Ikeja Electric to Create Subsidiary The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Lagos State to the Lagos State Electricity Regulatory Commission (LASERC). Lagos Electricity Market Regulatory Autonomy aligns with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the provisions of the Electricity Act 2023 […]Read More
The Minister of Power, Adebayo Adelabu, has revealed plans to boost Nigeria’s national grid capacity by an additional 150 megawatts (MW) before the end of 2024. Adelabu shared this update on Thursday while addressing State House Correspondents after a high-level meeting between German President Frank-Walter Steinmeier and Nigerian President Bola Tinubu at the Presidential Villa […]Read More
Nigerians have experienced another nationwide blackout following the collapse of the national power grid, marking the first grid failure in December 2024. This incident is the fourth grid collapse in the past three months, leaving many parts of the country grappling with prolonged power outages. Some regions are still recovering from the previous total system […]Read More
Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill 2024 into law. This legislation represents a significant step towards the state government’s objective of delivering a 24-hour electricity supply across Lagos, marking a major advancement in its power sector reforms. The bill follows the 2023 decision by the Federal Government to grant […]Read More
Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, to N970 per litre from N990/litre. In a statement released by Anthony Chiejina, the Dangote Group’s chief branding and communications officer, this price cut will take effect immediately for oil marketers. The statement described the […]Read More
The House of Representatives has directed electricity distribution companies (DisCos) in the country to undergo an N500 billion recapitalisation to improve their financial stability and enhance service delivery to Nigerians. This decision followed the adoption of a motion titled “Need to Address the Activities of Distribution Companies in Nigeria,” sponsored by Ayokunle Isiaka, a lawmaker […]Read More
The Yola Electricity Distribution Company (YEDC) has started installing 1,880 meters, using funds from a recently secured N21 billion allocation aimed at enhancing service delivery for its Band ‘A’ customers. YEDC announced it would deploy 1,500 single-phase meters and 380 three-phase meters for Band ‘A’ customers, using N243 million from the N21 billion Meter Acquisition […]Read More
The Federal Government of Nigeria, through the Ministry of Power, has revealed plans to source from the private sector, part of the $10 billion required to provide regular electricity across Nigeria within the next five to 10 years. This formed the crux of the deliberation when Jobson Oseodion Ewalefoh, Director General of the Infrastructure Concession […]Read More
Residents of Akwa Ibom are grappling with a state-wide power outage following the suspension of gas supply to the state-owned Ibom power plant by Savannah Energy, the Ibom Power Company Limited (IPC) has announced. The IPC attributed the blackout to two key issues, the disruption of gas supply to the Ibom power plant and a […]Read More
Chijioke Okuwuokenye, acting managing director of Abuja Electricity Distribution Company (AEDC), has said rising customer debts and overloaded infrastructure are behind distribution companies’ (DisCos) load rejection despite widespread blackouts. Speaking at the fourth Power Correspondents Association of Nigeria (PCAN) annual workshop themed “Ending the Talk, Moving the Action,” Okuwuokenye, represented by AEDC’s chief operating officer, […]Read More
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