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Nigeria power sector

News

Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
Politics

Xenophobia: Nigeria weighs sanctions against South Africa

Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.
News

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.
News

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.
News

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.
News

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.
News

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
News

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
Business

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.
News

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.
News

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.
Business

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.
News

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.
News

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.
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News

Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
Politics

Xenophobia: Nigeria weighs sanctions against South Africa

Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.
News

Agriculture records 3.15 percent GDP growth to N11.87trillion in first quarter

Nigeria's agricultural sector grew 3.15 percent year-on-year to N11.87trn in the first quarter of 2026, with crop production leading the gains at N8.9trn, the NBS says.
News

Nigeria among world’s most expensive countries for airline operations, says IATA

IATA has named Nigeria one of the world's most expensive countries for airline operations, blaming high taxes and charges that keep local carriers from competing.