Power/Energy

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Electricality Distribution coys generate N510b revenue in Q4 2024

Abuja, March 25, 2025 – Electricity Distribution Companies in Nigeria collected ₦509.84 billion revenue from customers from the ₦658.40 billion billing in the fourth quarter of 2024. The Nigerian Electricity Regulatory Commission (NERC) disclosed this in its 2024 Fourth Quarter Report published on its website. The report said the revenue collection translated to a collection efficiency rate of 77.44 per cent. NERC said the DisCos collected ₦466.69 billion in the third quarter of 2024 from the ₦626.02 billion billed, resulting in a 74.55 per cent collection efficiency rate “Eko DisCo …

TCN restores normal bulk power supply to Lagos

Abuja, March 18, 2025 – The Transmission Company of Nigeria (TCN) has restored normal bulk power supply to Eko and Ikeja Electricity Distribution companies in Lagos for onward distribution to their customers. Ndidi Mbah, its Spokesman, disclosed this in a statement on Tuesday.. The statement said the restoration followed the successful completion of repair works on a part of the 330kV transmission line between towers 420 to 422 of the Osogbo-Omotosho line which was completed at 8:55 pm on Saturday, March 15, 2025. It said the repair addressed a line …

Nigeria achieves 5,801.84 MW in power generation

Abuja, March 7, 2025 – Nigeria’s electricity generation has reached a peaked of 5,801 megawatts (MWh) and a maximum daily energy generation of 128,370.75 megawatt-hours (MWh) The Transmission Company of Nigeria (TCN) disclosed this in a statement on Thursday. It said this would be the highest level ever attained in power generation in Nigeria. TCN said the feat was achieved on March 4, 2025 at 21:15 hours with a stable frequency of 49.69Hz. It also attributed the feat to series of incremental improvements in the power sector. TCN said the …

Military men invade Ikeja Disco head office

Lagos, March 6, 2025 – Some men in military uniform were alleged to have stormed the headquarters of Ikeja Electricity Distribution Company in Lagos on Thursday morning. Sources said the men stormed the office, opposite MITV in Ikeja, Lagos, at about 7.00 am and manhandled some officials of the company. The invaders did not give reasons for their action, but some said the action was not unconnected with poor power supply.  (GBN)

Zimbabwe joins other African nations in exploring nuclear power

Harare, March 6, 2025 – Zimbabwe is joining other African nations exploring nuclear power as a way to help solve chronic problems with electricity supply. Demand for power continues to increase on the continent due to growing populations and economic expansion. The only African country currently producing nuclear energy is South Africa. The French-built Koeberg plant, near Cape Town, with two Framatome reactors and just more than 1,800 MW of generation capacity, has operated for 40 years. Officials have said Russia would work on an expansion of that power station, …

Heirs Energies Leadership Forum 2025: Public, private sector leaders unite to drive Nigeria’s oil production growth

Abuja, Feb. 24, 2025 – Heirs Energies, Africa’s fastest growing indigenous integrated energy company, hosted its inaugural Petroleum Industry Leadership Dialogue at the Transcorp Hilton Abuja, bringing together public and private sector leaders to accelerate Nigeria’s production growth. Heirs Holdings’ subsidiary, Heirs Energies, convened the forum, moderated by CEO of Heirs Energies, Osayande Igiehon, and which featured distinguished speakers including the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri; Chief Commission Executive, NUPRC, Engr. Gbenga Komolafe; Chairman, OPEC Board of Governors and CEO, First E&P, Adewale Adeyemo-Bero; Executive …

FG requires $23bn to embark on energy access programme to transform power sector

Abuja, Jan. 30, 2025 – The Federal Government requires $23.2 billion to embark on energy access programme to transform the power sector. Out of the amount, $15.5 billion will be provided by the private sector. Bolaji Tunji, the Spokesman for the Minister of Power, disclosed this in a statement on Thursday. He said the programme, tagged the National Energy Compact, is being spearheaded by the Power Minister, Adebayo Adelabu. Tunji said the initiative was an outcome of the recently concluded Mission 300 Africa Energy Summit held in Dar es Salaam, …

330kV power transmission line vandalised in Makurdi – TCN

Abuja, Jan. 30, 2025 – The Transmission Company of Nigeria (TCN) says its Tower T195 along the Ugwuaji-Makurdi 330 Kilo Volt transmission line was vandalised on Saturday. Ndidi Mbah, the TCN Spokesperson, disclosed this in Abuja on Thursday. She said that the vandalism took place at Watuolo village, Utonkon in Ado Local Government Area of Benue. Mbah said that the vandalism was thwarted by the vigilance of the community members, who at about 3 am noticed suspicious activity around the tower. She said that the community members promptly apprehended one of …

Nigeria secures $1.1bn loan from AfDB to provide electricity for 5m people

Abuja, Jan. 30, 2025 – Nigeria has secured a $1.1 billion loan from African Development Bank (AfDB) to provide electricity for five million people by the end of 2026. Bayo Onanuga, a Presidential Spokesman, who disclosed this in a statement, said President Bola Tinubu made this known in a speech presented by Adebayo Adelabu, Minister of Power, at the just concluded two-day Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania. Tinubu also said that the AfDB’s $200 million in the Nigeria Electrification Project will provide electricity for 500,000 …

TMV commends $6.7bn investment inflow into Nigeria’s energy sector in 2024

Abuja, Jan,.27, 2025 – The Tinubu Media Volunteers (TMV) has described the inflow of $6.7 billion investment into the country’s energy sector in 2024 as encouraging and commendable.  The group made the commendation in a statement signed by its Chairman Chukwudi Enekwechi and Secretary Shedrach Sunday. It said the investment inflow was a consequence of incentives introduced by President Bola Tinubu’s administration. “We note that this information was contained in the “Presidency Energy Sector Wrap-up 2024” and released by the Special Adviser to the President on Energy, Olu Verheijen. “It …