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Power Sector Recovery: FG, W’Bank in discussion for $1bn loan

The Federal Government and the World Bank are in the final stage of negotiation for the release of $1bn performance-based loan for Nigeria’s Power...

Now the City comes to Me!

By Azuri Technologies It’s hard to believe sometimes that the Internet is only 25 years old. This change in the way we all live now...

Nigeria loses N1.12bn daily to non-availability of gas—Report

NIGERIA may have lost N1,121,000,000 on January 14, 2018, due to insufficient gas supply to generate power, according to the Spectator Index. According to the...

$75.5m Fibre Optic debt: We’ll rely on Court judgement- TCN

The Transmission Company of Nigeria (TCN) Friday, January 19, said it would rely on the legal processes it has initiated to recover about $75.5...

Firm floats Nigeria’s first power infrastructure bond

Viathan Group, a private company, has issued a $32 million infrastructure bond to fund power assets — the first of its kind in Nigeria. The...

‘Power Generation Firms now Getting 80% Monthly Payment’

Power generation companies are now getting about 80 per cent of the payments required by them to function properly, as against the previous situation...

EU pledges €25m for solar power projects’ transmission expansion

The European Union has pledged to support the expansion of Nigeria’s power transmission infrastructure with a grant of €25m (N7.6bn at the official exchange...

World Bank Readies $1bn Loan for Nigeria

The World Bank has commenced the process of evaluating Nigeria’s power sector recovery plans as part of requirements for  $1 billion loan facility to...

Finance, major challenge to renewable energy plan- Expert

A renewable energy expert and Chief Executive Officer, Community Energy Social Enterprise, Dr Patrick Tolani has said finance remains the major challenge faced by...

Power:Nigeria Generates 82,226 MW In Q3 2017 – NBS

The National Bureau of Statistics (NBS) says the power generation statistics showed that 82,266 Megawatts ( MWh) of energy was generated daily by power...

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