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World Bank withdraws $717m power sector loan facility to Nigeria over unsatisfactory performance
World Bank and Federal Government have both claimed responsibility for the reported cancellation of the $717m undisbursed power sector loan facility from the financial institution. Federal Government had, Tuesday, announced the cancellation of the $717.7 million in undisbursed funding under the…
5m electricity consumers remain unmetered nationwide — NERC, as DisCos install 241,590 meters in 2 months
Electricity Distribution Companies (DisCos) in Nigeria installed a combined total of 241,590 new meters in January and February 2026, according to the Nigerian Electricity Regulatory Commission (NERC) monthly metering fact sheet. This is also as the commission noted that a…
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…
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…
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…
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…
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…
