21 results
- 20 Aug 2024
FG Spends N120 to Produce 1Kw/h of Electricity - Minister of Power, Adebayo Adelabu
Chief Adebayo Adelabu, Minister of Power, has disclosed that it costs the Federal Government approximately N120 to generate one kilowatt-hour (kWh) of electricity in Nigeria. Minister Adebayo-Adelabu…
- 24 Aug 2025
Nigeria Taps $190M JICA Loan to Power Underserved Communities
Nigeria is seeking a $190 million renewable energy loan backed by the Japan International Cooperation Agency (JICA), according to Adebayo Adelabu, minister of power. Minister Adebayo-Adelabu In a…
- 13 Dec 2024
Nigeria to Enhance National Grid with Additional 150 MW - Adelabu
Nigeria is set to boost its national grid by an additional 150 megawatts (MW) of electricity before the end of the year, according to Adebayo Adelabu, the minister of power. Minister Adebayo-Adelabu…
- 15 Jan 2024
Electricity Subsidy Gulped N700bn in 2023 - Adelabu
Adebayo Adelabu, Minister of Power says the Federal government has so far spent N700 billion to subsidize electricity. According to Adelabu, the Federal Government still subsidises electricity…
- 6 Mar 2024
FG Threatens to Revoke Licenses of DisCos over Poor Power Supply
Federal Government has threatened to revoke the licences of power Distribution Companies over epileptic power supply across the country. The Minister of Power, Adebayo Adelabu, made this known on…
- 31 May 2018
Adelabu, CBN Deputy Governor Resigns, May Go Into Politics
President Muhammadu Buhari has formally accepted the disengagement of Mr. Adebayo Adelabu, deputy governor in charge of Operations at the Central Bank of Nigeria (CBN), with effect from July 15,…
- 7 May 2025
Power Ministry, NAEC Partner to Unlock Nuclear Energy Potential
The Minister of Power, Chief Adebayo Adelabu has expressed willingness to collaborate with Nigeria Atomic Energy Commission, NAEC, to facilitate the establishment of nuclear power plants in the…
- 20 Feb 2014
Jonathan Appoints Emefiele, Zenith Bank Chief to Replace Sanusi
President Goodluck Jonathan has appointed Godwin Emefiele, who is the managing director of Zenith Bank, as the new governor of Central Bank. Mr. Jonathan submitted Mr. Emefiele’s name to the Senate…
- 3 Sept 2024
FG, Chinese Firm Sign MoU on Electric Bicycles, Renewable Energy
Federal Government on Tuesday signed a Memorandum of Understanding with a Chinese Company, Mutual Commitment Company Limited for the assembly of electric tricycles and establish a renewable energy…
- 27 Aug 2014
Beware! Fraudsters Shop Abroad with Cloned Nigerian ATM Cards
Facts emerged on Tuesday that electronic fraudsters had been duplicating Automated Teller Machine (ATM) cards belonging to Nigerian bank customers and using them to buy items worth millions of…
- 27 Oct 2015
Nigeria Loses $83Bn to Illicit Financial Flows
Africa Development Bank (AfDB) said that Nigeria has lost some $83.3 billion from 1960 to 2011 through illicit financial flows, which arose from over invoicing of imports and under-invoicing of…
- 15 Dec 2025
Sterling Bank Renewable Energy Colloquium Urges Stakeholders to Unlock Nigeria’s Clean Energy Potential
Sterling Bank Limited on Monday convened stakeholders in the renewable energy industry to explore strategies for accelerating Nigeria’s transition to clean energy and boosting economic growth. L-R:…
- 27 Nov 2024
TCN Reveals N8.8 Billion Expenditure on Restoring Destroyed Transmission Towers
Federal Government has revealed that N8.8 billion has been spent to repair and restore power transmission towers across Nigeria that were destroyed by vandals and bandits. The announcement was made…
- 29 Nov 2024
Electricity Subsidy Soars to ₦2.4 Trillion Despite Tariff Reforms
Federal Government’s electricity subsidy has surged by 269%, rising from ₦650 billion in 2023 to an estimated ₦2.4 trillion in 2024. This increase comes despite the implementation of the Band A…
- 16 Dec 2024
FEC Approves 161.3m Euros for Phase 1 Siemens Power Project
Federal Executive Council (FEC), meeting presided over by President Bola Tinubu on Monday approved the sum of 161,328,228 euros for the execution of contracts in the first batch of the Phase 1 of the…
- 23 Jun 2014
Banks Lose N159Bn to Cyber Crimes
Nigerian banks lost a total of N159 billion to electronic fraud between 2000 and the first quarter of 2013, Nigerian Inter-Bank Settlements Systems (NIBSS Plc) has said. The organisation, however,…
- 18 Oct 2023
Polaris Bank Partners Millwater on stable Power Delivery to Industrial Clusters
Polaris Bank has expressed its commitment to partner with Millwater to deliver uninterrupted power to industrial clusters in Nigeria in order to accelerate the industrialization drive of the current…
- 4 Mar 2026
NERC Orders DisCos to Refund ₦20.33Bn Meter Costs to Customers
Nigerian Electricity Regulatory Commission (NERC) has ruled in favor of electricity consumers, directing distribution companies (DisCos) to refund ₦20.33 billion in outstanding costs for meters…
- 22 Sept 2023
Simba Solar Unveils the Revolutionary Simba Talegent in Nigeria
Simba Solar is thrilled to announce the launch of its newest product, the Simba Talegent solar hybrid inverters. This state-of-the-art innovation was launched at the Nigeria Energy Exhibition and…
- 8 Apr 2018
CBN Governor deploys new Deputy Governors
Godwin Emefiele Governor of the Central Bank of Nigeria (CBN) has assigned duties to the newly appointed Deputy Governors who assumed duty on March 28. Mr Isaac Okoroafor, the acting Director,…
- 8 Nov 2017
Experts Seek Improved e-Channels Security, Banks Lose N237bn In 10 Years
By peter oluka Fraudsters, especially through the electronic payment channels have stolen about N237 billion since 2007 from Nigerian banks. This was made known on Monday by the Niyi Yusuf, country…