First Independent Power Backs FG’s N3.3tn Power Sector Debt Settlement Plan
First Independent Power Limited has confirmed its support for the Federal Government’s N3.3tn power sector debt settlement plan, describing the ...
Read more
Tag: #PowerSectorReform
Nigeria’s Power Generation Stalls Below 4,000MW as Adelabu’s Two-Week Deadline Passes
Power generation in Nigeria has remained below expected levels, despite assurances by the Minister of Power, Adebayo Adelabu, that the ...
Read more
NERC Urges DisCos, Meter Providers to Speed Up Installations to Close Metering Gap
The Nigerian Electricity Regulatory Commission has urged electricity distribution companies and meter asset providers to accelerate the installation of electricity ...
Read more
FG Moves to Clear N4tn Power Sector Debt as Five GenCos Sign Settlement Agreements
The Federal Government has taken a major step towards resolving Nigeria’s estimated N4tn power sector debt burden as five power ...
Read more
NERC Threatens Sanctions as DisCos Lag in Meter Rollout, Refunds
Electricity Distribution Companies (DisCos) are facing increased scrutiny over their slow pace of meter deployment and poor refund performance, as ...
Read moreNERC Approves ₦28bn for Free Metering of Band A Customers Under Tranche B of Meter Acquisition Fund
The Nigerian Electricity Regulatory Commission (NERC) has approved the disbursement of ₦28 billion to electricity distribution companies (DisCos) for the ...
Read more
NERC Clarifies States’ Limits on Power Regulation, Cautions on Tariff Cuts
The Nigerian Electricity Regulatory Commission (NERC) has clarified that state governments do not have jurisdiction over the national electricity grid ...
Read more
States Move to Negotiate Fairer Electricity Tariffs Amid Industry Pushback
Commissioners of energy from Nigeria’s 36 states have expressed readiness to begin negotiations with power distribution companies (DISCOs) over electricity ...
Read more
FG Secures $500 Million World Bank Loan to Boost Power Distribution
Despite the N4 trillion debt burden weighing on Nigeria’s electricity sector, the Federal Government has secured a $500 million loan ...
Read more
FG Seeks $15.5bn Private Sector Investment for Mission 300 Power Project
The Federal Government has disclosed that $15.5 billion of the $32.8 billion needed for the Mission 300 Compact initiative is ...
Read more
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.