Nigeria’s power sector: World Bank Board to consider $1bn

Nigeria’s power sector: World Bank Board to consider $1bn 0

🕔19:52, 7.Dec 2017

The officials of World Bank and that of the Federal Government of Nigeria on Wednesday agreed on steps required to be taken before presenting Nigeria’s request for $1bn for consideration by the executive board of the institution. The World Bank,

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Nigerian Mini Grid Electricity Development: $9.2billion Annual Investment Opportunities Revealed – REA

Nigerian Mini Grid Electricity Development: $9.2billion Annual Investment Opportunities Revealed – REA 0

🕔16:52, 6.Dec 2017

During a presentation on Tuesday, December 5, 2017, at the mini-grid action learning event in Abuja as reported by Vanguard, the Managing Director of Rural Electrification Agency (REA), Mrs. Damilola Ogunbiyi, who spoke on “Overview of the Off-Grid Opportunities and

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NERC queries Abuja Disco for over-billing customers

NERC queries Abuja Disco for over-billing customers 0

🕔00:36, 21.Apr 2015

The Nigerian Electricity Regulatory Commission (NERC) yesterday  issued the Abuja Electricity Distribution Company (AEDC) a notice of enforcement action over what it described as ‘manifest and flagrant breaches’ of approved methodology for estimated billing of electricity consumers, The Nation reports.

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FG states conditions for sale of shares in Transcorp, DISCOs, GENCOs to public

FG states conditions for sale of shares in Transcorp, DISCOs, GENCOs to public 0

🕔00:28, 21.Apr 2015

The Director General of the Bureau for Public Enterprises (BPE) Mr. Benjamin Dikki has said that the divestment of some government interests in businesses to private investors will depend on the profitability of such businesses in the long run, The

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NERC calms investors fears over reversal of power privatisation

NERC calms investors fears over reversal of power privatisation 0

🕔00:18, 21.Apr 2015

The chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi, has restated his unwavering commitment to the on-going privatisation of the power sector, saying he does not entertain any fear that the privatisation could be reversed, Leadership reports.

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FG in talks with Russian firm for nuclear power plants

FG in talks with Russian firm for nuclear power plants 0

🕔00:15, 21.Apr 2015

The Federal Government is in talks with Russia’s state-owned Rosatom to build nuclear power plants, as Africa’s most populous nation tries to end of decades of blackouts that has blighted the Nigerian economy, according to a report by Reuters. Africa’s

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Buhari’s oil policy likely to focus on structural reforms first, taxes last – APC

Buhari’s oil policy likely to focus on structural reforms first, taxes last – APC 0

🕔00:12, 21.Apr 2015

Nigeria’s president elect Muhammadu Buhari’s priorities for the oil sector may be focused on ending corruption and reforming the opaque national oil company as opposed to fiscal related issues, All Progressives Congress (APC) sources have confirmed to Reuters. Senator Bukola Saraki,

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Ikeja Disco reiterates commitment to providing smart meters

Ikeja Disco reiterates commitment to providing smart meters 0

🕔00:07, 21.Apr 2015

Ikeja Electric, has reiterated that it will invest $100m (about N20bn) in smart pre-paid meters which will be distributed to its customers for free starting from June, The Punch reports. The company said it would begin a pilot scheme of

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Power supply drops again, falls to 2,988MW

Power supply drops again, falls to 2,988MW 0

🕔00:04, 21.Apr 2015

Power supply from the national grid has again slumped below the 3,000-megawatts mark to 2,988.72MW on the back of gas shortfall and lower water supply to the nation’s thermal and hydropower plants respectively, The Punch reports. Gas-fired power plants generate

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NERC delegates tariff determination to consumers, distribution companies

NERC delegates tariff determination to consumers, distribution companies 0

🕔08:01, 14.Apr 2015

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it is ceding part of its regulatory responsibilities with regards to transparent determination of appropriate tariff payable by consumers in Nigeria’s electricity industry to both consumers and distribution companies in the

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