Power Sector Lost N2.17bn, 73MW on Election Day - Report   Nigeria’s power sector lost N2.17 billion and 73 megawatts of electricity last Saturday when the country held the presidential and National Assembly elections, a report by the Office of the Vice President, Prof. Yemi Osinbajo,...

Power Sector Losses N487bn Revenue In 11months Data from the Office of Vice President, Prof. Yemi Osinabajo, indicated that between January 1 and November 30, 2018, Nigeria’s privatised power sector lost a total of N487bn revenues due to constraints which included shortage of gas; grid...

CBN’s Support To Power Sector Useless Without Reliable Data   Electricity generation companies (Gencos) operating in Nigeria’s electricity market have said that the market does not have a reliable data bank at the moment. This, according to them would greatly impair the value of various fiscal support...

Power Loses N381bn As Supply Stagnates At 3,761MW Nigeria’s Power Sector has struggled to sustain an average daily supply of 3,761mw within the first nine months of 2018, according to a performance trend data obtained from the office of the Vice President, Prof. Yemi Osinbajo. The...

NERC Records Power Sector Shortfall As N112bn In Q1 The Nigerian Electricity Regulatory Commission (NERC) has put the total financial shortfall recorded by Nigeria’s Electricity Market within the first quarter of 2018 at n112 billion. The NERC said in its first quarter (Q1) 2018 operational report...

Discos: We Were Eligible To Only N58bn Of CBN’s Power Sector Fund   The electricity distribution companies (Discos) have said the Central Bank of Nigeria (CBN) reserved just about N58.45 billion or 27.75 per cent of its N213 billion power sector intervention fund for the Discos,...