Moving beyond oil refining, petrochemicals, and fertilizer production, Africa’s richest man, Aliko Dangote, has revealed an ambitious plan to enter the electricity sector, targeting a power project capable of generating 20,000 Megawatts (MW). The African industrialist confirmed this new plan during an interview with the Managing Director of the International Finance Corporation (IFC), Makhtar Diop. …
Nigeria’s electricity distribution companies (DisCos) recorded N45.61 billion as revenue losses in February 2026 due to collection inefficiencies. According to the latest Commercial Performance Factsheet released by the Nigerian Electricity Regulatory Commission (NERC), 11 DisCos collected a total of N196.68 billion in revenue in February. The report indicates that the total energy billed to customers …
Residents of some parts of Lagos have been grappling with power outages in the last 48 hours following the shut down of the Egbin Power Station. The facility, located in the Ikorodu area of Lagos has an installed capacity of 1,3000 megawatts and supplies significant power to the national grid. According to a statement released …
The Lagos State Government is facing a wave of public backlash following its confirmation of mandatory permit fees for residential estates seeking to install solar energy systems. Critics of the policy described it as a “tax on sunlight” and a major setback to renewable energy adoption in Africa’s largest city. The public outrage emanated after …
Nigeria’s power sector continues to grapple with a deepening liquidity crisis as the Electricity Distribution Companies (DisCos) recorded a staggering ₦1.591 trillion in revenue losses over the last three years. The losses, driven by inefficiencies in the collection of bills, highlight the persistent struggle of the Nigerian Electricity Supply Industry (NESI) to achieve financial sustainability …
The Transmission Company of Nigeria (TCN) has declared a force majeure on its Ikeja West–Osogbo 330kV transmission line following the collapse of a key tower during a severe rainstorm on Thursday, 16 April 2026. In a statement released on Sunday, April 19, signed by TCN General Manager Public Affairs, Ndidi Mbah, the company said the …
The Nigerian Electricity Regulatory Commission (NERC) has introduced two major regulatory changes aimed at reducing national grid inefficiency and accelerating rural electrification. The first order on Transmission Loss Factor sets strategic targets to cut transmission losses, while the second establishes a comprehensive framework to license and integrate mini-grids for boosting electricity supply in unserved and …
Nigeria's electricity distribution companies (DisCos) recorded a revenue loss of ₦63.46 billion in January 2026, as severe gas supply shortages and persistent grid collapses crippled power generation across the country. According to a report issued by the Nigerian Electricity Regulatory Commission (NERC) titled “Commercial Performance of Distribution Companies”, 11 DisCos collectively generated ₦204.74 billion in …
President Bola Tinubu’s recent approval of a ₦3.3 trillion debt settlement plan has been touted as a significant move towards fixing the liquidity crunch that has choked the Nigerian power sector for years. However, the announcement has generated mixed reactions regarding its significance in the efforts towards ending the persistent blackouts that Nigerians have grappled …
For months now, electricity consumers classified under Band A —those promised a minimum of 20 hours of daily power supply—have continued to grapple with a frustrating reality of persistent power outages. In a country where darkness has long shaped daily life, the promise of a steady electricity should feel like relief. However, for many Nigerians, …
