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Tag: Electricity

FG targets 6500 megawatts power generation in six months
featured

Power sector cash flow hits N900bn – FG

Nigeria’s power industry saw a rise in liquidity from N282 billion in 2015 to N900 billion as of Thursday. The Federal Government also reported that the industry’s financial burden had decreased by around N373 billion. The Punch revealed that this information was revealed during the Ministerial Retreat on the Integrated National Electricity Policy and Strategic Implementation […]

How increased electricity access will drive investment - Seplat
Electricity

How increased electricity access will drive investment – Seplat

The Director of External Affairs and Social Performance at Seplat Energy, Chioma Afe, has stated that increasing access to electricity is critical for driving the development of the Nigerian economy. According to The Punch, she expressed concerns regarding the negative effect that the nation’s high diesel imports are having on its foreign exchange reserves. Data from the […]

Nigerians spent N509.84bn on electricity in Q4 2024 - NERC
Electricity

Power consumers paid N268bn electricity bills in Q2 – FG

The Federal Government announced on Monday that power users spent N267.86 billion on electricity bills in the second quarter of this year. According to The Punch, this information was provided by the Nigerian Electricity Regulatory Commission in its recently issued report for the second quarter of 2023, which also discussed the effectiveness of electricity distribution […]

Power transmission capacity hits 8,500MW – FG
Electricity

Power transmission capacity hits 8,500MW – FG

Nigeria’s power transmission capacity has reportedly expanded to 8,500 megawatts, according to the Federal Government. The Punch reported that it did so via the Transmission Company of Nigeria, a company owned by the Federal Government, highlighting the fact that TCN was currently able to evacuate all of the electricity produced by power production companies. The […]

FG targets 6500 megawatts power generation in six months
Electricity

FG, others partner to distribute 4000mw electricity

The Federal Government, Niger Delta Power Holding Company, Lagos, Ogun, and Oyo states have reached an agreement on bilateral trade to deliver 4,000 megawatts of energy to the significant industrial and commercial clusters in Agbara and across Nigeria. According to The Punch, this information was made public on Thursday during the “Light Up Nigeria Program: Agbara […]

FG targets 6500 megawatts power generation in six months
Electricity

Electricity users critique minimal 9.42% rise in average power generation

Electricity users on Wednesday, condemned the 9.42 percent increase in average power generation over a seven-year period as “abysmally low.” According to the Punch, information from the Nigerian Electricity Regulatory Commission’s recently published 2022 Market Competition Report, the country’s average power generation decreased by 335 megawatts-hour/hour between 2015 and 2022. “While the commission continues to provide direction […]

TCN restores power to Sokoto – Official
featured

TCN restores power to Sokoto – Official

    The restoration of bulk power supply to Sokoto State was successfully carried out by the Transmission Company of Nigeria at 6 p.m. on Saturday. This was disclosed through a statement provided to the press in Birnin Kebbi on Sunday by the General Manager of Public Affairs, Mr. Ndidi Mbah, on Sunday. He promised […]

Nigerians spent N509.84bn on electricity in Q4 2024 - NERC
Electricity

40% prepaid meters increase expensive for average consumer – Group

The price of single-phase prepaid meters in Nigeria has increased by 40%. According to the advocacy group Electricity Consumer Protection Forum, this is of great concern to the typical consumer. According to The Times, in a statement issued on Friday, the group, represented by its National Coordinator, Adeola Samuel-Ilori, expressed similar worries and called for […]

Nigerians spent N509.84bn on electricity in Q4 2024 - NERC
Electricity

Consumers protest as FG raises price of electricity meters by 40%

The Federal Government announced a price rise for single-phase and three-phase pre-paid electricity meters on Wednesday, with the increase taking effect on September 6, 2023. The Punch reported that the Nigerian Electricity Regulatory Commission made this announcement in an order that was issued with the NERC/2023/020 number and was jointly signed by the commission’s Chairman, […]

FG targets 6500 megawatts power generation in six months
Electricity

FG grants company license to generate 723MW

The Federal Government has approved the issuing of two power-generating licences totaling 723 megawatts. The Punch reported that when the power projects were finished, the country’s electrical output would increase by more than 700MW. After the successor electricity generating and distribution arms of the industry were unbundled and privatized in November 2013, power sector operators […]

FG targets 6500 megawatts power generation in six months
Electricity

Nigerian electricity market operators to assess performance

Nigerian electricity market operators on Tuesday, announced intentions to assess the performance of the Nigerian Electricity Supply Industry in the country. According to Premium Times, at a press conference on Tuesday in Abuja, the chairman of the NESI market participants and stakeholders roundtable planning committee, Stephen Ogaji, revealed this. The Transmission Company of Nigeria, the Distribution Companies, the Generation […]

Manufacturers warn price hikes to persist without solutions
Business

Manufacturers spent N119bn on electricity in nine years – MAN

Manufacturers’ Association of Nigeria has reported that manufacturers spending on alternative energy sources increased by 82% between 2014 and 2022,  from N25 billion to N144 billion excluding power from distribution companies. According to The Punch, this is based on information compiled from the Manufacturers Association of Nigeria’s annual and biannual reports. The documents state that manufacturers spent […]

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