FG’s Interventions In Power Sector Hits N1.5trn, Says Osinbajo   Despite the privatisation of Nigeria’s power sector, the Federal Government’s financial intervention in the industry has risen to N1.5trn, Vice-President Yemi Osinbajo, has said. He said this as indication emerged that no power distribution company in Nigeria...

Buhari Approves N600bn Intervention Fund For Power Sector   The power sector is going to get another intervention of N600bn from the Federal Government very soon. President Muhammad Buhari has signed for the release of the funds; it was gathered on Wednesday in Abuja. The Market Operator, Transmission...

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...