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AfDB okays fresh $200 million for Nigeria’s power sector

The African Development Bank (AfDB) Group Monday said it provided $150 million for the project. The balance of $50 million was issued from the Africa Growing Together Fund (AGTF) – a $2 billion facility sponsored by the People’s Bank of China.
President Goodluck Jonathan

Corruption: Goodluck Jonathan lied – Presidency

The Nigerian Presidency has described claim by former president, Dr Goodluck Jonathan, that corruption is on the increase in the country as ‘astonishing’.

Presidency replies Patel, dismisses proposition on Nigeria

The Presidency has condemned a statement credited to Ms Priti Patel, former Secretary of State for International Development, United Kingdom, calling on investors to be wary about investing in Nigeria.
Babatunde Fashola- Minister Works, Power and Housing

Babatunde Fashola: 945MW to be added to national grid before year end

The Minister of Power, Works and Housing, Mr Babatunde Fashola, on Thursday said that additional 945 megawatts of electricity would be added to the national grid before the end of the year.

Federal government revives $2.5 billion solar power projects

The investors in the 14 solar IPPs signed Power Purchase Agreements (PPAs) with the Nigerian Bulk Electricity Trading Plc (NBET) in July 2016.

Power stakeholders jittery over 2019 terminal date for N701 billion PAG programme

Palpable fear may have gripped stakeholders in the power sector value chain over the fate of the electricity Generating Companies (Gencos) should the N701 billion Payment Assurance Guarantee (PAG) programme end next year.

House of Reps call for reinstatement of suspended electricity board

The House of Representatives has asked the Nigerian Electricity Regulatory Commission (NERC) to reinstate the suspended board of Ibadan Electricity Distribution Company (IBEDC).

Babatunde Fashola: What Africa must do to effectively utilise renewable energy

The Minister of Power, Works and Housing, Babatunde Fashola, on Monday said Africa must intensify efforts at improving transmission grid for renewable energy to be effectively developed on the continent.

Ogun govt partners IPPs for stable power supply

The Ogun State Government has restated its commitment to provide stable power supply to residents of the state.

Fugitive ex-pension chief Abdulrasheed Maina stopped receiving salary in 2013 – AG Ahmed Idris

Ahmed Idris, accountant general of the federation, says Abdulrasheeed Maina, former chairman of the Presidential Task Force on Pension Reforms (PTFP), is not receiving salary as claimed by his counsel.

Oando conceived Lagos midstream jetty to save Nigeria $50 million annually

Across Africa, the Public Private Partnership (PPP) model has become increasingly critical as both a funding and operational mechanism for social and economic infrastructures

Police personnel protest non-payment of salaries in Kaduna

Police personnel of the Kaduna State Police Command are presently carrying out a peaceful protest against the non-payment of their August and September salaries.

Recent Stories

Federal government, power firms disagree on stranded 2,000MW

Electricity distribution companies do not believe that there are about 2,000 megawatts of electricity that are stranded in the Nigerian power sector.
Bola Tinubu

Asiwaju Tinubu: Election postponement painful, but Nigerians must maintain their commitment

All Progressives Congress National Leader and Co-chair of the party’s Presidential Campaign Council, Asiwaju Bola Tinubu, has said though the postponement of yesterday’s Presidential and National Assembly elections was painful, all those who actually came out to vote and those who intended to vote in the postponed elections must maintain their commitment.

INEC: Nobody forced us to postpone elections

The Independent National Electoral Commission (INEC) has said the decision to postpone the 2019 general elections was entirely that of the commission and not due to any external influence.

Shock, disappointment trail election postponement

Many Nigerians have reacted over the postponement of the presidential and National Assembly (NASS) elections by the Independent National Electoral Commission (INEC). While some have expressed shock and disappointment, others see it as a welcome development that will enable the electoral umpire conduct proper elections. Yet others see it as a distraction and a way of discouraging people from voting.
The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has ruled out political influence in the postponement of the Presidential and National Assembly elections earlier scheduled to hold on February 16 and March 2, 2019.

INEC chairman explains reasons for postponement of elections

The INEC Chairman, Professor Yakubu Mahmood has explained why the commission postponed the Presidential and National Assembly elections scheduled for Saturday, February 16.