Niger, Benin Repulic pay Nigeria $64.6bn for power supply

Babatunde Fashola PHCN power supply

The federal government of Nigeria said it has recovered the sum of $64.630, 065 billion from Niger and Benin republic as part payment for electricity supply to the two nieghbouring countries. Minister of Works, Energy and Housing Babatunde Fashola (SAN) made this known at the 21st monthly power stakeholders meeting in Asaba Monday. Addressing heads […]

NERC releases law on direct power purchase from Gencos

The Nigerian Electricity Regulatory Commission on Monday released the newly-approved eligible customers’ law and outlined the terms that would guide the direct purchase of electricity by end-users from power generation companies.

Babatunde Fashola PHCN power supply

In May this year, the Minister of Power, Works and Housing, Babatunde Fashola, declared that eligible power consumers would be free to purchase electricity directly from the Gencos. By declaring eligible customers, the minister empowered the consumers to buy electricity directly from licensees other than the power distribution companies, a development that the Discos opposed. […]

Lagos to experience eight-day power outage, IKEDC warns

Ikeja Electric Plc on Wednesday said there would be an interruption of power supply to some parts of Lagos from November 3 to 10. Head, Corporate Communications, Mr. Felix Ofulue, said in Lagos that the outage was part of the strategic efforts to improve power supply to consumers across the network. Ofulue said in a […]

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