Nigeria’s ongoing power issues are draining the economy of an estimated $26 billion each year, as highlighted in Standard Bank’s Africa Trade Barometer report. The report also shows that businesses in Nigeria are spending nearly $22 billion annually on off-grid fuel to counteract unreliable electricity, pushing up operational expenses. “In Nigeria, surveyed businesses must contend […]Read More
Elijah Adakole, the Head of Corporate Communications, at Jos Electricity Distribution Company, has said that the reoccurring national power grid collapse affects Distribution Companies’ revenue generation. Adakole, said this in an interview with the News Agency of Nigeria, on Saturday in Jos. For instance, he explained that most of JEDC’s customers were on the company’s […]Read More
Almost 60 percent of Nigerian household are connected to the national grid, a new report has revealed. Overall, 58.2 percent, indicating nearly 6 in 10 Nigerian households, from the surveyed states are connected to the national grid. The Nigeria Residential Energy Demand-side Report 2024 was published by the Nigerian government, which was done by the […]Read More
Adebayo Adelabu, the minister of power, has called an emergency meeting with the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN) following recent disturbances to the national grid, which resulted in widespread blackouts across the country. A statement released by Bolaji Tunji, the minister’s special adviser for strategic communication and media […]Read More
Hexing Livoltek, a global leader in technology, has announced plans to establish a manufacturing facility in Nigeria, focusing on advanced metering systems and solar energy solutions. This move is expected to boost local employment while supporting Nigeria’s growing demand for renewable energy. The announcement was made during a luncheon attended by Adebayo Adelabu, the Minister […]Read More
The pan-Yoruba socio-political group, Afenifere, expressed concern on Saturday about the rising cost of energy, stating that it negatively affects not only the economy but also health and security. Afenifere’s comments follow the sharp increase in petrol prices, with a litre now costing between N1,000 and N1,400, while the price of cooking gas has risen […]Read More
Egbin Power, Nigeria’s largest power generation company, has highlighted the need for stronger collaboration among stakeholders in the energy sector to drive the country’s socio-economic growth. Speaking at the 2024 Nigeria Energy Conference in Lagos, Egbin Power’s CEO, Mokhtar Bounour, stressed the importance of unity in the sector during a panel session themed “Gas to […]Read More
Nigerians have again been plunged into darkness after the national power grid collapsed for the third time in a week. The constant power outages have only deepened frustrations across the country, affecting businesses, homes, and essential services that rely on a stable electricity supply. The latest grid failure occurred early Saturday morning, leaving many states […]Read More
Eko Electricity Distribution Company (EKEDC) is preparing to enhance its operations by introducing the All-In-One (AIO) Vending Platform, designed to boost customer service and simplify the process of purchasing electricity tokens. The upgrade will commence today, October 18, 2024, and is expected to be completed by 6 am on Monday, October 21, 2024. According to […]Read More
The Rural Electrification Agency (REA) has stated that it just crystallised $750 million in funding that would provide electricity access to 17.5 million Nigerians. According to the agency, 1.5 million Nigerians grew interconnected mini-grids to enhance electricity reliability. “Three million of them grew isolated mini-grids to create electricity access for the first time, and about […]Read More
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