W’Bank, IAEA to Support Safe, Secure, Use of Nuclear Energy in Developing Countries.

The World Bank Group and the International Atomic Energy Agency (IAEA), Thursday sealed an agreement to partner in supporting the safe, secure and responsible use of nuclear energy in developing countries. The partnership agreement, signed by the World Bank Group President, Ajay Banga and IAEA Director General, Rafael Mariano Grossi, finally formalised multiple engagements between…

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REA, FCMB Unveil N100bn Renewal Energy Financing Deal

The Rural Electrification Agency (REA) and First City Monument Bank (FCMB) have entered into a strategic collaboration to provide a ₦100 billion Naira loan facility targeted at accelerating private sector-led deployment of renewable energy solutions across the country. The agreement supports the implementation of the Distributed Access through Renewable Energy Scale-Up (DARES) initiative and will…

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Fed Govt to intervene in gas-to-power tariff challenges

The Federal Government is considering strategic interventions to address power tariff challenges affecting gas supply and payment structures at key Nigerian National Petroleum Company Limited ( NNPCL)-led thermal power plants. A high-level meeting was held at NNPC Towers in Abuja between the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo; the Minister of Finance…

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TCN inaugurates Seven-Man Committee to enhance Operational Efficiency

The Transmission Company of Nigeria (TCN) has inaugurated its newly constituted seven-member Performance Improvement Plan/Power Sector Recovery Operation (PIP/PSRO) Committee. The Performance Improvement Plan/Power Sector Recovery Operation(PIP/PSRO) programme is an Order and a critical component designed by the Nigerian Electricity Regulatory Commission (NERC) to enhance the operational efficiency and financial sustainability of the power sector,…

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Lagos State Government issues Guidelines for its Electricity Market Operations

The Lagos State Electricity Regulatory Commission (LASERC) has formally issued Order No. LASERC ORDER/001/2025 establishing the regulatory framework for electricity market operations within Lagos State. This milestone Order marks the official conclusion of the transition period for the transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission to LASERC, as stipulated in the Electricity…

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NERC directs DisCos to publish details of meter purchase refunds to customers.

The Nigerian Electricity Regulatory Commission (NERC) has directed all electricity distribution companies (DisCos) to publish refunds made to customers who purchased meters under the meter asset providers (MAP) scheme. The directive, published on its social media handles on Monday, was issued after NERC’s first Nigerian electricity supply industry stakeholders (NEIS) meeting in 2025. The MAP…

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Govt releases power tariff hike guidelines for Discos

As controversies trailed the purported electricity tariff hike by the Federal Government, the Nigerian Electricity Regulatory Commission has issued regulations on the procedure for tariff reviews. The latest order, signed by NERC Chairman, Sanusi Garba, stated that pursuant to the provisions of the Electricity Act 2023, the commission is obligated to review and approve a…

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