The Minister of Power, Mr Adebayo Adelabu has reiterated the Federal Government’s commitment to ensure stability in the power sector. Adelabu gave the assurance in his Easter message, signed by his Special Adviser on Strategic Communications and Media Relations, Mr…
…As tariff reforms drive historic growth By Seun Ibiyemi The Minister of Power, Mr Adebayo Adelabu, has revealed that Nigeria’s power sector recorded an additional N700 billion in revenue in 2024, marking a striking 70 per cent increase compared to…
…As Transcorp reports N94.1bn profit after tax By Seun Ibiyemi The Chairman of Transnational Corporation Plc (Transcorp), Tony Elumelu, has called on key stakeholders within the federal government to show courage and decisiveness in realising President Bola Ahmed Tinubu’s vision…
By Seun Ibiyemi Vice President Kashim Shettima on Tuesday inaugurated the Board of the Nigerian Independent System Operator (NISO) Limited at the State House in Abuja, marking a significant step in the federal government’s ongoing effort to restructure and strengthen…
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has voiced apprehension regarding the possible dangers associated with the Naira-for-crude oil policy. The association cautioned that the policy could threaten Nigeria’s foreign exchange stability and deter Foreign Direct Investment…
The ongoing destruction of Nigeria’s power infrastructure is no longer just an inconvenience but a looming threat to national security and economic stability. Over the past month alone, more than 18 transmission towers were vandalized in various states including Rivers,…
By Temitope Ajayi Angered by the appalling situation of Nigeria’s electricity supply sector over several decades of doing the wrong things by successive governments with no remedy in sight, even after hundreds of billions of public funds had been expended,…
By Seun Ibiyemi In an alarming turn of events, Nigeria’s national power grid collapsed 12 times in 2024 under President Bola Tinubu’s administration, leading to widespread power outages that disrupted lives and crippled businesses across the country. This marks a…
The recent announcement by the Minister of Power, Oloye Adebayo Adelabu, regarding Nigeria’s renewable energy investments provides a glimmer of hope for millions of citizens struggling with the country’s long-standing power supply challenges. Speaking at a workshop hosted by the…
…Grid collapse costs Nigeria N42.5bn – Report …Regulatory gaps, security challenges affect power sector — Chair, Senate C’ttee The Senate on Thursday has declared the privatisation of the power sector a ‘total failure’ and threatened to repeal the policy due…
