Category : Energy Power


8 GenCos Sign Tinubu's N3.3 Trillion Power Debt Settlement Deal

Eight major electricity generation companies have signed onto President Tinubu's N3.3 trillion debt settlement program, aiming to resolve Nigeria's persistent power sector liquidity crisis. Industry experts call for transparency in the debt calculation pr

Tinubu Approves ₦3.3tn Power Debt Settlement Plan

President Bola Tinubu has approved a comprehensive ₦3.3 trillion plan to clear Nigeria's power sector debts, with ₦501 billion already raised and ₦223 billion disbursed to boost electricity supply.

EKEDC Shuts Down Ijora Station, Power Blackout Hits Lagos Areas

The Eko Electricity Distribution Company (EKEDC) has declared an emergency shutdown at the Ijora Transmission Station due to a technical fault, leading to a temporary power blackout affecting multiple communities and key financial institutions in Lagos. C

Tinubu Approves ₦3.3 Trillion Power Debt Settlement Plan

President Bola Tinubu has approved a ₦3.3 trillion payment plan to clear legacy debts in Nigeria's power sector, aiming to improve electricity reliability and investor confidence. Implementation is already underway with significant disbursements made.

Tinubu Approves N3.3 Trillion Power Debt Settlement

President Bola Tinubu has approved a N3.3 trillion payment plan to settle legacy debts in Nigeria's electricity sector, with 15 power plants already signing N2.3 trillion agreements to stabilize power generation nationwide.

REA Disburses N9 Billion for Mini-Grids in Four States

The Rural Electrification Agency (REA) has disbursed N9 billion to boost renewable energy via mini-grid projects in Taraba, Kwara, Kogi, and Niger states, supported by the DARES programme and a N100 billion MoU with Lotus Bank.

Tinubu Approves N3.3trn Electricity Debt Payment Plan

President Bola Tinubu has approved a N3.3 trillion payment plan to settle legacy debts in Nigeria's power sector, aiming to enhance electricity reliability and support economic growth through comprehensive reforms.

New Petrol Prices Announced by MEMAN Across Nigeria

The Major Energies Marketers Association of Nigeria (MEMAN) has released updated ex-depot fuel prices for April 2026, showing petrol ranging from N1,218.50 to N2,300 per litre, influenced by rising crude oil costs and exchange rates.

Power Firm Confirms Staff Electrocution in Enugu

MainPower Electricity Distribution Limited confirms the electrocution of linesman Issac Dike in Enugu. The incident occurred during an unauthorized activity at a substation, with investigations ongoing.

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