Nigeria Cancels $717.7 Million World Bank Power Sector Fund
Nigeria has cancelled $717.7 million in undisbursed funding under a World Bank-supported electricity reform programme, dealing another blow to efforts ...
Tag: Power Sector
PEEMADI Backs Kogi Electricity Reform With Technical Support
The Power Equipment and Electrical Machinery Development Institute (PEEMADI) has pledged to support the ongoing electricity sector reforms in Kogi ...
Millions of Nigerians Still Without Prepaid Meters – NERC
Nigeria’s electricity sector is still facing a major metering challenge, as more than five million electricity users remain without prepaid ...
Nigeria’s Metering Gap Persists Despite 241,000 New Electricity Meters Installed
Nigeria’s electricity distribution companies (DisCos) installed more than 241,000 electricity meters within the first two months of 2026 as efforts ...
Transcorp Declares N20.3bn Dividend as Profit Rises in 2025
Transnational Corporation Plc (Transcorp) has announced a total dividend payout of N20.3 billion to shareholders following a strong financial performance ...
Transcorp Commends FG as Power Sector Debt Repayment Begins
The President and Group Chief Executive Officer of Transnational Corporation Plc, Owen Omogiafo, has revealed that the Federal Government has ...
Ibadan Electricity Workers Kidnapped in Oyo State
The Ibadan Electricity Distribution Company has confirmed the abduction of an unspecified number of its workers along the Ibadan-Fiditi road ...
Adelabu Leaves Power Sector with Mixed Results as Reforms Continue
The tenure of Nigeria’s Minister of Power, Chief Adebayo Adelabu, officially ended on April 30, 2026. His time in office ...
Reps Order Electricity Firms to Refund N55.42 Billion Over Failed Metering Programme
The House of Representatives has instructed 11 electricity distribution companies (DISCOs) to return a total of N55.42 billion they received ...
Nigeria Approves $2.99bn Rail Projects and Major Aviation Reforms
The Federal Executive Council (FEC) has approved three major rail projects worth $2.99 billion as part of efforts to modernise ...
