CBN Loan To Manufacturer, Power Firms Soars To N5.6trn   The Central Bank of Nigeria (CBN) intervention in the power, manufacturing and aviation sectors have risen to N5.6tn in three years. The soft loans were advanced amid the continued and varied challenges facing the key sectors of...

Direct Interventions In Power Sector Now N7trn – FG The Federal Government, on Tuesday, said it had spent about N7tn as direct interventions in the power sector despite privatising the electricity generation and distribution arms of the industry since November 2013. It revealed this at a...

Manufacturers Spent N119bn To Generate Power In Nine Years   Expenditure by manufacturers on alternative energy sources (excluding power from distribution companies) jumped by 82 per cent, from N25bn in 2014 to N144bn in 2022. This is according to data collated from the annual and bi-annual reports...

NNPCL Not Receiving Payments For Gas, Power Supplies – Kyari   The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday said it is not getting payments for the supply of gas and power. It said it was one of the reasons why energy was not readily available...

FG Issues 50 New Power Generation, Metering Licences   The Federal Government in the last quarter of last year issued 50 new power generation and metering permits. A report by the Nigerian Electricity Regulatory Commission (NERC) stated that it approved the issuance of two new generation licences...

$2.8bn Gas Pipeline Ready to Power 3,600MW plants, Says FG The Vice President, Prof. Yemi Osinbajo, on Monday announced that the $2.8bn Ajaokuta-Kaduna-Kano natural gas pipeline project being constructed by the Federal Government through the Nigerian National Petroleum Company Limited and its partners, is now...