Power
Nigeria Approves $16m for Six Power Projects
Nigeria’s Federal Executive Council (FEC) on Wednesday approved $8.29 million and N3 billion for the execution of various electricity projects. It also said it was ready to commence the
Transcorp pushes investment in power sector, others
power Supply, By Prince Okafor Diversified conglomerate, Transnational Corporation of Nigeria Plc, Transcorp, has stepped up its presence in the nation’s power and petroleum sectors. Speaking at the 15th Annual
Reps probe N3.4bn failed power projects in 6 zones
By Tordue Salem, Abuja The House of Representatives, on Thursday, approved a four-week probe of the alleged failure of a 3. 4billion naira Powered Grid Projects in six geo-political zones
Electricity Consumers praise CBN for N120bn power intervention
By Obas Esiedesa As a part effort to support and grow revenue of the power sector, the Central Bank of Nigeria, CBN, last week disclosed that it has disbursed about
Power sector revenue grows by 40% in three months
By Obas Esiedesa Six months into the Federal Government’s intervention in the revenue process of the power sector, the latest figures have shown that revenue grew by 33.93 percent in
Power generation falls further by 27% to 3,567MW
By Obas Esiedesa Nigeria’s power generation, Monday, dropped by 27 per cent to 3,567.30 megawatts, MW, as at 06hours compared to the 4,557.50MW peak generation at 22hours the previous day.
Liquidity: Electricity sector generates N272.47bn in six months
***NERC blames MDAs, others for rising debts ***DISCOs collection efficiency Q3’20 By Obas Esiedesa Electricity market revenue grew by 10.55 per cent to N272.47 billion in the second half (July-December)
Nigeria Spends Over $131m Monthly on Electricity Subsidy, Power Minister Says
The federal government of Nigeria says it is still paying over $131.14million in electricity tariff subsidy, despite the recent hike in prices paid for power by Nigerians and incessant complaints
