Archives for POWER
FG pegs power sector investment gap at $10bn
The Federal Government says it will collaborate with the private sector in raising a portion of the $10bn needed to ensure the provision of consistent and reliable electricity across the…
Alleged Expenditure Of $16b Delayed Nigeria’s Power Sector Reforms … Liyel Imoke
*Sen. Liyel Imoke By Ngozi Onyeakusi---A former minister of power, who later served as governor of Cross River State, Senator Liyel Imoke, on Thursday, in Lokoja, stated that alleged “expenditure”…
AEDC Appoints Chijoke Okwuokenye MD/CEO
By Ngozi Onyeakusi---Abuja Electricity Distribution Company (AEDC) has announced the appointment of Engr. Chijioke Okwuokenye as the acting Managing Director, with immediate effect. This appointment, which is part of…
FG’s 90,000km Fibre Project Faces Obstacles
By Ngozi Onyeakusi--Stakeholders in the telecommunications industry have said the Federal Government’s plan to deploy 90,000 kilometers of fibre optic cables across the country will face several obstacles, especially from…
FG insists on electricity tariff hike as Labour threatens showdown
The Federal Government on Sunday faulted the organised labour’s opposition to the electricity tariff hike and the removal of the subsidy in the sector. The spokesperson for the Ministry of…
Tariff Hike: FCCPC, NSE Call For Metering Of All Consumers Within 60 Days
The Federal Competition and Consumer Protection Commission (FCCPC) has backed the recent fine imposed by the Nigerian Electricity Regulatory Commission (NERC) on the Abuja Electricity Distribution Company (AEDC) for violating…
Transcorp Power Posts N142.1 bn Gross Earnings, Declares N3.13 Dividend, As Profit Grows By 75%
By Ngozi Onyeakusi---Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc, has released its audited financial statements for the year ended December 31,…
Transparency: EITI Rates NNPC High in Compliance …As Kyari Insists No Public Fund Withheld
By Ngozi Onyeakusi--- Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPC Ltd) very high in its latest global assessment. This was…
FG suspends electricity tariff hike, power subsidy hits N1.6tn
The Nigerian Electricity Regulatory Commission, on Wednesday, released the 2024 electricity tariffs which showed that the Federal Government is to shoulder about subsidy this year to avert…
UNIDO Seeks NASENI Collaboration on Renewable Energy Solutions & Industrial Development
Front row left: Representative of Bloomhill Agroservices, Germany, Elizabeth Ogbile; representative of (B) Energy, Germany, Katrin Puetz; on Strategy to the EVC/CEO of the National Agency for Science and…