In a landmark move for Nigeria’s energy sector, the Federal Government has successfully issued a ₦501 billion inaugural bond to settle decade-old debts owed to Generation Companies (GenCos). The bond issuance, which closed on January 27, 2026, marks the first major tranche of the Presidential Power Sector Debt Reduction Programme (PPSDRP). The bond issuance recorded …
The power grid has collapsed again, causing a nationwide blackout. This comes four days after the first major incident in 2026. Electricity supply from the grid to distribution companies (DisCos) across the country dropped to 0.00 megawatts (MW) from over 4,000MW on Tuesday morning, reflecting a nationwide power outage. Real-time data displayed on the Nigerian …
Twenty-four hours after Nigeria’s national grid collapsed, power generation has rebounded, reaching 4,410 megawatts (MW) as of Saturday evening, checks by Pinnacle Daily reveal. Pinnacle Daily reports that as of 5:00 pm on Saturday, January 24, power generation has recovered, reaching 4,410.54 megawatts (MW). According to the Nigerian Independent System Operator (NISO) GRID performance dashboard, …
The National Power Grid collapsed for the first time in 2026, leaving major parts of Nigeria in total blackout. Checks by Pinnacle Daily on the Nigerian Independent System Operator Dashboard reveal that generation has dropped from a peak of 5,171.30 megawatts (MW) to 47.40MW as at 4:00 pm on Friday, January 23. Out of about …
The Nigerian government has reiterated its warning against charging customers for the installation of electricity meters. Minister of Power Adebayo Adelabu, who declared that meter installation is free of charge, warned that any electricity Distribution company (DisCo) official or installer caught demanding money for meter installations will face public prosecution. The minister gave the warning …
Nigeria’s electricity distribution companies (DisCos) recorded a total of ₦653.19 billion in losses in their revenue collections over 12 months. This is even as electricity billing rose by 12.9 per cent from ₦466.69 billion in the third quarter of 2024 to ₦706.61 billion in the same period of 2025. Quarterly reports released by the Nigerian …
Billionaire businessman Femi Otedola has exited his shareholding in Geregu Power Plc through a deal reportedly worth around $750 million. The transaction was concluded on December 29 2025 and until the completion of the share sale, he was the majority owner of the Lagos-quoted firm. The serial investor, who was also the chairman of Geregu …
The Transmission Company of Nigeria (TCN) says 131 cases of infrastructure vandalism were recorded across its network from January to November 2025. TCN said despite this threat, it achieved a historic milestone in power transmission in 2025. In a review of the outgoing year, the company said it recorded an all-time peak electricity generation in …
Minister of Power Adebayo Adelabu has urged stakeholders to embrace the ongoing reforms in the power sector and work together to build a decentralised and competitive electricity market. He stated that ongoing reforms driven by the Electricity Act 2023 have attracted over $2 billion in new investments. Adelabu, who spoke at PwC’s Annual Power and …
Amid efforts to close the metering gap in Nigeria, new data has shown that over 68 per cent of electricity consumers bypass the use of prepaid meters. This indicates a systemic crisis in the Nigerian electricity supply industry as it reveals not just a revenue issue, but a symptom of deep-seated problems within the power …
