The Federal Government has finalised implementation frameworks for a ₦4 trillion government-backed bonds to settle verified arrears owed to power Generation Companies (GenCos) and gas suppliers. The Special Adviser to the President on Energy, Mrs. Olu Verheijen disclosed this in a statement made available to newsmen in Abuja. In the statement signed by Senan Murray,…
The Federal Government has signed renewable energy deployment agreements worth $500 million with five state governments and the Netherlands Development Organisation (SNV) to boost solar power generation and expand local production of solar panels and battery storage systems in Nigeria. The agreements, facilitated through the Rural Electrification Agency (REA), were signed with Bayelsa, Ogun, Lagos,…
The Nigerian Electricity Regulatory Commission has approved the disbursement of N28bn to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, for the metering of all outstanding Band A customers free of charge. The order, cited as ‘NERC Order No: 2025/10—Order on the Operationalisation of Tranche B of the Meter Acquisition…
The Federal Government has hinted that over $400 million in new renewable energy investment commitments will be formalised within the next two days to strengthen Nigeria’s renewable energy manufacturing value chain. Vice President Kashim Shettima announced this on Tuesday at the inaugural Nigerian Renewable Energy Innovation Forum 2025 held in Abuja, saying the move is…
The Managing Director of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, has commended President Bola Ahmed Tinubu for his administration’s commitment to revamping Nigeria’s power sector, following his recent approval of the defrayment of the ₦4 trillion legacy debts owed to generation companies (GenCos). Recall that in July 2025, President Tinubu met…
Eko Electricity Distribution Company (EKEDC) has announced a major restructuring of its operations with the creation of a new subsidiary, Excel Electricity Distribution Company Limited, which will exclusively handle power distribution across Lagos State. In a statement, the General Manager, Corporate Affairs, Mr. Babatunde Lasaki, said the establishment of the new subsidiary was in full…
The Transmission Company of Nigeria announced a four-day blackout in Lekki, Ikoyi, Jakande, and surrounding parts of Lagos State. TCN’s spokesperson, Ndidi Mbah disclosed this in a statement on X on Wednesday. The outage, which is expected to take effect on October 11, 12, 18, and 19, 2025, would last for eight hours daily. According…
The Nigerian government is reportedly in discussions with China’s Export-Import Bank for a $2 billion loan to construct a new “super grid” aimed at resolving the country’s persistent electricity challenges. Minister of Power, Adebayo Adelabu, said on Monday that the new transmission line would serve both the eastern and western regions of Nigeria, where many…
The House of Representatives Committee on Safety Standards and Regulations has commended the Niger Delta Power Holding Company (NDPHC) for upholding high safety standards at the Calabar Power Plant in Odukpani, Cross River State. In a statement, the Head, Corporate Communications & External Relations of NDPHC, Emmanuel Ojor, said the Committee gave the commendation after…
…Cites Vandalism And Weather as main cause The Transmission Company of Nigeria (TCN) has expressed concerns over its collapsed power transmission tower No. 7 along the Kaduna town line I and II in Rigasa community on Thursday, September 18, 2025, due to severe downpour, windstorm and vandalism. It disclosed that the tower collapse caused a…
