CBN Reveals Earnings From Electricity Export Drop By 27%   Nigeria’s electricity export crashed by $58.1m in one year amid grid collapse. Data from the Central Bank of Nigeria showed that the value of Nigeria’s electricity export was $213.66m in 2021 but dropped to $155.56m in 2022....

DisCos Raked In N202.62bn Revenue In Q3, 2022   The National Bureau of Statistics (NBS) said the 11 electricity Distribution Companies (DisCos) collected N202.62 billion revenue in the third quarter of 2021 (Q3 2021). It rose by 7.54 per cent from the N188.11 billion collected in the...

International, Bilateral Electricity Consumers Owe Nigeria N4.71bn   International and bilateral power consumers that get supply from Nigeria owe the country about N4.71bn, figures obtained on Sunday from the Nigerian Electricity Regulatory Commission (NERC) showed. It was gathered that the 10 international, bilateral and special power consumers...

'Nigeria, Africa Require $40bn For Stable Electricity'   Nigeria and African countries will require an average of $40bn power grid investments annually for about five years to deliver stable electricity to citizens on the continent, the Group Managing Director, Sahara Power Group, Kola Adesina, has said. He...

JUST IN: Power Generation Bounces to 4,173.20Mw   The Nigerian electricity supply on Wednesday bounced to 4,173.20Mw from a total of 2,931Mw on Tuesday. According to our findings, only 17 power plants were operational as at Tuesday as the National Control Centre, Oshogbo directed some of the...

World Bank To Raise $127bn For Mini-grid Power Funding   The World Bank Group will be raising $127 billion for mini-grip power funding by 2030. The bank said it will be leveraging development partner funding and government investment to “crowd in” private-sector finance for the project. It explained...