Electricity: Banks To Ensure DISCOs Pay NBET, TCN Debts — CBN       Deposit Money Banks have been requested by Central Bank of Nigeria, CBN, to ensure that Electricity Distribution Companies, DISCOs, pay for consumed power they were provided guarantees. This is part of a renewed effort to...

Power Generation Drops To 3,356MW After New 5,420.30MW Peak       Power generation in the country fell to 3,356 megawatts on Thursday less than two days after a new peak of 5,420.30MW was achieved. The Transmission Company of Nigeria announced on Thursday that the nation’s power industry had...

Electricity Grid Records 5377MW Peak Generation     The Nigerian power grid rose to 5,377 megawatts (MW) peak power generation on Saturday night, a feat attained 18 months after the previous record. The Transmission Company of Nigeria (TCN) disclosed this on Monday. It said the enhanced record occurred at...

Power Grid Has Collapsed 108 Times After Privatisation – TCN     The nation’s electricity grid has collapsed 108 times after the power sector was privatised, data from the Transmission Company of Nigeria have shown. The TCN, which manages the national grid, is still fully owned and operated...

Power Grid Collapses, TCN Reaches 90% Restoration     The Transmission Company of Nigeria (TCN) on Tuesday reported the collapse of the national power grid. The spokesperson for the company said the incident occurred at 11:13am, and that restoration of the grid had reached 90 percent at the...

‘Removing TCN Boss May Stall $1.66bn Transmission Projects’   The Nigerian Power Consumers Forum (NPCF) has said removing the Managing Director of the Transmission Company of Nigeria (TCN), Usman Gur Mohammed, may stall the $1.661 billion multilateral agencies-funded projects targeted at expanding bulk power transmission to...