New Investors Increase Transcorp Power Value By 33%

Transcorp Power Plc's strong, sustained stock posture and the increasing number of early investors who are interested in the company's potential for future profits...

FG Warns DisCos of Licence Revocation Over Blackout

The Federal Government has issued a stern warning to power distribution companies (DisCos) regarding the ongoing widespread blackout in Nigeria. The government has threatened...

Sahara Group Foundation Partners LSETF, IBILE Oil And Gas, Wecyclers, To Launch 7th Go-Recycling Hub In Ikorodu LCDA

In its ongoing commitment to fostering sustainable waste management across Lagos State, the Sahara Group Foundation has teamed up with the Lagos State Employment...

Tinubu Launches $800m Aba Power Plant After 20 Years

Twenty years after former Minister of Power Barth Nnaji first proposed the project, President Bola Tinubu opened the Geometric Power Plant in Aba on...

FG To Create 1,268MW From Eight New Power Plants

The Federal Government is anticipating 1,268 megawatts of power from the concession and development of eight brown and green field hydropower projects created through...

Geregu Power Increases Shareholders’ Wealth 8X

Few listed stocks have had a big rise in market valuation in 2024. As one of the fortunate few, Geregu Power Plc now has...

IBEDC Disconnects UCH Over N500m Debt

The Ibadan Electricity Distribution Company (IBEDC) has terminated power supply to the University College Hospital in Ibadan, Oyo State, due to an outstanding debt...

Senate Begs FG To Stop Increase In Electricity Tariff

The Senate has asked the federal government to halt its intended removal of the power subsidy in order to prevent the projected increase in...

Senate Rejects Electricity Tariff Hike, Launches Probe into N2tn Subsidy

The Senate has taken a stance against the proposed electricity tariff hikes by Distribution companies (DisCos), alongside rejecting plans to remove electricity subsidies amidst...

DisCos Express Concern Over Revenue Loss Due to Low Electricity Allocation

The electricity distribution companies (DisCos) have raised alarm over revenue losses resulting from the challenges of low power allocation, primarily caused by the inadequate...

FG Officially Hands Over Zungeru Hydroelectric Power Plant to Concessionaire

The Federal Government made a significant move on Tuesday by officially transferring the operations of the Zungeru Hydroelectric Power Plant to Penstock Limited, a...

Nigeria To Settle N3 trillion Inherited Debt

The Federal Government is dedicated to paying off the almost three trillion Naira debt it inherited in the electricity industry, according to Minister of...

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