Power generation hits 4,898.2MW •Don’t revoke our licences, Discos beg NERC

The total quantum of electricity generated on the national grid since the beginning of 2020 reached a peak of 4,898.2 megawatts on Wednesday, latest industry data obtained on Thursday in Abuja showed.... Read more »

Condemnations trail Ogunbiyi’s suspension as REA MD

Sources, who described the minister’s indefinite suspension of Ogunbiyi as needless and ruthless, claimed that Mamman hated women. Sources within the Rural Electrification Agency have alleged that Minister of Power, Sale Mamman,... Read more »

Buhari will not allocate oil wells as gifts —Presidency

The Presidency has said that the resolve by President Muhammadu Buhari not to allocate the nation’s oil wells as gifts to some powerful and influential Nigerians since he assumed office in 2015,... Read more »

Solving the liquidity crunch in the Nigerian power sector

White Paper presented at Power Sector Roundtable Conference hosted by Mainstream Energy Solutions Limited on September 24, 2019 at Kainji Dam Hydropower Plant, Niger State BackgroundThe slow pace of economic diversification The... Read more »

AFC will pioneer early-stage funding of Nigeria’s mining projects —Osam Iyahen

Osam Iyahen is a Director at Africa Finance Corporation (AFC), a leading investment grade infrastructure solutions provider, created by sovereign African states to provide pragmatic solutions to Africa’s Infrastructure deficit and challenging... Read more »

Licence cancellation: FG gives Discos December 7 deadline

Power distribution companies have till December 7 to submit their written responses providing reasons their licences should not be cancelled, the Nigerian Electricity Regulatory Commission (NERC) declared on Tuesday. In an updated... Read more »

Nigeria’s power grid records 206 collapses in 9 years …As foreign-funded investment hits N715bn

Nigerians woke up on Wednesday, May 8, to a nationwide outage that cut off power from many homes and factories, leading to reduced load allocations to the distribution companies (DisCos). About 5:29... Read more »

Nigeria’s inefficient ports delayed Dangote refinery —Experts

Inefficient ports have hampered the progress of what will be Africa’s largest oil refinery Aliko Dangote, who first announced his plans for a new oil refinery in Nigeria in late 2013, is... Read more »

New private equity fund to invest in sustainable energy in Nigeria

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF).... Read more »