Power Sector Loses N117.8bn To Gas Shortage   Between January 1 and March 6, Nigeria’s power sector lost N117.8bn, investigation has shown. Findings showed that the sector kept losing billions of naira daily, as it lost as much as N2bn daily in some days during the period...

Power Sector Loses N19.15bn In Ten Days   The nation’s power sector lost an estimated N19.15bn in 10 days due to constraints from insufficient gas supply, distribution and transmission infrastructure. The losses were recorded in the 10 days to February 14, 2020, according to data from the...

Reps To Buhari: Declare Emergency On Power Sector   The House of Representatives has called on President Muhammadu Buhari, to declare a state of emergency in the power sector. The call followed the unanimous adoption of a motion on the power sector at the plenary on Thursday. A...

Power Sector: Govt’s N1.5trn Intervention Unsustainable, Ineffective - AfDB Government’s intervention in Nigeria’s power sector has not only been ineffective but also unsustainable, the African Development Bank has said. AfDB’s acting Vice President, Power, Energy, Climate Change and Green Growth, Mr Wale Shonibare, said this in...

CBN’s Support To Power Sector Now N1.695trn     The financial support provided by the Central Bank of Nigeria (CBN) to Nigeria’s power sector is set to hit a total of N1.695 trillion, making it the single largest creditor to the sector, an analysis of a report...

In Nine Months, Power Sector Loses N472bn   The Nigerian electricity supply industry lost a sum of N472.23bn between January and September this year, according to reports put together by the Advisory Power Team in the Office of the Vice President. The daily reports of the power...