$10bn Required to Bridge Power Distribution Gap - FG       The federal government has said about $10 billion would be required to bridge the electricity distribution infrastructure deficit gap in the country. Speaking at the weekend during a television interview, Special Adviser to President Muhammadu Buhari on...

Power Sector Loses N26.4bn To Gas, Grid Challenges         The power sector has continued its sub-optimal performance in January, losing about N26.4 billion in revenues in the first month of the year, mainly due to gas supply issues as well as transmission and distribution challenges in...

Power Sector Deficit Hits N396.86bn In Nine Months         The liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos, to Nigerian Bulk Electricity Trading, NBET, Plc., has increased to N396.86 billion, indicating an increase of seven per cent, compared...

Power Sector Loses N20.5bn Revenue As Load Rejection Lingers         About N20.5bn revenue was lost by Nigeria’s power sector between January 1 and 22, 2021, as operators in the business complained that energy was still being rejected by distributors. Data obtained from the Federal Ministry of Power...

TCN Faults N1.5trn Intervention In Power Sector         The about N1.5tn intervention of the Federal Government in the power sector is not reflecting in the current performance of the industry, the Transmission Company of Nigeria said on Thursday. According to TCN, the intervention was done to boost...

Gas Producers Seek Full Payment From Power Sector         The Nigerian Gas Association and other stakeholders have said the liquidity issues that hamper returns from the power sector should be speedily resolved to address legacy debts and facilitate full recovery of gas revenues from the Nigerian...