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Nigeria’s sovereign wealth agency transfers $417.5 million to electricity bulk trader

The Nigeria Sovereign Investment Authority (NSIA) on Thursday said it paid about $417.46 million to the country’s electricity bulk trader, the Nigeria Bulk Energy Trading Company Plc (NBET).
Babatunde Fashola- Minister Works, Power and Housing

Babatunde Fashola: My directive to NERC not meant to ‘demonise’ DisCos

The Minister of Power, Works and Housing, Mr Babatunde Fashola, says his directive to Nigerian Electricity Regulatory Commission (NERC) is rectify issues impeding electricity supply in the country, but not to demonise DisCos.

Minister: Power DisCos rattled by federal government’s resolution on service delivery

Also, the minister freely lampooned the Executive Director, Research and Advocacy of the Association of Nigerian Electricity Distributors (ANED), Mr. Sunday Oduntan, who responded to his orders for the Discos. He specifically called Oduntan an interloper.
Babatunde Fashola- Minister Works, Power and Housing

Federal government promises to invest 72 billion on procurement of equipment for unused 2,000MWs...

The Federal Government has committed to invest N72 billion on the procurement and installation of equipment to help distribute unused 2,000 megawatts of electricity to consumers in the country.

Federal government aks power companies to buckle down or leave the sector

The federal government on Monday asked the 11 electricity distribution companies (Discos) in Nigeria’s electricity market to buckle down or get out and leave the business of power distribution for people who are willing to compete and uphold their obligations in the sector.

Chief Justice Onnoghen tasks judges on stringent punishment for electricity, pipeline vandals

The Chief Justice of Nigeria (CJN) and chairman, Board of Governors, National Judicial Institute (NJI), Abuja, Justice Walter Onnoghen, on Monday, said the judiciary would be stringent in applying punishment for electricity and pipeline vandals.

NERC reviews penalty for electricity theft

The Nigerian Electricity Regulatory Commission, NERC, has come up with reviewed penalties for electricity customers involved in unauthorised access to electricity supply by tampering and meter bypass by electricity.

Power: Federal govt recovers $64.63 million electricity debts from Benin, Niger – Babatunde Fashola

The Federal Government announced, Monday, that it has recovered over $64.63 million electricity debts owed it by international customers in Benin Republic and Niger Republic.

No exclusive monopoly in power distribution – Babatunde Fashola

Mr Babatunde Fashola, the Minister of Power, Works and Housing, has allayed fears of Electricity Distribution Companies (Discos) over government’s investments in solar energy plants.

We should all embrace mini grids and allow them to work

I am compelled to start on a sad note, to acknowledge an electrical accident that occurred in Minna, Niger recently, and to commiserate with the victims and extend our heartfelt sympathy to their families and to the people and Government of Niger state.

Fed govt gives states autonomy to produce power

The Federal Government has given state governments autonomy to produce their own power in order to ensure improved power supply in the country.

Fed govt strips DisCos off metering monopoly

The Federal Government also stated that electricity distribution companies did not have the monopoly of metering.

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FAAN: Federal government to inaugurate new Abuja airport terminal before December 31

Saleh Dunoma, Managing Director, Federal Airports Authority of Nigeria, says the new terminal building of the Nnamdi Azikiwe International Airport will be inaugurated before the end of December.

Gunmen hijack 18-seater passenger bus in Rivers

An 18-seater commercial bus loaded with passengers has been hijacked by some unidentified gunmen in Rivers State.
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US returns Church bells taken from Philippines 117 years ago

After 117 years, the U.S. returned the three original church bells taken by American soldiers as war booty during the Philippine-American war in 1901.

NDIC becomes full member of Islamic financial board

The Council of the Islamic Financial Services Board (IFSB) with its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board.