Banks Suffer N100bn Bad Loans In Power Sector   A total of N100.42bn loans advanced by the nation’s banks to power firms have been recorded as non-performing, the latest data from the National Bureau of Statistics have shown. The power and energy sector, out of 22 sectors/business...

Nigeria’s Power Sector Can Be Salvaged - BPE   The Bureau of Public Enterprises (BPE) has said that Nigeria’s electricity sector reform that saw the privatisation of the generation and distribution companies of defunct Power Holding Company of Nigeria (PHCN) but now facing difficulties can still...

Power Sector: EU Invests N53.9bn In Nigeria The European Union on Tuesday announced that it had committed over €156.3m (N53.9bn at N344.88 to one euro) in different financing instruments in Nigeria’s power sector. It, however, regretted that the country’s power sector was losing N1.3bn daily despite...

Ex-Amcon Boss: Power Sector Can Attract $30bn In Three Years A former Managing Director of the Assets Management Corporation of Nigeria has said the liberalisation of the nation’s power sector will attract over $30bn of investment to the sector in the next three years. Chike-Obi, who...

Five Years After Privatisation Blame Game Still Rocks Power Sector The nation’s power sector is still in crisis with operators trading blame, more than five years after privatisation. When the Federal Government handed over the nation’s electricity generation and distribution companies to private investors in November...

Power Sector Loses N44.3bn In February Despite Output Data from the Office of Vice President, Prof. Yemi Osinbajo, indicated that last month, Nigeria’s privatised power sector lost a total of N44.38 billion revenue due to constraints which included shortage of gas; grid unreliability and distribution...