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 …
Despite efforts to close the metering gap in the Nigerian Electricity Supply Industry (NESI), not less than 5.38 million registered customers nationwide remain unmetered as at August 2025. This was revealed in the latest Metering Factsheet released by the Nigerian Electricity Regulatory Commission (NERC). According to the fact sheet, the total number of active customers …
Power generation companies (GenCos) in Nigeria have lost an estimated ₦987.92 billion in five years due to the persistent electricity crisis arising from frequent collapse of the national grid and poor distribution infrastructure. A recent report released by the Association of Power Generation Companies (APGC) explained that the figure represents the value of electricity that …
