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Nationwide Blackout As Power Grid Collapses Twice In Two Hours

The nation’s power grid collapsed twice in two hours on Thursday, worsening the blackout being experienced by consumers in parts of the country. The grid, which is being managed by the government-owned Transmission Company of Nigeria, has continued to suffer system collapse over the years amid a lack of spinning reserve that is meant to... Continue Reading →

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We’ll Enforce Electricity Tariff Increase From April – Discos

Power distribution companies on Monday declared that the new electricity tariffs shall become enforceable from April 1. Speaking through their umbrella body, Association of Nigerian Electricity Distributors, the Discos explained that the new tariffs ordered by the Nigerian Electricity Regulatory Commission would cater for revenue shortfalls in the sector. In a tariff review clarification notice... Continue Reading →

Electricity Tariff Hike: It’s Daylight Robbery, Labour, Others Tell FG

Organized labour, industrialists and civil rights groups on Sunday condemned the hike in electricity tariffs by the Federal Government. Labour, in an interview with Punch NG,  described the electricity tariff hike as a daylight robbery considering the epileptic power supply in the country. The Lagos Chamber of Commerce and Industry, on its part,  berated the ... Continue Reading →

World Bank Gives Nigeria $3BN Loan For Electricity Project

The World Bank has agreed to give Nigeria a $3 billion loan for the expansion of the transmission and distribution facilities of the power sector, Minister of Finance, Zainab Ahmed, has revealed The Cable News NG reports. According to her, the loan would be disbursed in four tranches of $750m each beginning from next year... Continue Reading →

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