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 →

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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