Energy

KEDCO debunks claims of 2-hour daily power in Kano, Katsina, Jigawa

April 23, 2025

Nigeria’s oil and gas industry faces rising data breach risks – New report warns

April 23, 2025

Band A customers don’t get up to 10 hours of power daily, it’s a scam – Analyst alleges

April 22, 2025

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Energy

Oil & Gas and Power Sector related news

Seplat Petroleum Company announces currency exchange rates for proposed final dividend in FY 2020.

by Chidi Emenike

May 4, 2021

Seplat Petroleum Development Company has announced the exchange rates that will be applicable in determining the proposed final dividend for...

Discos, TCN suspends KEDCO, TCN suspend Kano Electricity Distribution Company, Kano Electricity Distribution Company, Transmission Company of Nigeria, Market Operator in Nigeria's power sector

Business

NERC approves N215 billion for Ikeja and Eko DisCo upgrade

by William Ukpe

May 4, 2021

The NERC said the approved upgrades would improve the distribution of power supply by the DisCos.

Discos call for sanctions on perpetrators of electricity theft to curtail monthly loss of N30 billion

FG approves new tariff applications, performance plan, CAPEX for DisCos

by Chike Olisah

NERC has approved new Extraordinary Tariff Review applications, 5-year PIP and Capital Expenditure, CAPEX, for DisCos.

World Bank Power Sector Report: Why the Federal Government should not be believed

by Caleb Adebayo

In the more recent months, Nigerians have witnessed significant power supply fluctuations and blackouts, dipping as low as 2, 805...

Ardova Plc posts profit after tax of N858.7 million in Q1 2021.

by Chidi Emenike

Ardova Plc released its unaudited results for the first quarter of the year (Q1, 2021). Revenue for the period was...

Bureau of Public Enterprise denies diverting N2.5 billion from PHCN to acquire property, BPE to concession Lagos Trade Fair complex

Business

BPE announces plans to sell 5 Integrated Power Project GenCos

by William Ukpe

The BPE has invited investors who plan to purchase 100% of power generation companies from the NIPP to declare their...

2021 Q1 Results: Arbico Plc reports a 94% decline in profit to N56.7 million in Q1 2021.

by Chidi Emenike

Arbico Plc released its unaudited results for the first quarter of the year (Q1, 2021). Revenue for the period was...

Electricity: FG to inject 700MW to grid through Zungeru Hydroelectric – Minister

by William Ukpe

The Federal Government has announced that 700 MW will be injected into the National Grid by December 2021.

FG set to create at least 5 million jobs for youths in the power sector – Minister of Power , Consortium of Western investors to inject upwards of $5 billion in Nigeria's renewable energy sector, Power: Nigeria's deal with Siemens - the birth of a new era?

Power Supply: Minister says ‘No’ to significant electricity tariff hike

by Abiola Odutola

The Federal Government has assured Nigerians that there is no plan to significantly raise electricity tariff.

Capital market to develop products for younger generation-SEC

Business

Oando court case: SEC says no AGM, as status quo remains

by Abiola Odutola