The Nigerian Electricity Regulatory Commission (NERC) has slashed electricity tariffs for Band A customers, providing welcome relief to many Nigerians. The reduction is effective immediately. The decision follows a significant drop in the average exchange rate of the Naira to the US Dollar, which has fallen to N1400. This represents a 14 percent decrease from […]Read More
The Federal Government of Nigeria has instructed power system operators to limit the supply of electricity to international customers or off-takers to a maximum of 6% of the total available grid generation per hour. This directive, issued by the Nigerian Electricity Regulatory Commission (NERC), aims to rectify the inefficiencies and inequalities in the current system, […]Read More
The Board of Directors of Seplat Energy has appointed Eleanor Adaralegbe as Executive Director effective May 1, 2024. She will also be the Chief Financial Officer effective May 21, 2024. According to the board, Emeka Onwuka is set to retire as Executive Director of Seplat Energy effective May 1, 2024. The board revealed previously in the half-year 2023 financial […]Read More
Abuja Electricity Distribution Company (AEDC) has stated that the ongoing power outage affecting parts of Abuja is attributed to technical faults on several feeders in the region. According to a statement released Monday in Abuja, the Abuja DisCo’s management identified the affected feeders as L36, H23, H33, and 8. “This is to inform residents in […]Read More
Kano Electricity Distribution Company (Kano DisCo) has issued a statement refuting recent media reports suggesting the company is under the control of banks or the Asset Management Corporation of Nigeria (AMCON). Sani Sani, Kano DisCos’s head of corporate communication clarified that since November 2023, Future Energies Africa (FEA) Limited acquired a 60 percent controlling stake […]Read More
The Federal Government plans to sell the five electricity Distribution Companies (DisCos) managed by banks and Asset Management Company (AMCON) to technical power operators by July 2024. Minister of Power, Adebayo Adelabu, disclosed this during an oversight visit of the Senate Committee on Power to the ministry in Abuja on Monday. The Nigerian government, alongside […]Read More
NERC has handed over regulatory control of the Enugu electricity market to the Enugu Electricity Regulatory Commission (EERC), which is operated by the state government starting May 1, 2024, marking the first time NERC has transferred regulatory authority to a state government electricity regulator. According to NERC’s statement signed by Sanusi Garba and Dafe Akpeneye, […]Read More
The World Bank and the African Development Bank (AfDB) have announced plans to come together and provide access to energy for 300 million Africans by 2030. According to the Banks, the plan will cost around $30 billion and is to be funded by the World Bank through the International Development Association (IDA) and the AfDB […]Read More
The Transmission Company of Nigeria (TCN) said it has restored the national grid which the latest collapse the company blamed on a fire incident at the Afam power generating station. The grid, which collapsed at 02:41am on Monday, left the country with 64.70 megawatts, leaving many in darkness. Ndidi Mbah, general manager, public affairs, TCN, […]Read More
The national electricity grid suffered its sixth grid collapse in 2024, around 2:00 am on Monday, with generation dropping to zero from 2,583.77MW and later partially recovering to 64.7MW around 3 am, followed by a steady recovery that has led to a load allocation of 880MW to Discos as of 11:58 am on the same […]Read More
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