TCN secures $1.4bn funding, lifts transmission capacity to 8,700MW
The Transmission Company of Nigeria (TCN) has secured more than $1.4 billion, about N1.87 trillion,…
TCN secures $1.4bn funding, lifts transmission capacity to 8,700MW
The Transmission Company of Nigeria (TCN) has secured more than $1.4 billion, about N1.87 trillion, in loans and grants to expand the national electricity grid. The funding has raised transmission wheeling capacity to 8,700 megawatts and supported the commissioning of 89 power transformers. TCN Executive Director for Transmission Service Provider, Ajiboye Oluwagbenga, disclosed this at…
Petrol price hits N1,310 per litre as MRS, Dangote stations adjust pump price.
Nigerian motorists are facing another petrol price increase after MRS and Dangote-backed filling stations raised their pump price to N1,310 per litre in Lagos and surrounding areas. The latest increase represents a sharp rise from about N1,205 per litre, adding fresh pressure to households, transport operators and businesses already battling elevated operating costs. Other filling…
Electricity theft: FG probes N120bn annual revenue loss
The Federal Government has launched a crackdown on massive energy theft along the 132-kilovolt Ikorodu–Sagamu industrial corridor, where unaccounted power losses have climbed to 100 megawatts, inflicting an estimated annual revenue loss of N120 billion on the electricity market. The Minister of Power, Joseph Tegbe, announced this during a high-level stakeholders meeting with industrial operators,…
Edo govt issues transmission, distribution licence, power company targets 2026 completion
The Edo State government has issued a transmission and distribution licence to CCETC Ogua Energy Limited for full utilization of its targeted 100 MW power project. The project is expected be completed and commissioned before the end of 2026. The Commissioner for Power, Hon. Paul Usenbo made this known in Benin City while presenting the…
NERC issues 194 electricity licences in 2025 as mini-grids and metering surge
The Nigerian Electricity Regulatory Commission (NERC) issued 194 licences, permits and certifications across Nigeria’s electricity market in 2025, a 15.5% increase from the 168 approvals recorded in 2024. The regulator disclosed this in its 2025 Annual Report, with approvals spanning generation, distribution, trading, mini-grids and metering. The jump reflects continued regulatory activity across both conventional…
NUPRC seeks completion of 10-storey headquarters
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the speedy completion of its proposed headquarters, The Barrel, will boost the Commission’s efficiency and Nigeria’s investment appeal. The Barrel, a 10-storey building with the capacity to accommodate 900 to 1,000 people is being constructed in the likeness of a convex, curved cylinder that bulges outward at…
TCN Reveals Real Cause of Lekki Power Outage, Dismisses EKEDC’s Transformer Claim
The Transmission Company of Nigeria has traced the power outage affecting Lekki, Lagos, to faults on two feeders operated by the Eko Electricity Distribution Company, directly contradicting EKEDC’s claim that a TCN transformer was responsible. In a statement, TCN said the disruption was not caused by a fault on its transformer at the Lekki Transmission…
Tinubu: Transport Fares to Drop Nationwide From October 2026.
President Bola Tinubu has directed the Federal and state governments to cut public transport fares across Nigeria, with commuters expected to start benefiting from October 1, 2026. He made the announcement after meeting governors elected on the platform of the All Progressives Congress (APC) at the Presidential Villa, Abuja, on Thursday. The meeting followed the…
TCN declares Force Majeure after three towers collapse on Birnin Kebbi–Niamey line
The Transmission Company of Nigeria (TCN) has declared Force Majeure on the 132kV Birnin Kebbi–Niamey Transmission Line after three transmission towers collapsed at Chibike Village. The collapse followed heavy rain and windstorm, disrupting bulk electricity transmission to Niamey. TCN disclosed the development in a statement on Friday. The line tripped at 17:38hrs on August 26,…
FG licenses 81 firms to sell CNG as fuel price stays at N380 per SCM
The federal government has licensed 81 companies to retail compressed natural gas (CNG), up from about four previously. The National Automotive Design and Development Council (NADDC) Director-General, Oluwemimo Joseph Osanipin, disclosed this on Wednesday, August 27, after meeting President Bola Tinubu at the Presidential Villa in Abuja. CNG currently costs N380 per standard cubic metre…
