power

The United States Ambassador to Nigeria, Richard Mills has pledged the US government's support to the Nigerian government's bid to improve access to regular power supply to businesses and households in the country. Mills spoke at a meeting…

Transnational Corporation Plc (Transcorp Group), has reported increase earnings of N88.6 billion in its first quarter in 2024, a 173 per cent hike from N32.4 billion recorded in 2023. Transcorp is a Nigerian conglomerate with investments…

The equities market of the Nigerian Exchange Limited (NGX) reversed the previous day’s loss with a gain of N188 billion, as bargain hunting in Geregu Power Plc and 20 others underpinned market performance. Consequently, the All Share…

An agreement between the Senate Committee on Power and the federal ministry of Power has been reached regarding the concession of 700 megawatts of Zungeru Hydroelectric Power. Addressing the Senate committee on power chaired by Gabriel…

With an offer of  $2,107,530,000.00, Mainstream Energy Solutions Limited (MESL) has won the bid for the concession of the Zungeru Hydroelectric Power plant (ZHPP). The $2.11 billion at a breakdown of  $70,251, 000.00 per year…

Huge hope is now placed on the 1,650mw Makurdi Hydro Power Plant (MHPP) to bridge the energy shortfall in the country and also mitigate flooding when it is completed .

ECOWAS Regional Electricity Regulatory Authority (ERERA) is planning the launch of the second and competitive phase of the regional electricity market for the benefits of the industry in the region. The chairman of the regional…

ECOWAS Regional Electricity Regulatory Authority (ERERA) is planning the launch of the second and competitive phase of the regional electricity market for the benefits of the industry in the region. The chairman of the regional…

The Senate, on Wednesday, initiated moves to reverse the multimillion power sector deal spearheaded by the administration of President Muhammadu Buhari in 2016. Vice President Yemi Osibanjo, Babatunde Fashola and others who were…

The House of Representatives, through its committee on Power, has directed the Nigeria Electricity Regulatory Commission (NERC) to suspend its planned electricity increment. The electricity regulatory body had earlier announced planned…