For the federal government to take the nation’s economy out of its recession and place it on a sustainable growth path,  there must policy reforms in  oil, power, mining, aviation sectors. The is the assertion  of analysts at Afrinvest (W.A) Limited, a Lagos based investment banking firm in its Economic and Financial...

The Nigerian Electricity Regulatory Commission (NERC) has responded to claims by the 11 electricity distribution companies (Discos) that its regulatory actions contributed to the current N809.8 billion revenue shortfall of the electricity market. Through their association – the Association of Nigerian Electricity Distributors (ANED), the...

An updated metering report in the power sector has said only 161,640 customers got meters between January and October 2016. Most of the 11 electricity Distribution Companies (DisCos) may not attain their annual target of installing 100,000 meters this year due to foreign exchange crisis...

The President, Nigerian Gas Association (NGA), Dada Thomas lamented that players in the gas industry are running out of cash as a result of the N110 billion debt customers are owing gas producers. Thomas, who is also the Managing Director, Frontier Oil Limited, spoke to...

The Central Bank of Nigeria has unveiled sanctions grid to Deposit Money Banks participating in the disbursement of the N213bn Nigeria Electricity Market Stabilisation Facility, popularly called power sector intervention fund. The sanctions were contained in a five-page circular posted on the CBN website on...

ABUJA Electricity Distribution Company, AEDC, has stated that its indebtedness to electricity generating companies, GENCOs, was not deliberate and blamed the development on challenges confronting the power sector. Director, Corporate Services, AEDC, Mr. Abimbola Odubiyi, in an interview in Abuja, attributed the indebtedness to...