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Electric power

Lagos moves to scrap electricity band model, plans uninterrupted power supply

Lagos Government has announced plans to scrap the electricity customer band system introduced by the Nigerian Electricity Regulatory Commission (NERC). This it added is in line with efforts to achieve more stable power supply across the state. Under the framework introduced…

TCN commissions two new 600MW plants to national grid

Transmission Company of Nigeria (TCN) has added 600MW of power to the national grid following the commissioning and evacuation of electricity generated by the Azura Power Plant and the Niger Delta Power Holding Company plants. Managing Director of TCN, Sule Abdulaziz,…

Enugu Electricity downgrades 59 feeders over poor performance

Enugu Electricity Regulatory Commission (EERC) has downgraded 59 electricity feeders operated by MainPower Electricity Distribution Company Limited over what it described as persistent failure to meet the minimum power supply hours required under the Service-Based Tariff regime. MainPower, a subsidiary…

Business Capital Market Commerce and Industry e-Platform Economy Electric power Energy

Dangote’s East Africa Refinery, 20,000MW power plans signal continental expansion

Ziggy Ojiegbe Plans by Nigerian industrialist Aliko Dangote to replicate his $20 billion Lagos refinery complex in East Africa emerged as one of the defining announcements at the just concluded Africa Forward Summit hosted by the governments of Kenya and…

Electric power Environment Industry & Commerce Innovation

Dismantling limits: Cherry unveils e-SUV that sails across rivers like boat

Frank Okon Chery has pushed the boundaries of electric off-road technology with the unveiling of the Jetour G700, a plug-in hybrid SUV capable of floating across rivers and functioning like a boat in emergency situations. The development highlights the increasingly…

Business Commerce and Industry Economy Electric power Energy Money Market

Nigeria firms get $83m IFC-Norfund funding for off-grid power development

500,000 households to be connected, 2.9m people to be served Ziggy Ojiegbe A new financing push led by the International Finance Corporation and Norway’s Norfund is set to expand electricity access to millions of Nigerians living beyond the reach of…

Flight without fuel: Electric air taxis signal a clean break for aviation

Frank Okon Aviation took a visible step toward a cleaner future this week as Joby Aviation completed the first point-to-point electric air taxi flights in the history of New York City, signaling that urban air mobility is moving from concept…

Business Electric power Energy Environment

Global solar power generation jumps 636TWh to record 2,778 TWh in 2025

Frank Okon Global solar power generation surged to an unprecedented level in 2025, rising by 636 terawatt-hours (TWh)—a 33% increase over 2024—to reach a record 2,778 TWh, according to the Ember Global Electricity Review 2026. The increase marks the largest…

China’s solar power export to Africa hit 19GW in 2025, toppling Nigeria’s total generating capacity

Frank Okon Chinese firms shipped a significant 19,000 megawatts of solar generating capacity to Africa in 2025, marking a 48% increase on 2024. The scale is striking when set against countries like Nigeria, where total available grid power has at…

UN says renewables guarantee security amid global energy shocks

Ziggy Ojiegbe The conflict in the Middle East is driving up global oil and gas prices, underscoring the strategic value of renewable energy, the UN’s top climate change official warned on Monday. Speaking at the 2026 Green Growth Summit in…