Business

ITU launches global digital standards advancing autonomous agents

  • 9th July 2026

NGX gains ₦3.45trn as Airtel Africa hits record

  • 9th July 2026

FIFA W’Cup fever pushes Google search traffic to

  • 9th July 2026

ExxonMobil begins $1bn Usan project to boost Nigeria’s

  • 9th July 2026

Contact Info

Some Populer Post

ITU launches global digital standards advancing autonomous agents

Business

FG to roll out ‘112’ as national emergency number

featured News

SEC, NGX hail S&P DJI for including Nigeria in

Finance

EFCC arraigns Miyetti Allah leader over alleged $2.33m money

Scams

Tag: Electricity

Electricity featured

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 bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission. The Commission, in its First Quarter 2026 report released […]

Electricity

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 Report released by the National Bureau of Statistics. The report, published on Tuesday, showed that electricity customers rose by 130,000, from 12.03 million recorded in the third quarter of 2025, representing a 1.11 […]

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 to the latest Sub-Saharan Africa Power & Renewables Report by BMI, a Fitch Solutions company. The report warns that Nigeria’s dependence on both domestic and imported hydropower leaves the country vulnerable to climate-related […]

Electricity

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 Africans by 2030, has connected more than 50 million people to power across 40 countries, nearly two years after its launch. Nairametrics reported that this was disclosed in a joint statement issued by […]

featured Technology

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, according to a new report released by the United Nations on Wednesday. The report, published by the UN University Institute for Water, Environment and Health, attributed the anticipated increase in electricity demand largely […]

Electricity featured

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 released by the Nigerian Electricity Regulatory Commission. The figures showed that the power distribution companies collected a total of N597.55bn between January and March 2026, despite ongoing challenges facing the country’s electricity sector. […]

Electricity featured

Anambra signs four electricity laws to boost supply

The Anambra State Electricity Regulatory Commission has announced that four new regulatory bills have been signed into law as part of efforts to improve electricity supply across the state. The commission explained that the newly enacted laws are designed to dismantle the monopoly of FirstPower Electricity Distribution Company Limited, a subsidiary of the Enugu Electricity […]

Electricity featured

Obi pledges 10,000 MW power increase in four years if elected

Peter Obi has pledged to increase Nigeria’s electricity generation and distribution capacity by at least 10,000 megawatts within four years, representing a 250 per cent increase from the country’s current output of about 4,000MW. Obi made the commitment on Saturday, May 30, 2026, while accepting his nomination as the presidential candidate of the Nigerian Democratic […]

Electricity featured

Epileptic power supply continues as generation drops below 3600MW

There are indications that Nigerians and businesses may continue to grapple with an epileptic electricity supply. Generation dropped on Thursday to 3,527.76 megawatts. This represents a decrease of 877.28 megawatts or 19.92 per cent from 4,405.04 megawatts recorded the previous day. Vanguard reported that the data was obtained from the Nigerian Independent System Operator. With […]

Electricity

Lagos issues 14 operators licences to boost electricity market reform

The Lagos State Government, through the Lagos State Electricity Regulatory Commission, has reaffirmed its commitment to deepening smart regulation and strengthening the Lagos electricity market. This came as the commission issued licences to 14 operators in the state electricity value chain. The PUNCH reported that speaking on Thursday at LASERC’s maiden Stakeholders’ Engagement Forum in […]

Electricity

MainPower restores Enugu power after rainstorm cuts 12 communities

MainPower Electricity Distribution Limited says it has begun the repair of feeders affected by a heavy rainstorm in the Enugu metropolis. The company said no fewer than 12 communities in the metropolis were plunged into darkness following a heavy rainstorm and strong winds that damaged key electricity infrastructure on Sunday afternoon. The outage, which disrupted […]

Electricity

Nigeria’s electricity crisis persists as installed capacity lies dormant

Nigerians continue to face electricity shortages as about 9,536 megawatts of installed power generation capacity remains unavailable, according to the latest data from the Nigerian Electricity Regulatory Commission. An operational report by the regulator showed that grid-connected plants had a total installed capacity of 13,625MW in March, but only 4,089MW was available for dispatch. This […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in