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Nigeria power sector

Oyo abducted pupils and teachers will regain freedom soon, says DIG Fayoade

The South-West Coordinating DIG, Adegoke Fayoade, says abducted schoolchildren and teachers in Oyo State will soon regain freedom, insisting security agencies are focused on rescue, not ransom.

You’re a terrible Prime Minister, Badenoch reacts to Starmer’s resignation

Conservative leader Kemi Badenoch has called Keir Starmer a terrible Prime Minister, blaming Labour policies for the UK's challenges as he resigns.

Nigeria Blew €2.3 Billion on Electricity. The Lights Are Still Out

Five years, €2.3 billion, and a bold promise of 25,000 megawatts. Nigeria's flagship electricity project has collapsed without coming close.

Nigeria Metering Rate Hits 57 Percent But Millions Still Waiting

Nigeria's electricity firms installed 677,942 meters in 2025, pushing the national metering rate to 57.27 percent, but roughly 5.2 million customers still have no meter.

Nigeria’s Power Debt Jumps To N6.5 Trillion As Unpaid Bills Threaten FG Bond Plan

Nigeria’s power sector debt climbs to N6.5 trillion as GenCos get partial payments, putting pressure on the government’s bond plan.

Gencos Push Back Against Nigeria’s Debt Proposal

Gencos reject a federal proposal to forfeit 50 percent of their N5 trillion debt, raising fresh concerns over Nigeria’s fragile power market.

GenCos Lose N2.3 Trillion to Stranded Power Capacity

Nigeria’s power producers have lost over N2.3 trillion to stranded capacity caused by persistent grid failures and weak market structures

Nigeria Issues ₦4 Trillion Bond to Clear Power Sector Debt

Nigeria rolls out a ₦4 trillion bond to settle GenCos’ arrears, restore electricity market stability, and revive investor confidence in the power sector

Transcorp Power Reports 38 Percent Revenue Jump

Transcorp Power posts 38 percent revenue growth and 17 percent profit rise, reflecting higher power generation, cost efficiency, and expanding asset base.

Grid Collapses Attributed To Vandalism, Maintenance Issues

Vandalism and maintenance problems are to blame for Nigeria’s frequent grid collapses, says Minister of Power Adebayo Adelabu, who has a committee suggesting tweaks.

Investigating the recent power outages across Nigeria

Nigeria's power sector faces ongoing outages, infrastructure deficits, and gas supply shortages, hindering economic growth and daily life.

Electricity Tariff Hikes: What Nigerians Are Saying

Tariff hikes deepen frustration as Nigerians face rising energy costs and unreliable service, straining households and businesses alike.

Power Outages Halt Businesses Across Northern Nigeria

Frequent power outages have stalled businesses across Northern Nigeria, causing high operational costs and revenue losses as reliance on diesel generators rises.

IBEDC Sacks Kingsley Achife as Acting Managing Director, Appoints Francis Agoha

IBEDC appoints Francis Agoha as new Acting Managing Director, replacing Kingsley Achife to drive improvements in electricity distribution and service reliability.

Latest articles

Oyo abducted pupils and teachers will regain freedom soon, says DIG Fayoade

The South-West Coordinating DIG, Adegoke Fayoade, says abducted schoolchildren and teachers in Oyo State will soon regain freedom, insisting security agencies are focused on rescue, not ransom.

You’re a terrible Prime Minister, Badenoch reacts to Starmer’s resignation

Conservative leader Kemi Badenoch has called Keir Starmer a terrible Prime Minister, blaming Labour policies for the UK's challenges as he resigns.

Seek help from us, NDLEA tells Nigerians battling drug dependence

The NDLEA has urged Nigerians battling drug dependence to seek help through its 24-hour counselling and referral service, stressing that recovery is possible with support.

Abia Bans Motorcycles in Three Major Cities

KEY POINTS • Abia State has banned commercial motorcycles in Umuahia, Aba and Ohafia starting...