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Power - Page 2

Failing National Grid: Why Nigeria Needs Urgent Reforms Now

Nigeria Targets 8,500 MW Reliable Power Generation in 2026, Projects Underway Nationwide

The National Grid has set an ambitious target of achieving approximately 8,500 megawatts of reliable electricity generation across Nigeria in 2026, officials have confirmed. According to industry sources, multiple power projects are currently ongoing simultaneously in different parts of the country, aimed

January 31, 2026

Business·Markets·Power·Top Stories

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity plants, has drawn attention after politically connected figures assumed top positions. Billionaire Femi Otedola sold his controlling stake to Abuja-based Ma’am Energy Limited for $700–$750 million. Senator Abdulaziz Yari was subsequently appointed

January 11, 2026

Business·News·Power·Top Stories

Geregu Power Appoints Abdulaziz Yari Chairman as Otedola Exits After Major Ownership Change

Geregu Power Plc has announced a significant change in its board and ownership structure following the resignation of billionaire investor Femi Otedola as chairman after he divested his controlling stake in the company, Prime Business Africa reports. The development was disclosed in

December 30, 2025

News·Power

Reconstitution of the Nigerian Electricity Regulatory Commission (NERC) Board

The Board of the Nigerian Electricity Regulatory Commission (NERC) has been reconstituted after Senate confirmation of new nominees, signaling another major shake-up in Nigeria’s power sector leadership, Prime Business Africa reports. Following the Senate’s approval on Tuesday, President Tinubu granted executive approval

December 19, 2025

News·Nigeria·Power·Top Stories

FCCPC Shuts Down Ikeja Electric Headquarters Over Prolonged Consumer Rights Violations

The Federal Competition and Consumer Protection Commission (FCCPC) on Thursday sealed the headquarters of Ikeja Electric (IE) over what it described as persistent violations of consumer rights and the company’s refusal to comply with binding regulatory directives, Prime Business Africa reports. The

December 11, 2025

Business·News·Power

Nigeria, LONGi Partner to Establish 1,000MW Solar Panel Factory in Landmark Renewable Energy Deal

Nigeria has reached a landmark agreement with LONGi Green Energy Technology Co. Ltd., the world’s largest solar panel manufacturer, to establish a solar panel production factory in the country a move set to boost local manufacturing, renewable energy deployment, and job creation.

October 19, 2025

News·Power

Aba Power Sets Record as Geometric Power Delivers 45 Days of Uninterrupted Electricity in Abia

Electricity consumers in Nigeria’s Southeast have commended Aba Power Electric Ltd, a subsidiary of the Geometric Power Group, for maintaining an impressive 45 consecutive days of uninterrupted power supply across the Aba Ring-fenced Area of Abia State. The commendation came from the

October 17, 2025

News·Power

Nigeria Seeks $2bn China Loan to Build National Super Grid – Adelabu

The Federal Government is negotiating a $2 billion loan from the Export-Import Bank of China to finance the construction of a new national “super grid,” aimed at stabilising electricity supply and boosting industrial growth across the country. Minister of Power, Adebayo Adelabu,

October 7, 2025

News·Power

Nigeria’s Power Plants Closed August 2025 With Low Availability, Grid Instability

Nigeria’s grid-connected power plants ended August 2025 with an installed generation capacity of 13,625 megawatts (MW), but only 5,514 MW was actually available for dispatch on average. This translated to a Plant Availability Factor of 40 percent, one percentage point lower than

September 20, 2025

Africa·News·Power

Ethiopia Completes $5 Billion Africa’s Largest Dam In 14 Years

Ethiopia has inaugurated the Grand Ethiopian Renaissance Dam (GERD), Africa’s largest hydroelectric project, in a move hailed in Addis Ababa as a generational victory but viewed downstream as a looming threat to water security. Standing 170 meters tall and nearly two kilometers

September 12, 2025

Nigeria’s power generation has risen to 5,313 Mega Watts (MW), first time in three years, says the Minister of Power, Bayo Adelabu.

News·Power

National Grid Restoration Begins – NISO

‎The Nigerian Independent System Operator (NISO) says restoration of the national grid has begun. ‎The grid collapsed at about 11:20 am on Wednesday, resulting in a significant drop in power supply in major cities across the country. ‎This was the second time

September 11, 2025

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U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Power - Page 2

Nigeria Targets 8,500 MW Reliable Power Generation in 2026, Projects Underway Nationwide

Behind the Geregu Power Sale: Politics and a $750m Deal

Geregu Power Appoints Abdulaziz Yari Chairman as Otedola Exits After Major Ownership Change

Reconstitution of the Nigerian Electricity Regulatory Commission (NERC) Board

FCCPC Shuts Down Ikeja Electric Headquarters Over Prolonged Consumer Rights Violations

Nigeria, LONGi Partner to Establish 1,000MW Solar Panel Factory in Landmark Renewable Energy Deal

Aba Power Sets Record as Geometric Power Delivers 45 Days of Uninterrupted Electricity in Abia

Nigeria Seeks $2bn China Loan to Build National Super Grid – Adelabu

Nigeria’s Power Plants Closed August 2025 With Low Availability, Grid Instability

Ethiopia Completes $5 Billion Africa’s Largest Dam In 14 Years

National Grid Restoration Begins – NISO

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Nigeria Targets 8,500 MW Reliable Power Generation in 2026, Projects Underway Nationwide

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Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Nigeria Targets 8,500 MW Reliable Power Generation in 2026, Projects Underway Nationwide

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