TCN Secures $1.4bn to Expand National Grid, Raises Capacity to 8,700MW
The Transmission Company of Nigeria (TCN) has secured more than $1.4bn, equivalent to about N1.87tn, in loans and grants from ...
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Tag: #NigeriaPowerSector
FG Plans Small-Scale Hydro Projects for 21 Idle Dams Along Sokoto-Badagry Road
The Federal Government says it is developing a policy on small-scale hydro projects to convert 21 idle dams discovered along ...
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TCN Arrests Suspect Over Vandalism of Six Transmission Towers, Recovers Stolen Components
The Transmission Company of Nigeria (TCN) has announced the arrest of a principal suspect linked to the vandalism of six ...
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FG Plans Electricity Subsidy Phase-Out From 2027 Amid Power Sector Liquidity Crisis
The Federal Government has announced plans to begin phasing out electricity subsidies from 2027 as part of broader reforms aimed ...
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FG Unveils Plan to Establish Renewable Energy Firms to Rival DisCos
The Federal Government has unveiled plans to develop a new category of renewable energy companies that will eventually compete directly ...
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Nigeria Cancels $717.7m World Bank Power Sector Funding Amid Electricity Crisis
Nigeria has cancelled $717.7 million in undisbursed financing under the World Bank-backed Power Sector Recovery Performance-Based Operation (PSRO), dealing a ...
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FG Cancels $717.7m World Bank Power Sector Loan Amid Rising Tariff Crisis
The Federal Government of Nigeria (FGN) has cancelled $717.7m in undisbursed financing from the World Bank for Nigeria’s struggling electricity ...
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Nigeria’s DisCos Generate N196bn in February as Revenue Collection Slips Slightly
Electricity distribution companies (DisCos) in Nigeria generated a total of N196 billion in revenue in February 2026, according to the ...
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FGN Accelerates Power Infrastructure Projects in Ebonyi, Enugu Under Presidential Power Initiative
The Federal Government, through the FGN Power Company, is intensifying efforts to strengthen electricity infrastructure in Ebonyi State and Enugu ...
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DisCos Remit N77.99bn in Q4 2025, Performance Drops to 91.19% — NERC
Nigeria’s electricity distribution companies have remitted a total of N77.99 billion to the market in the fourth quarter of 2025, ...
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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.