Power Sector Loses N201.3bn In Six Months - Report   The daily financial losses in Nigeria’s power sector since the beginning of this year have risen to N201.3bn, findings from the Office of the Vice President showed on Wednesday. Data from the Advisory Power Team in the...

Power Sector: Privatising Cuts Ministry Staff By 14,000   The 2013 privatisation of power sector cut staff numbers down from 15,000 to less than 1,000, says power, works and housing minister Babatunde Fashola. Fashola who said this when he inaugurated the Chairman of the Nigerian Electricity Regulatory...

FG: Power Sector Records N154bn Loss In 125 Days   Between January 1 and May 5 this year, the power sector lost about N154bn as a result of the unavailability of gas, distribution and transmission infrastructure, as well as water reserve challenges, the Federal Government has...

Workers Oppose Power Sector Privatisation, 5% Petrol Levy   Nigerian workers on Tuesday kicked against the introduction of a five per cent levy on the Premium Motor Spirit, popularly called petrol, as proposed in the Petroleum Industry Governance Bill that was passed recently by the National...

Power Purchase Agreements Not Cancelled – Adeosun Nigeria’s Finance Minister, Mrs Kemi Adeosun has said that unverified media reports on the purported cancellation of the Power Purchase Agreements (PPAs) signed by the Federal Government with Project Developers in the power sector is untrue. She stated this...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said he will, like other consumers, be more resistant to payment of electricity bill if there is no supply. Fashola said this at the 12th Monthly Power Sector and Stakeholders’ Meeting in Ibadan hosted...