Power supply stagnates despite DisCos’ revenue soaring 450% in eight years
Revenue collected by Nigeria’s electricity Distribution Companies grew by about 450 per cent over eight years. It climbed from N218.16 billion in…
Electricity
FG plans 24-hour power zones in Lagos, Abuja, Kano, Enugu
The Federal Government has begun engagements with electricity distribution companies to develop proposed Energy Zones aimed at providing 24-hour electricity supply to…
Power minister announces new electricity generation peak of 5,330MW
The Nigerian Electricity Supply Industry hit a new generation peak of 5,330 megawatts during August and September. The Minister of Power, Joseph…
Nigerians paid ₦208.15bn for electricity in May 2026 — NERC
Electricity consumers across Nigeria paid a total of N208.15 billion for power supplied in May 2026. This came as electricity distribution companies…
Gas shortage: Aba Power promises electricity restoration before end of week
Aba Power has assured residents and businesses in the Aba Ring-fenced Area that electricity supply will be restored before the end of…
Ibom Power loses 11 months output over ₦15.7bn FG debt, gas shortage
Ibom Power Company Limited, one of Nigeria’s first independent state-owned power plants, lost nearly a full year of electricity generation in 2025/2026…
FG spends ₦358.32bn on electricity subsidy in Q1
The Federal Government incurred an electricity tariff subsidy obligation of N358.32 billion in the first quarter of 2026 as it continued to…
Nigeria’s electricity consumers rose to 12.16 million In Q4 2025
The number of electricity consumers in Nigeria increased to 12.16 million in the fourth quarter of 2025, according to the latest Electricity…
Nigeria faces power risks as hydropower generation drops — BMI
Nigeria’s electricity sector could face renewed supply challenges as El Niño-induced drought conditions threaten hydropower generation across West Africa. This is according…
W’Bank, AfDB to connect 50 million Africans to electricity
The World Bank and the African Development Bank have announced that Mission 300, an initiative aimed at providing electricity to 300 million…
Global AI usage to consume more electricity than Nigeria, two others — UN
Global data centres are projected to consume almost three times the annual electricity used by Nigeria, Pakistan and Bangladesh combined by 2030,…
DisCos generate nearly ₦600bn revenue in Q1 despite power shortages
Electricity Distribution Companies in Nigeria generated approximately N600bn in revenue during the first quarter of 2026, according to the latest industry data…