TCN Reveals Reason Behind National Grid Collapse The Transmission Company of Nigeria (TCN) says that the national grid is fully restored after what it described as partial disturbance at about 15.09Hrs on Saturday. In a statement signed by its General Manager Public Affairs, Ndidi Mbah, on...

Railway Debt Servicing Surpasses Revenue in Q1 2024 by Over 2,000% Nigeria spent more on servicing the debt incurred for building its railways than the revenue generated by its railway system in the first quarter of 2024. The country spent 2,470% per cent more on railway...

National Grid Records Fourth Collapse in 2024 Nigeria’s Power grid has collapsed again for the fourth time in 2024 with the nation currently generating 0.80 Mega watt of electricity. A check on the website of Independent System Operator, an autonomous arm of the Transmission Company of...

ECOWAS Finance Ministers, Central Bank Governors Convene to Mull Over Single Currency Finance Ministers and Central Bank Governors from across the Economic Community of West African States (ECOWAS) convened in Abuja to tackle the possibility of launching the single currency, the ECO. This initiative, envisioned to...

Nigeria to Host $5bn African Energy Bank Nigeria has been granted the hosting right for the $5bn African Energy Bank after beating Ghana, Benin Republic, Algeria, South Africa and Cote d’Ivoire in a keenly contested bidding. The Minister of State, Petroleum Resources (Oil), Heineken Lokpobiri, told...

Rural Electrification: FG Signs 1,265MW Renewable Energy Agreement The Rural Electrification Agency (REA) has signed a Memorandum of Understanding with five private developers to deliver 1,265 MW of renewable energy projects across Nigeria. The deal, signed on July 4, 2024, aims to electrify rural and peri-urban...