…Osifo attributes high petrol prices to FX rate … says petrol price may drop to under N600/L, if Naira strengthens to below N1,000 per $ . Oredola Adeola The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has…
“TCN requires N2.779 trillion to complete 149 power projects nationwide,” says Adelabu … reveals “Power generation rises from 4,100MW to 5,270MW in one year” Oredola Adeola Nigeria’s Minister of Power, Chief Adebayo Adelabu, has revealed that the Siemens power…
…restoration efforts boost capacity from 73MW in 2024 to 230MW in 2025, with phase 1 completed …available capacity opened for bilateral deals to boost supply to commercial, industrial clusters in Edo, environs Oredola Adeola After extended operational downtime, the…
… appoints Engr. Odubiyi, former NERC Commissioner, as Chair Oredola Adeola The Lagos State Government has approved a five-member board for the Lagos State Electricity Regulatory Commission (LASERC), chaired by Abimbola Odubiyi, to oversee and regulate electricity market…
… ending blanket electricity subsidy, with ₦5,000 monthly relief worth 25 kWh for low-income households … activation of PCAF, full cost-reflective tariffs by Q1, 2025 Adetayo Adegbemle Nigeria’s Electricity Supply Industry (NESI) is grappling with persistent financial instability, largely driven…
…orders EKEDC, Ikeja Electric to create subsidiaries for Lagos electricity market. … Lagos joins list as 8th state approved by NERC Oredola Adeola Two weeks after Lagos State Governor Babajide Sanwo-Olu signed the Lagos Electricity Bill 2024 into law,…
… aims to drive cost-reflective pricing for dedicated power generation facilities Oredola Adeola As part of efforts to establish cost-reflective tariffs for dedicated power generation facilities, the Nigerian Electricity Regulatory Commission (NERC) has directed all mini-grid developers in…
… as work on Phase 2 (6MW) begins Governor Makinde decries year-long delay in securing NERC clearance for Oyo IPP Oredola Adeola The Oyo State Government has commissioned the first phase of its 11 MW Independent Power Project (IPP), a…
“We are implementing ‘super grid’ solutions to end frequent collapse, ensure stability”- Adelabu “Cost-reflective tariffs, market discipline key to power sector reforms… electricity subsidy regime poorly structured” – says Olowoniyi, CTA Oredola Adeola The Transmission Company of Nigeria (TCN) has…
Increased remittance of DisCo to TCN, GenCos: Revenue collection soars by 81.8% in one year, hits ₦160bn in July 2024 – Dr. Ali, NERC Commissioner Oredola Adeola The Federal Government’s annual electricity subsidy has risen significantly to ₦2.4 trillion…
