Peter Obi, the Presidential Candidate for the Labour Party stated that he will unbundle transmission lines under a guideline that enables what is produced to be distributed accordingly, adding that if elected Nigeria would declare a state of emergency in […]
Electricity: TCN Boosts Wheeling Capacity To 8,100mw
The Transmission Company of Nigeria, TCN, said yesterday that the national grid wheeling capacity has risen to 8,100 Megawatts, with several other projects intended to expand it further nearing completion. TCN’s General Manager, Public Affairs, Ndidi Mbah in a statement […]
Electricity Consumers Demand New Tariff Reversal
The recent increase in electricity tariff by power distribution companies, as approved by the Nigerian Electricity Regulatory Commission, shows that the Federal Government and Discos are taking Nigerians for granted, power sector experts and consumer groups have said. Speaking on […]
Minister Denies Knowledge Of Electricity Tariffs Increase
Nigeria’s Minister of State for Power, Goddy Jedy-Agba, has denied being aware of an indiscriminate increase in electricity tariffs by the Nigerian Electricity Regulatory Commission. He made this assertion at a public hearing on Electricity reform Bill. At the hearing, members of […]
Electricity Workers Fault Estimated Billing System
The National Union of Electricity Employees (NUEE) yesterday faulted the estimated billing system in the country. “The union doesn’t want to bask in the euphoria of the Act/law which does not provide one Megawatt to the system. The union doesn’t […]
Heavy Electricity Market Debt Choking NDPHC –Ugbo
Niger Delta Power Holding Company (NDPHC) recently cried out over an estimated N100 billion debt owed it by the electricity market. Despite the debt, the company is still intervening in transmission and distribution assets. In this interview, the Managing Director of the company, […]
Why Nigerians Did Not Enjoy Steady Power Supply In 2022—Joy Ogaji
The myriads of problems that bedeviled the power sector were the reasons why Nigerians could not enjoy stable power supply in 2022. According to Joy Ogaji, managing director and chief executive officer of Association of Power Generation Companies (APGC), topmost […]
Power Firms Quietly Slap Customers With Tariff Hike
Electricity distribution companies (DisCos) in Nigeria have quietly increased tariffs by as much as 18.5 percent, with effect from December 1, 2022, leaving customers confused. BusinessDay findings showed that the two Discos in Lagos, Eko Electricity Distribution Company and Ikeja […]
Power: Labour Kicks Against FG’s Injection Of N3trn Into Privatised Companies
ABUJA – The organised Labour on Thursday faulted the injection of over N3 trillion by the Federal Government into the privatised electricity companies owned by individuals, without a commensurate increase in power generation over the past 10 years. Secretary General of […]
ECONOMYNigeria’s Power Sector Records 990 Megawatts Crash As Gencos Lose N1.8tn
Nigeria’s power sector suffered another setback in 2022, this was concluded with the current generation capacity which has collapsed from 6,336.52 megawatts that was recorded in 2021 to 5,346.82MW in 2022. Investors King gathered that this development was revealed on Monday […]