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Northern governors mourn businessman Alhaji Aminu Dantata

Kano business icon Aminu Dantata dies at 94

  • 28th June 2025

China bans non-certified power banks on flights

  • 28th June 2025
Meta splits AI division to accelerate product development

Facebook seeks access to users pictures for AI

  • 28th June 2025

Kogi eyes transformation of mining hub, bags 15

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Meristem projects oil, banking sector gains amid rising crude prices

Meristem projects oil, banking sector gains amid rising crude

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Google prepares iOS launch for YouTube Create 

Google prepares iOS launch for YouTube Create 

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Guaranty Trust Bank Ltd. has announced that all its branches across Nigeria will close earlier than usual on Monday, June 30, 2025

GTBank to close branches early nationwide on June 30

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Afreximbank appoints George Elombi as next president

Business

Tag: Power

FG targets 6500 megawatts power generation in six months
News

FG targets 6500 megawatts power generation in six months

Melvin Onwubuke The Federal Government has outlined a plan for increasing the country’s power generation from about 4000 megawatts to between 6000 and 6500 megawatts in the next five or six months. The Minister of Power, Adebayo Adelabu disclosed this recently while meeting with Agency heads and stakeholders in the Nigeria Power industry, according to […]

FG targets 6500 megawatts power generation in six months
News

FG vows to increase supply of electricity

Nigerians have been reassured by Minister of Power, Bayi Adelabu, that power would be supplied incrementally. According to The PUNCH on Wednesday, Adelabu, through his media assistant Bolaji Tunji, urged composure and stated that the electricity industry would soon see growth. The nationwide grid meltdown on Sunday and persistently low power supplies preceded the minister’s […]

Geregu Power reports 110% rise in profit
Business

Geregu Power reports 110% rise in profit

A major player in Nigeria’s energy sector, Geregu Power Plc, has reported a staggering 110% increase in operating profit in its just issued 2023 audited financial statement. According to Nairametrics, this enormous growth demonstrates the company’s robust business model and strategic objectives, which have positioned it as an industry leader. The company’s financial performance for the fiscal year ending […]

Power crisis hits manufacturers as energy costs rise 27%
Business

FG plans to sell five power plants for $1bn

The Federal Government, through the Bureau of Public Enterprises, is now conducting transactions to sell five power plants under the National Integrated Power Projects for around $1.15 billion. Although individuals involved with the development said that the cost of the plants should surpass $5 billion based on worldwide benchmarks, they revealed that the BPE was […]

FG targets 6500 megawatts power generation in six months
Electricity

NERC threatens Discos with fines for refusing to accept power

Despite the widespread blackout in Nigeria, the Nigerian Electricity Regulatory Commission has expressed worry over electricity load rejection by power distribution companies. According to The Punch, it vowed to take appropriate regulatory action against Discos that failed to reach the major performance criteria for energy offtake, emphasizing the growing gap between available power capacity and […]

Economic hardship: Senator advises Tinubu to hold national stakeholders meeting
Business

Tinubu promises improvement in power, oil sectors in 2024

President Bola Ahmed Tinubu has pledged to improve the power and oil sectors by 2024. He claimed that the continuing work in the power and oil sectors would be delivered soon during his New Year’s Day address to Nigerians on January 1, 2024. According to him, his administration has been trying to improve service delivery […]

Power generation dropped 43mw after worker's strike - FG
Electricity

Blackout as electricity union shuts power stations

The National Union of Electricity Employees on Wednesday shut down major power stations over “contravention of workers’ conditions and default on the payment of entitlement by the Transmission Company of Nigeria.” NUEE had on Tuesday threatened to embark on a nationwide strike but the minister of state for power, Goddy Jedy-Agba appealed to the union […]

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