Electricty
Power Distribution Companies Earn N292.71bn in Q1 Despite Consumer Complaints and Debt Issues
Power distribution companies in Nigeria generated a total revenue of N292.71 billion in the first quarter of this year, even...
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Federal Government Defends Electricity Tariff Hike Despite Labour Opposition
The Federal Government has stood firm in its defense of the recent electricity tariff hike and the removal of subsidies...
Read moreSixth Power Grid Collapse Hits Nigeria in 2024
Nigeria experienced its sixth power grid collapse of 2024 on Monday, plunging parts of the country into darkness as electricity...
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NERC Defends Electricity Tariff Hike, Cites Improved Supply Prospects
Just a day after implementing a significant increase in electricity tariffs for premium customers by over 230 percent, the Vice...
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Transcorp Power Plc Releases Audited FY2023 Results; Grows Topline by 57.03% and Profit by 75%; Declares Dividend of N3.13.
Transcorp Power Plc (“Transcorp Power” or the “Company”), one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation...
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FG Plans N300 Billion Procurement for Prepaid Meters
In a bid to address Nigeria's significant metering gap, the Federal Government has announced plans to procure 12.5 million prepaid...
Read moreTCN Enhances Power Transmission in Port Harcourt with New Transformer Installation
The Transmission Company of Nigeria (TCN) has announced the commissioning of a 100MVA 132/33kV power transformer at its Port Harcourt...
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Federal Government Rejects Total Removal of Electricity Subsidies Amidst Economic Hardships
In a recent address in Abuja, Minister of Power, Adebayo Adelabu, dismissed suggestions for the complete removal of electricity subsidies,...
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FG Hands Over Zungeru Hydroelectric Power Plant to Penstock Limited
In a significant development aimed at bolstering Nigeria's power generation capacity, the Federal Government officially transferred the operations of the...
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FG Attributes Low Electricity Supply to N3 Trillion Debt to Gas and Power Companies
In a press briefing on Wednesday, the Minister of Power, Adebayo Adebayo, revealed that the federal government's outstanding debt of...
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