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Nigeria power sector

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Sharia Council raises alarm over rising insecurity, urges FG to act

The Supreme Council for Shariah in Nigeria has raised alarm over worsening insecurity, urging the Federal Government to take urgent, decisive steps against killings, kidnappings and banditry.
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Nigeria’s economic reforms working but poverty increasing, says IMF

The IMF says reforms have strengthened Nigeria's economy and built resilience, but warns more than 60 percent of Nigerians now live in poverty amid rising food insecurity.
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.
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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.
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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.
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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
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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.
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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.
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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

Sharia Council raises alarm over rising insecurity, urges FG to act

The Supreme Council for Shariah in Nigeria has raised alarm over worsening insecurity, urging the Federal Government to take urgent, decisive steps against killings, kidnappings and banditry.
News

Nigeria’s economic reforms working but poverty increasing, says IMF

The IMF says reforms have strengthened Nigeria's economy and built resilience, but warns more than 60 percent of Nigerians now live in poverty amid rising food insecurity.
Politics

Nigeria is moving in the right direction, FG says as it defends Tinubu’s reforms

The Federal Government says Nigeria is steadily emerging from economic fragility, defending President Tinubu's reforms with GDP growth, over one million student loan beneficiaries and anti-graft gains.
News

Senate queries SEDC over N153m spent on Abuja office rent

The Senate has queried the South East Development Commission over N153m allegedly spent renting an Abuja office, demanding a full account of funds from its 2025 budget.