Electricity Management Services Agency (NEMSA) has assured electricity consumers using pre-paid meters that units already purchased will not be lost during the imminent upgrade of their meters nationwide. The Head Communication and Protocol Unit, Mrs. Ama Umoren, in a statement on Sunday attributed the assurance to the Managing Director of NEMSA, Mr. Tukur […]