State governments are now to bear the cost of electricity subsidy, along with the Federal Government, President Bola Tinubu, has directed. Vanguard gathered that funding for payment of the subsidy will now come from Power Assistance Consumers Fund, PCAF. PCAF is a government-backed financial pool designed to subsidise electricity bills for low-income and vulnerable households…
The Nigerian Railway Corporation (NRC) has announced plans to deploy Liquefied Natural Gas (LNG)-powered trains and to expand the national rail network to 10,000 kilometres over the next five years as gas infrastructure opens along key corridors. Managing Director of the NRC, Dr. Kayode Opeifa, disclosed this during a monitored televised interview, stating that the…
Electricity supply has been restored to parts of the country following Nigeria’s first national grid collapse of 2026, as system operators commenced recovery efforts hours after a total outage was recorded on Friday. In an update on the incident, the Nigerian Independent System Operator (NISO) said the grid experienced a system-wide disturbance at about 12:40…
Electricity supply has been restored to parts of the country following Nigeria’s first national grid collapse of 2026, as system operators commenced recovery efforts hours after a total outage was recorded on Friday. In an update on the incident, the Nigerian Independent System Operator (NISO) said the grid experienced a system-wide disturbance at about 12:40…
The Federal Government has directed electricity distribution companies (DisCos) and meter installers to provide smart meters to consumers free of charge, warning that officials found demanding payments will face prosecution.6The Minister of Power, Adebayo Adelabu, issued the directive on Thursday during an inspection of newly imported smart meters at APM Terminals, Apapa, Lagos. The meters,…
NERC, in its latest quarterly report released this week, explained that these companies opted for self-generation licenses exceeding 1MW capacity exclusively for internal use, reflecting escalating frustration with grid unreliability. “Captive power plants above 1MW require NERC permits to ensure they operate solely for the license holder’s consumption without selling to third parties,” the regulator…
Transgrid Enerco Limited has completed the acquisition of a 60 percent controlling interest in Eko Electricity Distribution Company (Eko DisCo) in a transaction valued at about N360 billion. The transaction, which was initially expected to close by April 2025, was finalised on December 30, making it one of the largest privately negotiated takeovers in Nigeria’s…
Geregu Power Plc said its ultimate ownership has changed following a restructuring at its majority shareholder, marking the exit of billionaire investor Femi Otedola from the company’s control and triggering a sweeping overhaul of its board. The Nigerian power producer said MA’AM Energy Ltd has acquired a 95 percent stake in Amperion Power Distribution Company…
Electricity distribution companies have commenced the distribution of prepaid meters at no cost to their customers, although it was gathered that the meters are largely for Band A and some Band B customers. This is coming a few weeks after the Chairman of the Nigerian Electricity Regulatory Commission, Musiliu Oseni, accused the DisCos of refusing…
The Federal Government has signed a Memorandum of Understanding (MoU) with Chinese infrastructure and Internet of Things (IoT) solutions provider, You Jie Te Environment Technology Ltd (YJT), to localise the manufacturing and assembly of Compressed Natural Gas (CNG) and electric vehicle (EV) infrastructure in Nigeria. The agreement was executed through the Presidential Initiative on Compressed…
