DisCos Face Fresh Sanctions as NISO Rejects Repayment Plans Over N1.5tn Debt
Electricity distribution companies in Nigeria could face fresh sanctions over approximately N1.5 trillion in outstanding obligations after the Nigeria Independent...
Tag Archives: #PowerSector
FG Nets Off 97% of DisCos’ N2.6tn Electricity Market Debt
The Federal Government has netted off about 97 per cent of more than N2.6 trillion in outstanding obligations owed by...
NDPHC Seeks Settlement of N400bn Electricity Market Debt
The Niger Delta Power Holding Company has called for the settlement of more than N400 billion owed to it by...
Rural Electrification Agency Boss Warns Nigeria Needs $23 Billion to Fix Power Sector
Agency Leader Outlines Massive National Power Gap The Rural Electrification Agency warned that Nigeria requires at least $23 billion to...
Sanwo-Olu Charges Power Sector Stakeholders to End Blackouts, Build 24/7 Electricity Economy in Lagos
Lagos State Governor, Babajide Sanwo-Olu, has charged stakeholders in the power sector to end the persistent culture of blackouts in...
FG, National Assembly Back Coordinated Electricity Regulation as Nigeria Moves to Multi-Tier Market
The Federal Government and the National Assembly have reaffirmed their commitment to strengthening coordination between federal and state electricity regulators...
Federal Government to Issue N729 Billion Bond to Clear Power Sector Debts
The Federal Government is set to issue a second bond valued at approximately N729 billion to electricity generation companies (GenCos)...
Transmission Losses Highlight Ongoing Challenges in Nigeria’s Power Sector
Nigeria’s electricity sector has once again come under scrutiny after the Nigerian Electricity Regulatory Commission (NERC) disclosed that transmission...
Tinubu Reshapes Power Sector, Nominates New Minister and Launches Reform Task Force
President Bola Ahmed Tinubu has launched a fresh restructuring of Nigeria’s power sector with the nomination of a new Minister...
Bola Ahmed Tinubu Nominates Joseph Tegbe as Minister of Power
President Bola Ahmed Tinubu has nominated Joseph Olasunkanmi Tegbe as Minister of Power, subject to confirmation by the Senate. The...
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