Prime Business Africa
Nigeria Power Top Story

States in darkness as national grid collapses again

The national electricity grid suffered a system collapse on Wednesday, causing power blackout in states across the country. Reports say that the system failure, which is the sixth in the last 7 months, dipped the entire power supply nationwide to 40 mega watts. The distribution load profile obtained by the media showed that the national Read More…

Nigeria Power Top Story

Nigeria’s electricity grid collapses for the second time in a month

Nigeria’s national electricity grid has collapsed for the second time in a month, the Federal Ministry of Power said on Saturday, leaving the parts of the country it serves, including the capital Abuja and Africa’s biggest city Lagos, without power. The power ministry said the outage had occurred overnight. It gave no estimate of when Read More…

Business Power Top Story

EKEDC, NDPHC sign deal to improve power supply

Eko Electricity Distribution Company (EKEDC) has signed an agreement with the Niger Delta Power Holding Company Limited (NDPHC) towards improving electricity supply to Agbara, Lekki and other areas within its operational network. A statement issued on Monday in Lagos by Mr Godwin Idemudia, Head, Corporate Communication, EKEDC, said the deal was signed recently during a Read More…

Business Power Top Story

Ikeja Electric to increase supply across its network in 2022

Ikeja Electric Plc says its 2022 targets include growth in energy which will increase supply across its network. The electricity Distribution Company says it has outlined several projects for 2022 across its six business Units – Shomolu, Oshodi, Abule-Egba, Ikorodu, Ikeja and Akowonjo. Mrs Folake Soetan, Chief Executive Officer, Ikeja Electric, made the disclosure while Read More…

Nigeria Power Top Story

FG to install 5million Solar Home System

The Federal Government says it plans to install a five million Solar Home System (SHS) and Mini-Grid across the country to provide electricity to unserved and underserved citizens. Mr Nebeolisa Anako, Permanent Secretary, Ministry of Power, made this known in a statement by Mr Mathew Dan’asabe, Senior Information Officer, in the ministry in Abuja on Read More…

Metro Power Top Story

EKEDC apologises to Lagos, Ogun residents over irregular power supply

The management of the Eko Electricity Distribution Company (EKEDC) on Tuesday apologised to its customers in Lagos and some parts of Ogun State over the irregular power supply they currently experiencing. The General Manager Corporate Communications, Mr Godwin Idemudia, in a statement in Lagos, said the epileptic supply was due to reduced load capacity from Read More…

Metro Power Top Story

Sanwo-Olu moves to deliver 50 megawatts/20 hrs of electricity to Lagosians

Babajide Sanwo-Olu, Lagos State Governor, has disclosed plans to deliver 50 MegaWatt of electricity for 20 hours daily to residents through the Lagos State Electricity Policy. The governor made this known in a statement on Saturday signed by Mr Kayode Oyekanmi, Director Public Affairs, Ministry of Commerce, Industry and Cooperatives (MCIC). Sanwo-Olu said the development Read More…

Business Metro Power Top Story

Lagos govt, energy firms move to ensure uninterrupted power supply in Lagos State

If all goes well with a cooperative agreement between the Lagos State Government and two firms – Ikeja Electric and Sahara Energy, then power outage will be a thing of the past in Lagos. This is because on Tuesday, the Lagos State Government, through its Ministry of Energy and Mineral Resources, signed Memoranda of Agreement Read More…

Business Power

African Development Bank COVID-19 Platform closing in on $20 million sustainable energy investment

The African Development Bank (AfDB) has announced that it has reached financial close on financing agreements for a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP). In a statement it released on Saturday, AfDB said the 5-year, $50 million blended finance initiative is designed Read More…