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Sam Amadi: Nigeria’s power sector designed to fail

Former chairman of the Nigerian Electricity Regulatory Commission (NERC), Professor Sam Amadi, has said that the nation’s power sector was ab initio designed to fail, “because the government had failed to corporatise and commercialise the sector before privatising.”
Marylin Amobi

ICPC to prosecute NBET boss Marilyn Amobi for gross abuse of office

The Independent Corrupt Practices Commission, ICPC, is set to prosecute the Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading Company Limited (NBET), Dr. Marilyn Amobi, for alleged gross abuse of office.
Usman Mohammed - TCN

Federal government, investors to capitalise DisCos with $4.7 billion

The Managing Director, Transmission Company of Nigeria (TCN), Dr. Usman Gur Mohammed, on Monday said that shareholders of the electricity distribution companies (DisCos) that consist of the Federal Government and the private investors in the firms, are to jointly raise $4.7 billion to recapitalize the firms to upgrade power distribution equipment in the country.

BPE cautions ex-PHCN staff over purported verification exercise

The Bureau of Public Enterprises (BPE), says it is not conducting another verification exercise for the defunct staff of Power Holding Company of Nigeria (PHCN) as is being circulated in some quarters.

NERC issues meter installation permits to Eko, Kaduna DisCo’s MAPs

The Nigerian Electricity Regulatory Commission (NERC) has issued permits to Kaduna Electricity Distribution Company (KDEDC) and Eko Electricity Distribution Company (EKEDC), Meter Asset Providers (MAPs), in accordance with section 4(3) of the MAP regulations NERC- R-112 of 2018.
Power

TCN: Why Benin, others get stable electricity than Nigeria

Nigeria supplies about 80 per cent of the total quantum of electricity consumed in the Republic of Benin but power is more stable in the neighbouring country than it is in Nigeria, the Transmission Company of Nigeria has said.

TCN cautions union against planned picketing of its headquarters

The Transmission Company of Nigeria (TCN) has raised alarm over the planned picketing of its headquarters by the Trade Union Congress of Nigeria (TUC).
Power

Century PowerWhy Nigeria is still in darkness

Nigeria is still in darkness because of infrastructural deficit and the huge debt owed power generation companies (GenCos) by power distribution companies (DisCos), Century Power Generation Company Limited Chief Executive Officer, Dr Chukwueloka Umeh, said at the weekend.

AEDC: 900,000 meters to be distributed in three years

The process to bridge the huge metering gap in the Nigerian electricity sector industry may have begun with the scheduled distribution of about 900,000 prepaid meters by the Abuja Electric Distribution Company (AEDC) to customers in its franchise area.

Consumers kick as Discos’ collection rises to N438 billion

The rise in the bill collection efficiency of electricity distribution companies to N438bn without a commensurate improvement in supply and metering has been criticised by consumers.

EKEDC: We are fully ready to commence metering

Mr Godwin Idemudia, the General Manager, Corporate Communications of Eko Electricity Distribution Company (EKEDC), on Thursday expressed the company’s readiness to commence Meter Assess Providers (MAPs) scheme to customers within its network.
Abiodun Adedipe

Economist says increasing tax rates not solution to growing tax revenue

Dr Abiodun Adedipe, a member of the Nigerian Economic Summit Group, says that increasing tax rates is not the cure all for growing tax revenue in Nigeria.

Tunde Fashola: Road, power projects may suffer setbacks during rainy season

The Minister of Power Works and Housing, Babatunde Fashola, has said Nigerians will experience some difficulties on power and road projects during the rainy season.

Nigeria loses $29.3 billion yearly to erratic power supply

The Electricity Generation Companies (GenCos) at the weekend said the country loses $29.3billion yearly to low supply resulting from load shedding and inadequate facilities.

DisCos may cede networks to third-party power distributors

Worried by the inability of the 11 distribution companies to distribute power to many consumers, the Nigerian Electricity Regulatory Commission (NERC) has said it is considering a new regulation to allow third-party investors take up and maintain parts of the vast electricity distribution networks currently owned by the Discos.

Banks partner Mojec on prepaid meters

Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited, has announced a partnership with some banks to provide retail financing for the rollout of prepaid meters to its customers within the coverage area of its partner distribution companies (DISCOs) across the country.

NERC gives more DisCos nod to procure third-party meters

The Nigerian Electricity Regulatory Commission (NERC) Friday disclosed that it has given two more electricity distribution companies (Discos) in Nigeria’s power sector the nod to engage third-party contractors to install meters for consumers under their networks.

It’s unrealistic to expect rollout of new meters by May 1 – manufacturer

Momas Electricity Meter Manufacturing Company Ltd. says Nigerian Electricity Regulatory Commission’s directives to begin the rollout of new meters by May 1 is not feasible or realistic.

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Everton midfielder Idrissa Gana Gueye scored the decisive goal as Senegal defeated Nigeria 1-0 at the Ismaila Stadium on Sunday in their final build-up game ahead of the 2019 Africa Cup of Nations,

AFCON: Super Eagles lose 1-0 to Senegal in friendly

Everton midfielder Idrissa Gana Gueye scored the decisive goal as Senegal defeated Nigeria 1-0 at the Ismaila Stadium on Sunday in their final build-up game ahead of the 2019 Africa Cup of Nations.
A mine blast killed four police officers travelling in a troubled anglophone region of Cameroon in the southwest of the country, the government said Sunday.

Mine blast kills four police in Cameroon

A mine blast killed four police officers travelling in a troubled anglophone region of Cameroon in the southwest of the country, the government said Sunday.
Buhari Media Organisation (BMO)

BMO cautions PDP on improper conduct

The Buhari Media Organization (BMO) has described Peoples Democratic Party (PDP’s) statement on June 12 as a cacophony of lies.

Sporadic gunshots cause skirmishes in Maiduguri

Residents in the outskirts of Maiduguri on Sunday witnessed some skirmishes following indiscriminate shooting by some soldiers.

Nigerian Immigration commissions 396 cadets into officers corps

The Nigeria Immigration Service has commissioned 396 cadets into Officers Corps, NIS Public Relations Officer, Sunday James, has said.