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,...

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...