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Seplat Chairmanship cements Elumelu’s rising influence in Nigeria’s strategic sectors
Sopuruchi Onwuka The appointment of renowned investor and entrepreneur Tony Elumelu as Chairman-designate of Seplat Energy Plc marks more than a routine boardroom transition. It represents the latest milestone in the rapid expansion of his influence across Nigeria’s energy landscape…
GenCos reject FG’s N7trn resettlement plan, call for state of emergency in power sector
Federal Government’s debt owed to electricity generating companies (GenCos) have now reached N7 trillion, even as a planned resettlement option has been turned down by the operators, who insist on recovering their money. The GenCos have also called on government to…
Egbin Power rewards excellence, honours top employees at ERA 2026
Frank Okon Nigeria’s largest power generation company, Egbin Power, has reaffirmed its commitment to building a high-performance workplace culture by recognising and rewarding outstanding employees at its Employee Recognition Awards (ERA) 2026. The colourful ceremony, which brought together the company’s…
Amid persistent blackouts, DisCos rake in N598bn Q1, 2026
Nigerian Electricity DisCos Regulatory Commission (NERC) has disclosed that distribution companies (DisCos) in the country generated a combined total of N597. 55 billion in revenue during the first quarter of 2026. According to the NERC data, 11 electricity distribution companies generated…
NERC approves compensation for Band A electricity customers hit by blackouts
Nigerian Electricity Regulatory Commission (NERC) says it has approved a compensation package for eligible Band A customers affected by power supply shortfalls caused by grid generation constraints between February and March 2026. In a public notice issued on Thursday, June 4, NERC…
Akwa Ibom inaugurates State Electricity Regulatory Commission to stabilize power supply
Governor Umo Eno has formally inaugurated a five-member board of the Akwa Ibom State Electricity Regulatory Commission (AKSERC), tasked with transforming the state’s power sector within 18 months to guarantee reliable electricity supply and accelerate economic growth. The commission has…
NERC commences net billing scheme for ‘prosumers’ to sell excess solar electricity to grid
Nigerian Electricity Regulatory Commission (NERC) says it has commenced its Net Billing Regulations 2026 aimed at encouraging sale of excess power by individuals to their distribution companies (DisCos). According to the NERC, the scheme provides for eligible customers, known as “Prosumers,”…
FG’s N40bn debt, others crippling operations of Ibom Power Company — Gov. Eno
Federal Government’s N40 billion debt owed to the Ibom Power Company (IPC) is crippling operations of the state-owned generating company (GenCo), according to Governor Uno Eno. The Akwa State governor, Eno who disclosed this, weekend, during a media briefing in…
Labour unions reject World Bank, AfDB’s ‘Mission 300’ electricity initiative over debt concerns
Labour unions in Africa, including Nigeria, have jointly rejected the African Development Bank (AfDB) and World Bank-assisted ‘Mission 300’ electricity access programme, as they argued that the initiative further places ‘unsustainable debt burdens on already struggling governments.’ The labour unions while…
FG, consortium reach BOT agreement for $1.5bn 460MW Grand Katsina-Ala hydropower project
Nigeria has reached a build, operate and transfer (BOT) agreement with a consortium for the construction of a $1.5 billion Grand Katsina-Ala Hydropower Project in Benue State. The Nigerian government also confirmed the appointment of Maverick Energy Partners as the preferred…
