FG, GenCos Disagree Over N4tn vs N6.3tn Electricity Debt
The Federal Government and power generation companies are at odds over the size of outstanding debts in Nigeria’s electricity market, ...
Tag: Power Sector
Power Sector Reforms Attract Over $2 Billion in Fresh Investments
The Minister of Power, Mr Adebayo Adelabu, has announced that ongoing reforms in Nigeria’s electricity sector have attracted over $2 ...
Akwa Ibom Targets Power and Maritime Investment
Governor Umo Eno of Akwa Ibom has reaffirmed his administration’s commitment to deepening reforms and attracting investment in the power ...
Lagos to Host Energy Summit 2026 to Drive Power Sector Investment
The Lagos State Government has unveiled plans for the second edition of the Lagos Energy Summit, scheduled for May 18 ...
Transcorp Grows Profit by 44% to N135.9bn, Assets Cross N1tn Mark
Transnational Corporation Plc (Transcorp) has reported a 44 per cent increase in Profit After Tax to N135.9 billion for the ...
Nigeria Eyes $5.7bn Chinese Investment for Industry
In a significant move to bolster Nigeria’s industrial base, the Federal Government has entered advanced negotiations to secure $5.7 billion ...
GenCos Warn N6.5 Trillion Debt Threatens Power Sector Collapse
Nigeria's electricity generation companies are now owed approximately N6.5 trillion by the federal government, according to Joy Ogaji, Chief Executive ...
GenCos Slam NLC Over Extortion Allegations
The Association of Power Generation Companies (APGC) has issued a scathing rebuttal against the President of the Nigeria Labour Congress ...
Stalled Hydro Projects Deepen Nigeria’s Persistent Power Crisis
Despite Nigeria’s immense water resources, the nation’s electricity supply remains precarious as 58 percent of identified hydroelectric projects remain "frozen" ...
FG to Share Electricity Subsidy Costs with States, LGs from 2026
The Federal Government has announced plans to discontinue the practice of bearing electricity subsidy costs alone, unveiling a framework that ...
