Electricity

Q1 24: Otedola’s Geregu Power forecasts N31.2bn revenue, N14.4bn profit

Geregu Power Plc., Nigeria’s leading power generation company (GenCo), is seeing a better operating 2024 with its revenue and profit…

11 months ago

Nigeria, Germany sign agreement to improve electricity

Nigeria and Germany have signed an agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve…

11 months ago

Reps summon CBN, DisCos over $321m, N18.2bn loans for electricity projects

The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies…

1 year ago

NERC: FG paid N135.23bn for electricity subsidy in Q2 2023

The Nigerian Electricity Regulatory Commission (NERC) says the Federal Government paid a total of N135.23 billion to subsidise electricity consumption…

1 year ago

Minister tasks DisCos, GenCos on improved electricity

The Minister of Power, Mr Adebayo Adelabu, has urged the Generating companies (GENCOs) and the Distribution companies (DISCOs) to improve…

1 year ago

NERC raises electricity meter price by 40%

The Nigerian Electricity Regulatory Commission (NERC) has increased the cost of electricity meters payable through the Meter Assets Programme (MAP).…

1 year ago

Tinubu: Nigeria can’t match developed countries with current electricity supply

President Bola Tinubu has decried Nigeria’s current rate of energy supply, saying the country cannot advance and join the rest…

1 year ago

Reps reject move to increase electricity tariff

The House of Representatives has rejected a move by the Nigeria Electricity Regulatory Commission (NERC) to approve an increase in…

1 year ago

DisCos approach NERC for electricity tariff increase

Electricity Distribution Companies (DisCos) in the country have approached the Nigeria Electricity Regulatory Commission (NERC) for tariff increase. Condemnation had…

1 year ago

NLC to FG: Shelve proposed electricity tariff hike

The Nigeria Labour Congress (NLC) has called for the shelving of the proposed plan of electricity tariff hike by July…

1 year ago

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