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...
Electricity: We Pay FG 40% Of $30m Monthly Invoice — Azura MD
The Managing Director of Azura-Edo Power Plant, Mr. Edu Okeke, has disclosed that 40 percent of the company’s monthly invoice of about $30 million to the Nigerian Bulk Electricity Trading Plc (NBET) goes...
