Wider participation in the Nigerian Electricity Supply Industry (NESI) are expected this year with the maturation of different states’ electricity commissions and sub-companies and involvement of eligible and bilateral customers, reports JOHN OFIKHENUA. To a large extent, in 2025, the success and failure of the Nigerian Electricity Supply Industry (NESI) would depend essentially on the security of […]
Renowned economist and Chief Executive Officer of Financial Derivatives Company Limited, FDC, Bismarck Rewane, in this interview shares his outlook for the economy in 2025. Among other things he explains why Nigerians can’t have inflation that is lower than 25% in 2025. He also highlights factors that will help the Naira appreciate to N1,550/$ and the imperative […]
The Transmission Company of Nigeria has reported that one of its critical infrastructures, the Shiroro-Katampe 330kV transmission line, has been vandalised, making this incident the sixth of its kind this year. It said key components of the conductor between towers T216 and T218 were stolen by the vandals. A statement by the General Manager of […]
The Federal Government says it has shifted its focus to the renewable energy sector to enhance supply to the education, health, agriculture, rural communities, and transportation sectors. It also said that deploying mini-grids to solve energy access problems in rural communities through the e-HEART project will benefit 80 million Nigerians who are estimated to lack […]
As we inch closer to the formal unveiling of our new brand, the MD/CEO, Umar Abubakar Hashidu, inaugurated the company’s brand ambassadors drawn across the area offices within Kaduna Region. The inauguration signifies the deliberate intention of Kaduna Electric to set new standards in service delivery that align with the objectives of the new brand.
Nigeria’s Minister of Power, Adebayo Adelabu, has announced plans to expand the national grid by an additional 150 megawatts of power before the end of this year following the completion of phase one of the Presidential Power Initiative also known as the Siemens project. Oti Ikomi, CEO of Proton Energy joins CNBC Africa to discuss […]
The Director-General of the Bureau of Public Procurement, Adebowale Adedokun, on Monday, said the bureau negotiated a $115,000 savings on the Presidential Power Initiative, otherwise known as the Siemens project. Adebowale said the savings demonstrate the BPP’s role in safeguarding government interests through due diligence. Speaking to State House correspondents in Abuja on Monday evening, […]
The Federal Government hassuspended the monthly review of electricity tariffs as power subsidy climbs to N768.68 billion in four months. There are also indications that the generation companies (GenCos), who only received 45 per cent of their invoices last month would have more to worry about next year as the Federal Government failed to make […]