30 results
- 16 Feb 2013
FG Goes after Saboteurs of Power Reforms
Federal government has threatened to wield the big stick on saboteurs of Nigeria’s power sector reform exercise and called for support of Nigerians to see to the conclusion of the sector reform.…
- 17 Nov 2009
BPE to Ensure Effective Power Reform
Bureau of Public Enterprises (BPE) has pledged its determination at ensuring an effective electric power reform for Nigeria. Christopher Anyanwu, director general of the bureau who stated this at the…
- 27 Sept 2013
CBN Supports Power Reform with N109Bn
The Central Bank of Nigeria (CBN) said it has disbursed over N109 billion to 20 companies in support of the ongoing power reform in the country. Malam Sanusi Lamido Sanusi, CBN governor, …
- 22 Jan 2014
Cc-Hub Urges Power Reform, Spends $5,000 on Diesel Monthly
Co-creation Hub (Cc-Hub), the nation’s software pre-incubation centre said that it spends in 5,000 monthly on purchase of diesel to power the centre, money which would have been otherwise…
- 2 Jul 2013
AfDB says Reforms Key to Power Africa Success
The African Development Bank (AfDB) will, as part of its support for U.S. President Barack Obama's Power Africa initiative, deepen and expand its work in reforming the energy sector Already a major…
- 14 Jul 2015
30% Rating: Power Improvement in Nigeria Still Elusive- NOIPolls
Power poll results released by NOIPolls Limited for the second quarter of 2015 have revealed that Nigerians have rarely seen improvement in power supply even in the face of power reformation…
- 2 Jan 2013
FG to Borrow $1.15Bn to Boost Power-Maku
The Federal Government is to borrow $1.15 billion for its power reforms this year just as the Niger Delta Power Holding Company (NDPHC) which supervises the National Integrated Power Projects (NIPP),…
- 29 Sept 2013
FCMB Commits to Power Sector Development
FCMB Group has reaffirmed its commitment towards providing the necessary support to ensure the successful implementation of the ongoing reforms in Nigeria’s power sector. This, it stated, is in line…
- 24 Jan 2014
Power Supply Worsened During Privatisation Process
Power poll results released by NOIPolls Limited for the Fourth Quarter of 2013 have revealed that although power supply to households worsened in the fourth quarter, nevertheless majority of…
- 30 Sept 2014
NERC Targets N1trn Revenue from Power Sector by 2016
Dr. Sam Amadi, Chairman, Nigeria Electricity Regulatory Commission (NERC), has said that the revenue from the nation’s power sector would grow to N1 trillion by 2016. Amadi made the projection…
- 24 Feb 2014
BPE Assures on Steady Power Soon
Benjamin Dikki, director general, Bureau of Public Enterprise (BPE) has asked anxious Nigerians desirous of steady public power supply to be patient as new core investors in the sector streamline…
- 23 Dec 2014
World Bank Pledges $1.75Bn for Nigerian Power Sector
The World Bank has pledged $1.75bn to support the Nigeria Power Sector Reform over the next four years, the Bureau of Public Enterprises (BPE) has said. A statement issued by Mr. Chigbo Anichebe,…
- 28 Jan 2019
Estimated Bill to Attract 1 Year Jail Term, N1m Fine
Electricity Power Reform Act (Amendment) Bill 2018 passed by the House of Representatives last Tuesday prohibiting and criminalising estimated billing has proposed a one-year jail term and a fine of…
- 20 Nov 2015
Lamudi Report Shows Fashola Should Face Affordable Housing
Mr. Babatunde Fashola, newly appointed minister already has a laundry list on his agenda to reform the Power, Works and Housing sectors. Many experts are eager to see his agenda focus on plans that…
- 8 Mar 2010
CBN to Boost Domestic Credit
The Central Bank of Nigeria (CBN) is to boost domestic credit by facilitating funds to banks through Development Financial Institutions (DFIs). DFIs are financial institutions that provide long-term…
- 31 Jul 2026
FG to Phase out Power Subsidies from 2027, Rules out Immediate Tariff Hike
Federal Government says it will begin the gradual phase-out of electricity subsidies from 2027 as part of ongoing reforms aimed at improving the sustainability of Nigeria's power sector. The Minister…
- 17 Apr 2013
FCMB Capital Markets, Accugas Ink $225m Gas Deal
Accugas Limited, a wholly-owned subsidiary of Seven Energy, recently closed on a $225 Medium Term Project Finance Facility for its Central Processing Facility (CPF) and second gas pipeline project in…
- 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…
- 5 May 2014
Azura Power Completes Signing $1Bn 450MW Gas Turbine IPP
Azura Power Holdings Limited has completed the signing of the key industry contracts and confirmation on the debt financing of its flagship 450MW Azura-Edo Independent Power Project (“Azura-Edo IPP”)…
- 19 Nov 2013
Signal Alliance, SAP Partner on IT Summit for DISCOs
Signal Alliance, one of the most innovative end-to-end technology solution providers in the country in collaboration with their technical partners – SAP and the Federal Ministry of Power penultimate…
- 17 Jan 2013
Tackle Electricity Supply, World Bank VP Tells Jonathan
Mouktar Diop, vice president, World Bank on a visit to Nigeria has advised the federal government to tackle the problem of inadequate electricity supply if the country is to experience the level of…
- 31 Oct 2013
States Raised N589Bn from Nation's Bourse in 14 years - SEC
State governments have raised N589 billion from the nation's bourse through bonds to finance infrastructure development in the last 14 years, the Securities and Exchange Commission (SEC) has said. Ms…
- 6 Aug 2014
Eaton Opens Office in Nigeria
Global power management company Eaton has opened corporate office in Lagos, Nigeria. The office will serve the needs of Eaton’s customers in Nigeria as well as Western Africa. Shane…
- 5 May 2013
Experts Say Steady Power Supply’ll Boost Economy
Economists have predicted that if Nigeria gets its public electricity grid working 24 hours, the nation would greatly reduce business costs by up to 40 percent and add up three percent to GDP. This…
- 13 Jun 2013
Nebo, Minister of Power in London, Woos Investors
Chinedu Nebo, minister of Power, has said that the divestment of its 80 per cent stake in 10 National Integrated Power Projects (NIPP), when concluded, will overtake gains of the telecommunications…
- 8 Sept 2010
That Move to Address QoS Provisioning
In the rush to expand and chalk up more subscribers, some telecommunications service providers in the country overlook the quality of service provisioning and the result is the widespread below the…
- 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…
- 19 Nov 2021
How COP26 Agreed to Keep 1.5C Alive and Finalises Paris Agreement
COP26 came to an end in Glasgow on Saturday November 13, 2021, with nearly 200 countries agreeing the Glasgow Climate Pact to keep 1.5°C alive and finalise the outstanding elements of the Paris…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the…
- 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…