30 results
- 15 Jun 2015
NERC Licenses 4 Firms to Generate 774 MW of Electricity
The Nigerian Electricity Regulatory Commission (NERC) has issued on-grid licences to four companies to generate 774 megawatts (MW) of electricity. The companies are to generate electricity from solar…
- 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…
- 28 May 2020
Umeh Urges FG to Further Explore Gas as Nigeria’s Future
Following the recent global plunge in oil prices primarily as a result of the Covid-19 pandemic, the CEO of a power generating company, Century Power Generation Ltd, Dr. Chukwueloka Umeh says there…
- 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…
- 12 May 2013
Rapid Population, Poor Infrastructure Bane of Public Power Supply-Nebo
Nigeria’s generation and distribution companies are channelling their efforts into boosting the country’s electricity capacity as part of a drive to encourage greater private sector participation in…
- 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…
- 29 Jul 2013
Top 5 Tips to Generate New Business via Online Conversion
Can your company’s website generate new business? Kanu Iroegbu, Digital Marketing Consultant, Netmedia Reach Solutions Limited, believes such platform could turn a honeypot if well harnessed.…
- 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…
- 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…
- 2 Sept 2015
Intel Launches 6th Gen Intel Core Processor
Intel Corporation has introduced the 6th Generation Intel Core processor family, the company's best ever processor. The 6th Generation Intel Core processor delivers enhanced performance and new…
- 22 Feb 2018
Oracle Forecasts Big Things for Big Data this Year
Companies generate massive amounts of data, and this will rise exponentially as new computers and sensors are connected to the system. This huge amount of data is unusable if companies do not know…
- 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…
- 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…
- 13 Oct 2025
Transcorp Power Posts N91.2bn Profit Before Tax as Revenue Surges 38% in Q3 2025
Transcorp Power Plc, a leading power generation company and subsidiary of Transnational Corporation Plc (Transcorp Group), has announced its unaudited financial results for the third quarter ended 30…
- 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…
- 28 Jul 2025
Transcorp Power Posts Strong Half-Year Profit, Declares ₦11.25Bn Dividend
Transcorp Power Plc, one of Nigeria’s foremost electricity generating companies and a key subsidiary of Transnational Corporation Plc, has reported a robust financial performance for the half-year…
- 24 Aug 2009
Telcos, Banks Spend N201Bn on Generators
Telecommunications and banking industries, two outstanding sectors in the Nigerian wobbling economy have spent some N201 billion to acquire generators to power their operations as the country’s…
- 6 Jul 2026
FG orders FCCPC probe of Big Tech over alleged exploitation of Nigerian media
Federal Government has directed the Federal Competition and Consumer Protection Commission (FCCPC) to investigate major global technology companies and Generative Artificial Intelligence (AI)…
- 16 Jun 2021
Ericsson Says 5G’ll Become Fastest Adopted Mobile Generation in History
Ericsson, a multinational telecommunications company says that 5G will soon become the fastest adopted mobile generation in history. Ericsson made this known in a statement on Wednesday in Lagos,…
- 4 May 2023
Zoho Integrates ChatGPT with Zia to Strengthen Generative AI Capabilities
Zoho Corporation, a leading global technology company, on Thursday announced execution plans and ongoing investment in AI, beginning with the launch of 13 generative AI Zoho application extensions…
- 3 Jun 2026
DisCos Generate N597.6bn Revenue in Q1 2026 Amid Ongoing Power Supply Challenges
Electricity Distribution Companies (DisCos) in Nigeria generated a total of N597.55 billion in revenue during the first quarter of 2026 despite persistent power supply challenges and consumer…
- 14 Sept 2015
Actis Announces Globeleq Africa Exit
Globeleq, a company owned by Actis, the pan-emerging market investor, has completed the sale and transfer of Globeleq Africa, the leading power generation platform in Africa, to a company owned by…
- 26 Nov 2020
Sophos Reveals Cyber Threat Patterns for 2021
Sophos, next-generation Cyber Security Company, has revealed the pattern cyber attackers will adopt to ravage and corporate in 2021. According to the company, the report provides a three-dimensional…
- 23 Jun 2021
Samsung Outlines 6G Tech Evolution Vision
Samsung Electronics has unveiled the company’s vision for 6G technology, saying it is staying ahead in preparing for new generations of wireless technologies. The company held a virtual event on…
- 8 Mar 2018
PHCN: Reps Accuse Banks of N2Bn, $3.8m Fraud
House of Representatives said it would probe the alleged loss of over N2 billion and $3.8 million as a result of the non-payment of interest by banks from sale proceeds of the Power Holding Company…
- 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…
- 30 May 2014
Thefts, Others Hobble Power Sector
Thefts, infrastructure vandalisation, obsolete equipment due to either low or poor maintenance amongst other reason have combined to hobble the newly privatised power sector. These revelations were…
- 9 Apr 2014
Century Power to Raise $700m for 1500MW Power Plant
Century Power Generation, an indigenous energy company, plans to raise $700 million to finance the first phase of a 1,500 megawatt (MW) power plant. Chukwueloka Umeh, chief executive officer of the…
- 9 May 2018
Nasarawa to Establish Biggest Solar Power Plant in Africa
Nasarawa State Government has signed a Power Purchase Agreement (PPA) with Kuber Power Limited (KPL) on an Eligible Customer Basis which allows licensed generation company to access underserved…
- 29 Nov 2020
FG Rakes in ₦416.01Bn from CIT in Q3 of 2020
National Bureau of Statistics (NBS) revealed that Nigeria in the third quarter of 2020 (Q3 2020) generated ₦416.01 billion from Company Income Tax (CIT). CIT is a tax on the profits of incorporated…