The Central Bank of Nigeria (CBN) says it has no plans to extend its special funding into other sectors beyond Agriculture, Aviation, Power and the manufacturing sectors. This was disclosed Wednesday in Lagos by Emmanuel Ukeje, the special adviser to the Governor of the Central Bank of Nigeria (CBN), while speaking on the impact and […]
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Nigeria Minister of Finance, Mrs Kemi Adeosun, has accused western powers of being blockage to Nigeria’s plan to improve power output through the use of coal. Adeosun said this on Wednesday in Washington during a discussion on the importance of addressing infrastructure gaps in developing countries at the World Bank, International Monetary Fund General Meetings. […]
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Constraint caused by shortage of gas to power reduced from 4,307 Mega Watts (MW) of August 5 to 3,967MW on Sunday. On the day under review, the Nigeria Electricity System Operator (SO) of the Transition Company of Nigeria (TCN) sent out 3175MW to the 11 distribution companies (DisCos). The Nigerian Electricity Supply Industry (NESI) that made […]
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The quantum of electricity generated in the country fell by over 1,000 megawatts within a space of eight hours on Tuesday. According to the Transmission Company of Nigeria, the generated electricity dropped by 1,018.5MW between 6am and 3pm. Data from the System Operator showed that the country generated 2,418.5MW of electricity as of 6am. But in a […]
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NATIONAL Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh, on Friday said that the party is on course to regain power in 2019. Metuh, who was let out of detention on bail on Thursday by the Economic and Financial Crime Commission (EFCC), said in Abuja that the PDP has now overcome the initial trauma […]
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Two hundred youths from Akwa Ibom State have been selected to undergo a one-year training on power sector development at the National Power Training Institute, Abuja, a statement by the state government has said. Addressing the youths before their departure at the Government House in Uyo, the capital, Governor Udom Emmanuel charged them to justify […]
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Power supply to households and businesses across the country plunged by 724.98 megawatts in 24 hours to 3,107.31MW on Wednesday, down from 3,832.29MW on Tuesday. The electricity generated on Wednesday dropped to 3,175.92MW from 3,914.74MW the previous day, according to data obtained from the Presidential Task Force on Power and the Federal Ministry of Power […]
Read More The nation has lost 1,153.66 megawatts of power in the last 20 days, worsening the load shedding arrangement that electricity distribution companies have been subjecting their consumers to. The electricity generated on Sunday, December 13, stood at 3,730.24MW, down from a peak of 4,883.90MW achieved on November 23, according to data from the Federal Ministry […]
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