Nigeria’s Power Plants Operate at Just 30% Capacity as 70% of Generation Assets Sit Idle
The upstream segment of Nigerian Electricity Supply Industry (NESI) recorded severe underperformance in March 2026, with only 30 per cent ...
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Tag: #NigeriaPower
Adebayo Adelabu: FG Moves to Tackle Gas Shortages Affecting Electricity Supply
Nigeria’s federal government has announced fresh measures to address persistent gas shortages undermining electricity generation, as power supply continues to ...
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REA Disburses N3.2bn to Zanoplus for Solar Mini-Grids in Bauchi
The Rural Electrification Agency (REA) has disbursed N3.2bn to Zanoplus for the deployment of solar mini-grid projects across Bauchi State, ...
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Nigeria’s Power Sector Faces Renewed Strain Amid Gas Supply Disputes
Nigeria’s electricity supply chain is under renewed pressure as financial and contractual disputes between Generation Companies (GenCos) and gas suppliers ...
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REA-Lotus Bank Deal Yields First Result as Firm Secures N7.4bn for Ebonyi Power Project
Barely weeks after signing a landmark N100bn agreement, the partnership between the Rural Electrification Agency and Lotus Bank has begun ...
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Transcorp Secures Breakthrough Deal to Recover Multi-Billion Naira Power Debts
Transnational Corporation Plc has announced a major breakthrough in resolving long-standing liquidity challenges within its power business, confirming strategic settlement ...
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EKEDC Announces Three-Day Power Outage in Lekki for Network Upgrade
Eko Electricity Distribution Company (EKEDC) has announced a scheduled three-day power outage in the Lekki District of Lagos to enable ...
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REA Launches Largest Publicly Funded Renewable Electricity Programme in Nigeria
The Federal Government of Nigeria is implementing what is being described as the largest publicly funded renewable electricity programme in ...
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DisCos Revenue Drops to N208.78bn in November Despite Higher Billing
Nigeria’s power distribution companies (DisCos) recorded N208.78 billion in revenue in November 2025, according to the Nigerian Electricity Regulatory Commission ...
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Solar Power Becomes Cheaper Than National Grid Electricity in Nigeria
Solar power has, for the first time, become cheaper than electricity supplied from Nigeria’s national grid, marking a significant turning ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.