10 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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:…
- 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…
- 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,…