Efforts are currently underway to restore power after the Nigerian national grid collapsed on November 5, 2024, at approximately 1:52 PM. The Transmission Company of Nigeria (TCN) has deployed engineers to address the issue, with an expected restoration time of several hours. “Our team is working tirelessly to ensure that bulk power supply is restored Read More…
Power
NERC approves electricity tariff hike for Band A customers, downgrades non-compliant areas
The Nigerian Electricity Regulatory Commission (NERC) has given the green light for an increase in electricity tariffs, impacting Band A customers who currently receive 20 hours of power supply daily. Mr. Musliu Oseni, Vice Chairman of NERC, announced this decision during a press conference held in Abuja on Wednesday. Oseni highlighted that Band A customers Read More…
Nigeria to cut electricity subsidies for high-end consumers, sparking fresh inflation concerns
Nigeria plans to axe electricity subsidies for a select group of consumers in a bid to rein in ballooning public finances, the presidency announced on Tuesday. This move follows a series of reforms undertaken by President Bola Tinubu aimed at stimulating economic growth. “With the huge subsidy burden and high cost of gas … the Read More…
The new NNPCL is professional, says Professor Bart Nnaji
By Uzor Maxim Uzoatu The Nigerian National Petroleum Company Limited is now run professionally like an efficient private sector organisation, according to a former Minister of Power, Professor Bart Nnaji, who is also a major player in the energy industry. “When the Nigerian National Petroleum Corporation (NNPC) became the Nigerian National Petroleum Company Ltd (NNPCL) Read More…
Nigeria’s Power Minister pledges enhanced electricity supply in 2024
The Minister of Power, Mr. Adebayo Adelabu, has reaffirmed the commitment of his ministry to prioritise electricity supply in Nigeria throughout 2024, aligning with President Bola Tinubu’s agenda for a transformative shift in the country’s power sector. According to Mr. Bolaji Tunji, Special Adviser, Communication, and Strategy to the Minister of Power, Adelabu emphasised the Read More…
TCN boosts power infrastructure in Lagos with seven new transformers
The Transmission Company of Nigeria (TCN) has announced the acquisition of seven new power transformers along with their accessories at the Akangba 330/132 Kilo Volt (kV) Transmission Substation in Lagos. Mrs. Ndidi Mbah, the company’s General Manager of Public Affairs, emphasized, “These transformers, ranging from 60 Mega Volt Ampere (MVA) to 100MVA capacities, are a Read More…
Power Minister assures Nigerians of stable power supply for festive season celebrations
The Minister of Power, Mr. Adebayo Adelabu, reaffirmed the commitment to ensure uninterrupted power supply across Nigeria during the Christmas and New Year celebrations, offering reassurance to citizens. In a statement titled “Fostering Unity and Progress,” Mr. Bolaji Tunji, Special Adviser for Strategic Communication and Public Relations to the Minister, conveyed Adelabu’s message emphasising unity Read More…
Nigeria mulls power utility stake transfer to states amid chronic shortages
Nigeria’s government is exploring a strategic shift, considering relinquishing its 40% stake in 11 power distribution companies (DISCOs) to state governments in a bid to enhance oversight and combat the nation’s longstanding power deficits. Adebayo Adelabu, Nigeria’s Minister of Power, revealed plans to potentially exchange federal shares in the DISCOs for stakes in the Niger Read More…
Sun Africa LLC pledges $2.2 billion for Nigeria’s power infrastructure
In a significant move, Sun Africa LLC, an international organisation, has pledged extensive support to bolster President Bola Tinubu’s administration by injecting $2.2 billion into critical power infrastructure development for Nigeria. The Minister of Power, Mr.Adebayo Adelabu, in a statement released in Abuja on Sunday by Mr. Bolaji Tunji, his Special Adviser for Strategic Communication Read More…
Ikeja Electric marks 10th anniversary with 830,292 meter deployments
Ikeja Electric (IE) celebrated its 10th anniversary by announcing the successful deployment of 830,292 meters to its customers over the past decade. The statement, released on Friday in Lagos by Mr. Kingsley Okotie, Head of Media Communication, quoted the company’s Chief Executive Officer, Mrs. Folake Soetan, as she highlighted this achievement during the event. Soetan Read More…