Concern for the continued rise of bank loans to the power sector

The power sector has continually suffered a cash crunch, forcing the government to inject funds to avert a total collapse.

Why Tariff increase is necessary – Senator Gabriel Suswam

by Faith Dafe-Joseph

November 14, 2021

Nairametrics had an exclusive interview with Senator Gabriel Suswam, the Chairman of the Senate Committee on Power. In an interview ...

$NCC, MDA, SEEPCO, local content laws, CBN Cashless Policy: Reps eye policy reversal, court Emiefele approval , Lawmakers tackle Finance Minister over failed CCTV project worth $460 million , Former Ghanaian President, Mahama begs Buhari to open border Former President of Ghana, John Mahama has appealed to President Muhammadu Buhari to open up its borders saying that Ghana has been heavily affected by Nigeria’s decision to close its borders. Mahama said that for economic activities to resume in West Africa, Nigeria needs to reconsider its decision on the total border closure. He made this plea while delivering the seventh anniversary lecture of investiture into The Realnews Hall of Fame and the unveiling of a book, titled: Pathways to Political and Economic Development of Africa. According to the former president as reported in The Nation, the closure of especially the Benin border, was taking a significant toll on many small and medium businesses, especially in Togo, Ghana and Cote D’Ivoire, which relied on inter-country trade. “I am sure that businesses in Nigeria that rely on supplies from these countries are also suffering. With the signing of the joint border task force agreement between Nigeria and her neighbours, I will like to take this opportunity to appeal to Nigeria to open up her border so that economic activities can resume,” Mahama said. While reacting to the shut down of shops owned by Nigerians by the Ghana Union of Traders’ Association (GUTA) as retaliation to the border closure, Mahama said; “Back home in Ghana, I also look forward to our government’s intervention that brings an immediate cessation to the forceful and illegal closure of shops of foreigners, especially Nigerians, by members of the local trade associations”. Mahama who is a former Chairman of the Economic Community of West Africa States (ECOWAS) spoke on how he still has an abiding interest in the progress of ECOWAS and its people. In this light, he said that Nigeria being the home of ECOWAS and the largest economy in West Africa should not allow the objective principles for establishment of ECOWAS to be lost. Meanwhile, the Vice Chancellor of Niger Delta University, Bayelsa State, Prof. Samuel Edoumiekumo, advised President Muhammadu Buhari not to yield to pressure to reopen the borders. Edoumiekumo who was also present at the lecture said President Buhari should remain firm in his resolve to ensure economic growth and the country’s development as the border closure will generate more revenue for the nation and tackle smuggling., Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry , FMBN ex-MD ordered to refund his salary, submit FMBN accounts over infractions$

Poor policies affecting growth in the power sector – Reps

by William Ukpe

August 12, 2021

The House of Representatives has warned that the lack of efficient policies is a roadblock to growth in the power ...

Nigeria can ignite economic growth through power sector reforms – World Bank

by William Ukpe

June 16, 2021

The World Bank has advised that for economic growth to occur in Nigeria, the FG would have to reform the ...

Real estate, power, 2 other sectors attract $8.35 billion in three months

by Abiola Odutola

May 11, 2021

Manufacturing received the largest investment accounting for 60% ($5.08 billion); followed by construction ($2.90 billion); electricity ($0.26 billion); and agriculture ...

Abuja, Ikeja Discos top list in collection efficiency in Q1 2020- NERC, Estates in Lekki increase electricity tariff to N105/kWh, Eko Electric, Ikeja and 5 others to face NERC sanction for non-compliance, CBN reveals framework for financing National Mass Metering Programme (NMMP), Nigeria ranks eight African country with well-developed electricity regulatory frameworks, as Uganda tops.

Repositioning the Nigerian Power Sector

by CSL Stockbrokers

January 26, 2021

The Nigerian power sector continues to grapple with the age-long problems that have plagued the sector even before the privatisation ...

The Nigerian Electricity Regulatory Commission (NERC), National electricity grid collapses again, as NUEE suspends strike action , FG to increase electricity tariffs in order to improve power supply, Power: Liquidity crisis-same old story in 2020?, GenCos urges NBET to pay up N1 trillion debt, Electricity Tariff: FG, electricity stakeholders to work on equitable rate , Power: NERC applies "brakes" on hike in tariffs, NERC to sanction 7 DisCos over uncapped estimated billing

Power: Liquidity crisis, same old story in 2020?

by CSL Stockbrokers

January 6, 2020

FG will bear a financial burden of N544.894 billion in 2020 being the cumulative shortfall in electricity tariffs of the ...

TCN ready to waive Discos' N270 billion debt, TCN want Discos to recapitalise, Discos investment in power sector, National Union of Electricity Employees, Gencos want Discos’ job as it seeks to sell electricity directly to customers , Nigeria, Canada to ink new $2.3b power deal , ABEDC's investors divided over $41 million contract breach, Nationwide strike: Electricity workers meet with FG, as NECA fears lose-lose situation

Electricity workers suspend nationwide strike

by Bamidele Samuel Adesoji

December 12, 2019

Electricity workers under the aegis of the National Union of Electricity Employees (NUEE) have reportedly suspended strike after barely 24 ...

NIPP, GenCos to halt supply if NBET insists on new service charge, Gencos want Discos’ job as it seeks to sell electricity directly to customers , Nigeria secures $210 million facility to boost power infrastructure,

NERC introduces franchising for Discos, as groups and consumers commend move

by Bamidele Samuel Adesoji

April 23, 2019

NERC is officially introducing sub-franchising of DisCos' operations in order to improve access to safe and reliable electricity services to Nigerians.