Siemens' position in the power value chain remains unclear given the huge investment it is committing.
As most countries hunker down into some form of isolation to battle COVID-19, financial markets have been hit by a severe bout of risk-off sentiments.
Nigeria’s power sector has lost no less than N117.8 billion to gas shortage between January to March 2020, findings have shown.
A report by the Association of Nigerian Electricity Distributors has shown that the DisCos in Nigeria recorded 8% growth in their revenue collection.
Based on data from the Advisory Power Team in the Office of the VP, the nation's power sector lost an estimated N19.15 billion in 10 days.
The Transmission Company of Nigeria (TCN) disclosed it had increased power transmission capacity beyond 8,100 megawatts recorded in 2018.
The Transmission Company of Nigeria (TCN) has disclosed that subsequent collapse of the National Grid cannot be totally avoided.
Some of the eleven power distribution companies (DisCos) operating in Nigeria might be forced out of the power sector by TCN 2020 objective.
National electricity grid collapsed again on Friday after it had initially collapsed following the industrial action by power sector workers. #PHCN #NATIONALGRID #DISCO
The African Development Bank (AfDB) has approved the funding for the power project that the Federal Government applied for in May, this year.