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…
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…
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…
The Transmission Company of Nigeria (TCN) has said that it is owed N457 billion as of March for services rendered within the Nigerian Electricity Supply Industry (NESI). The Managing Director of TCN, Mr Sule Abdulaziz, made this known on Wednesday at the opening of a capacity-building workshop for journalists in Keffi, Nasarawa State. Abdulaziz was…
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,…
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…
The federal government has commissioned Nigeria’s first modular Liquefied Petroleum Gas (LPG) extraction plant and a 20-megawatt gas-to-power project. The projects were commissioned by the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo at the Otakikpo field in Rivers State. In a post on his official X account, the minister said the…
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…
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…
Unistar card meterIkeja Electric Plc has announced that it will no longer support the Unistar card meter and other outdated card meters under the Federal Government’s Meter Acquisition Fund (MAF) scheme. In a public notice on Sunday, Ikeja Electric warned its customers that its technology might no longer support the Unistar card meter and any…
