Power: Discos Rake in N5bn Revenue in 2024 The electricity distribution companies monthly revenue increased from N95bn in January to N100bn in March 2024 amid complaints of low power generation. According to data released by the Nigerian Electricity Regulatory Commission, N97bn revenue was generated in February. The...

Tinubu: After One Year, Where is the Light  By Lawal Dahiru Mamman The power sector has long been a critical concern in Nigeria. Prior to the 2023 general elections, President Bola Ahmed Tinubu promised, in his manifesto, to revamp this important sector of the economy. "Nigeria's growth...

NERC Warns Discos from Disconnecting Electricity Customers without Written Notification NERC is the body empowered to meet the yearnings of Nigerians for stable, adequate and safe electricity supply. The Commission, in a public notice released on Saturday, said it has taken the bull by the...

FG Promises Speedy Completion of 378MW Imo Power Plant The Federal Government has promised accelerated completion of the 378.3 megawatts Egbema Power Plant in Imo State, saying it is currently 70 per cent completed. The Minister of Power, Adebayo Adelabu, gave the assurance at the weekend...

International Electricity Consumers Fail to Remit $51.26m – FG International consumers failed to remit about $51.26m to Nigeria for electricity exported from Nigeria to the power users in 2023, the Federal Government revealed in the latest industry data showing the non-remittances by the consumers. Also, another...

Discos Rake in N1.1tn as FG Spent N629bn on Electricity Subsidy in One Year The Nigerian Electricity Regulatory Commission data has revealed that the Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during...