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Power - Page 5

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

Sanw olu signs Lagos Electricity Bill into law

News·Power

Sanwo-Olu Signs Into Law Electricity Bill For Sustainable Power In Lagos

Lagos State Governor, Babajide Sanwo-Olu, has signed the State Electricity Bill 2024 into law, paving the way for addressing power crisis in the state. In a post on his X handle on Tuesday, Sanwo-Olu said the new legislation aims to tackle energy

December 3, 2024

Geometric's Aba Power Plant Set For Commissioning Monday February 26

News·Power

Aba Power Seeks Increased Gas Supply To Boost Electricity Services

Aba Power says it is working towards getting more natural gas supplies from its partners to increase electricity supply to nine of the 17 local government areas (LGAs) in Abia State where it operates. This is as the Transmission Company of Nigeria

November 29, 2024

Nigerians Groan Over Current Poor Power Supply Amid Intense Heatwaves

Business·Power

Relief For Consumers As NERC Orders DisCos To Replace Obsolete Meters Free

Electricity consumers may now heave a sigh of relief as the Nigerian Electricity Regulatory Commission (NERC) has ordered Distribution Companies (DisCos) to replace faulty and obsolete meters for free. The Commission stated that it is the responsibility of DisCos to replace faulty

November 19, 2024

Nigerians Endure Blackout As National Grid Collapses For Second Time In 3 Days

News·Power

Nigerians Endure Blackout As National Grid Collapses Second Time In 3 Days

The national power grid has collapsed for the second time in three days, throwing many parts of Nigeria into total blackout. The first one occurred on Tuesday, 5th November when it crashed to zero megawatts around 1:52 pm, according to the Transmission

November 7, 2024

Why Aba Power Ringfence Is Not Affected By National Grid Collapse

News·Power

Why National Grid Collapse Did Not Affect Aba Power Ringfence

While many parts of Nigeria were thrown into blackout at the weekend, due to the national grid collapse, nine local government areas in Abia State serviced by Aba Power were not affected. This is because Geometric Power Group, the owner of Aba

October 20, 2024

News·Power

Nnaji Calls For Return Of Power Purchasing Agreements To Boost Electricity Generation

The former Minister of Power, Professor Bart Nnaji, has called on the Federal Government to resume the signing of power purchase agreements (PPAs) with private sector investors to ramp up Nigeria’s electricity generation. Nigeria currently has about 13,000-megawatt nameplate capacity but generates

October 18, 2024

Opinion·Power

Between Our National Greed And The Frequent Power Grid Collapse

By Tony Onyima The phrase “power grid collapse” has become almost synonymous with Nigeria’s power sector in recent years. Despite being Africa’s largest economy, Nigeria’s electricity supply system remains in continuous disrepair, causing hardship for individuals and businesses. This article examines the

October 16, 2024

Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation

Opinion·Power

Gas Problem In Nigeria’s Electricity Sector

Gas shortage is a major problem in Nigeria’s energy sector, particularly in electricity generation. A recent report by the National Electricity Regulatory Commission (NERC) says that more than 70% of electricity generation companies in Nigeria rely on gas for their production and

October 15, 2024

Meter Installation By DisCos Drops by 60% In Q2, 2024 - Report

Business·Power

Meter Installation By DisCos Drops by 60% – Report

The installation of meters by power distribution companies (DisCos) decreased by 60.86% in the second quarter of 2024. This is according to the latest quarterly report by the Nigeria Electricity Regulatory Commission (NERC). The NERC report for the second quarter of 2024

October 12, 2024

Nigerian Govt Spends ₦380bn On Electricity Subsidy In Q2 2024 — NERC

Business·News·Power

Nigerian Govt Spends ₦380bn On Electricity Subsidy- NERC

The Nigerian government incurred an electricity subsidy obligation of ₦380 billion in the second quarter (Q2) of 2024. This was revealed in the Q2 report of the Nigerian Electricity Regulatory Commission’s quarterly released on Thursday. According to the report the electricity subsidy

October 12, 2024

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Power - Page 5

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

Sanwo-Olu Signs Into Law Electricity Bill For Sustainable Power In Lagos

Aba Power Seeks Increased Gas Supply To Boost Electricity Services

Relief For Consumers As NERC Orders DisCos To Replace Obsolete Meters Free

Nigerians Endure Blackout As National Grid Collapses Second Time In 3 Days

Why National Grid Collapse Did Not Affect Aba Power Ringfence

Nnaji Calls For Return Of Power Purchasing Agreements To Boost Electricity Generation

Between Our National Greed And The Frequent Power Grid Collapse

Gas Problem In Nigeria’s Electricity Sector

Meter Installation By DisCos Drops by 60% – Report

Nigerian Govt Spends ₦380bn On Electricity Subsidy- NERC

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