30 results
- 25 Apr 2017
Gencos Accuse DisCos of Hiding Accounts
The crisis in the Nigerian Electricity Supply Industry (NESI) got messier as the electricity generation companies (Gencos) asked the electricity distribution companies (DisCos) to open their account…
- 1 Sept 2025
FG Threatens to Disconnect GenCos Over Grid Infractions
Federal Government has threatened to disconnect power-generating companies (GenCos) from the national grid if they fail to activate Free Governor Control (FGC) across all generating units, in a move…
- 14 Oct 2025
FG, GenCos Seal N4 Trillion Bond Agreement to Settle Power Sector Arrears
Federal Government has finalized implementation frameworks for a ₦4 trillion government-backed bond aimed at settling verified arrears owed to power Generation Companies (GenCos) and gas suppliers,…
- 8 Jan 2018
FG Restores Gas Supply to 6 GenCos After Repair of Burnt pipeline
The Minister of Power, Works and Housing, said that it has repaired and restored the western gas pipeline that supplies about six power Generation Companies (GenCos) producing about 3,100 megawatts…
- 14 Oct 2025
FG, GenCos Seal Agreement on N4 trillion Power Sector Debt Payment
The Federal Government has concluded implementation frameworks for a N4 trillion government-backed bond aimed at settling verified arrears owed to power Generation Companies (GenCos) and gas…
- 21 Jul 2026
FG Clears Power Sector Debt as N333bn Paid to GenCos, N729bn Bond Issued
Federal Government has announced the disbursement of about N333 billion to eight electricity generation companies (GenCos) as part of measures to resolve outstanding debts in the power sector. The…
- 14 Apr 2025
GenCos Threaten Nationwide Blackout over N4 Trillion Debt
Association of Power Generation Companies (APGC) has warned of an imminent shutdown of power generation plants due to unpaid invoices totalling over ₦4 trillion. This debt comprises ₦2 trillion for…
- 4 Nov 2015
Transcorp Power Lists Issues Facing GENCOs
Transnational Corporation of Nigeria Plc (Transcorp)’s power subsidiary Transcorp Ughelli Power Plc (Transcorp Power) has detailed the key issues affecting the ability of most Generating Companies…
- 20 May 2017
Gencos to Sell Electricity Directly to Consumers
Babatunde Fashola, Minister of Power, Works and Housing, has declared that eligible power consumers are now free to purchase electricity directly from power generation companies. By declaring…
- 22 Sept 2014
Fears of Banking Crisis over Bad Loans
Some banks in the country are reportedly not making adequate provisions for bad and doubtful loans in their books as mandated by the Central Bank of Nigeria (CBN) and the development may…
- 13 May 2024
Electricity Theft in Nigeria: Impact, Strategies and the Way Forward
By Okoko Chidozie Christian [email protected] ; 09025179984. Epileptic power supply has been a mainstay of Nigerian society and profoundly impacted communities, undermines the access of…
- 6 Sept 2016
CBN to Sanction Banks over Power Fund
Central Bank of Nigeria (CBN) has threatened to sanction any of the participating deposit money banks that contravenes the terms and conditions of the Nigerian Electricity Market Stabilisation…
- 9 Jun 2021
FG in Talks with 4 Countries to Sell Unused Power
Nigeria is in talks with four West African countries to sell unused Electricity to them through a planned $570 million Northcore Power Transmission Line. Authorites believe the power they will be…
- 16 Jun 2020
Nigeria Loses $29Bn Yearly to Poor Power Supply- Lawan
Ahmad Lawan, senate president has said that Nigeria loses about $29 billion yearly to irregular and poor power supply. The Senate President who revealed as he declared open an investigative public…
- 26 Apr 2021
Transcorp Makes New Appointments, Announces New Subsidiary CEOs
Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate a leading investor in the Nigerian energy sector, through the ownership of Transcorp Power Ltd,…
- 28 Aug 2022
CBN’s N2.9Trillion Intervention Saves Banks, Power Sector from Collapse- Report
The lifeline by the Central Bank of Nigeria (CBN) through various intervention funds may have saved Deposit Money Banks(DMBs) and the power sector from imminent collapse, according to t he Sun . Some…
- 19 Dec 2022
PPC Highlights Role of Automation in Regulatory Standards Compliance
The need to minimize error in business processes, meet regulatory requirements and make smarter business decisions is driving the demand for industrial automation and control systems, says PPC,…
- 22 Jan 2023
SERAP Sues Buhari Over Failure to ‘Reverse Unlawful Electricity Tariff Hike’.
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over “the failure to reverse the unlawful, unjust, and unreasonable increase in…
- 24 Dec 2024
NERC Discloses $5.7 Million Debt Owed by International Customers for Q3 2024 Electricity Supply
Nigerian Electricity Regulatory Commission (NERC) has disclosed that international customers owe $5.7 million for electricity supplied in the third quarter (Q3) of 2024. The debtors include…
- 3 Dec 2025
NEC Endorses N100Bn Overhaul of Police and Security Training Facilities
National Economic Council (NEC) has approved the sum of N100 billion, subject to a final ratification by President Bola Tinubu, for rehabilitation of training institutions for police and other…
- 18 Jun 2017
What Nigerian Government Can Do to Help the Tech Ecosystem
Nigeria is no doubt, a great country by all ramifications, based on the natural and human resources it is endowed with. Fact is, however, that it can achieve more greatness if it is serious about…
- 6 Feb 2014
Jonathan Convenes Power Financing Confab @ Aso Rock
President Goodluck Jonathan has convened an International Conference aimed at facilitating financing of power infrastructural development in Nigeria scheduled to hold on Monday, February 10, at the…
- 30 Jan 2014
Signal Alliance Introduces CRM Solutions for Power Sector
In a bid to enhance the experience of customers in the power sector in Nigeria, Signal Alliance, one of the leading systems Integration companies in the country has introduced two Customer…
- 27 May 2014
Nigerians Get New Electricity Tariffs
From June 1, some electricity consumers will pay far lesser than what they are currently paying for fixed charges and energy consumption. A few others, according to the Nigerian Electricity…
- 17 Sept 2014
NBET Appoints Stanbic IBTC to Handle Settlements
Nigerian Bulk Electricity Trading Plc (NBET) has appointed Stanbic IBTC as the payment management services provider, or payment agent, to the Bulk Trader. According to officials, the process took…
- 24 Dec 2014
CBN Signs MoU with DMBs to Boost Power Supply
Central Bank of Nigeria (CBN) has signed another agreement with the Deposit Money Banks (DMBs) in the country to boost power supply in the country. Leading the signing of the agreement on Monday, in…
- 8 Oct 2015
Buhari Rejects New Electricity Tariffs, Wants Improved Power
President Muhammadu Buhari has frowned at the current electricity tariffs, stating that until there is stable power supply in the country, electricity tariffs cannot remain at their current level.…
- 27 Apr 2016
Nuclear Power Dangerous for Nigeria –Sani
Senator Shehu Sani, Senator representing Kaduna Central senatorial district, on Tuesday criticized attempt by the federal government to invest in Nuclear power in the country saying it is not safe…
- 25 Jul 2016
After Data WAR, What Next for Telcos’ Customers
In a ‘Signature Research’ series, an industry leading perspectives on telecoms technology, competition, and market evolution released by Ovum in November 2011, the analysts without much equivocation…
- 11 Nov 2016
No Plans to Revoke Power Privatisation- Fashola
Federal government has no plans to revoke the privatisation of the power sector, said Mr. Babatunde Fashola, minister for Power, Works and Housing. Fashola who spoke at the Fifth European Union…