Nigeria’s power Generation Companies (Gencos) recorded a weak cash recovery in 2025, with only 39.25 per cent of their total invoices settled, as unfunded government subsidies ballooned to N1.85 trillion in one year, weighing heavily on the liquidity of the electricity market. Latest industry data showed that Gencos issued invoices …
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An Investigative Police Officer, IPO, Insp Israel Ojo, on Monday, January 2023, told an Ikeja Special Offences Court how a Nollywood actor, Temitayo Phillips Ogunbusola, allegedly stabbed his neighbour, Oladotun Osho, to death over a N1,000 electricity bill, IGBERETV reports. The 32-year-old actor is being tried for murder which he …
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The exhibition of works of painting titled “Light Resolutions” by Akeem Adeleke, which tackles the hydra-headed problem of electricity supply in Nigeria, could not have come timelier. The public opening which began November 20, 2022 at Legacy Empire Gallery, LLC, runs till November 24, 2022. In presenting “Light Resolutions”, Curator …
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Some members of the house of representatives on Tuesday tackled Abubakar Aliyu, minister of power, over the electricity situation in the country. Aliyu had appeared at an interactive session organised by the committee on power. The lawmakers expressed reservations over the erratic power supply experienced across the country in recent …
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The nation’s power generation dropped to 3,390.7 megawatts on Monday as seven plants, including three built under the National Integrated Power Project, sat idle. Electricity generation has been hovering around 2,600MW and 3,800MW as of 6.00 am every day since the start of this month, according to data obtained by …
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A new report by the Socio-Economic Rights and Accountability Project, SERAP, has revealed how over N11 trillion meant to provide regular electricity supply was allegedly squandered under the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan. According to the report, “The total estimated financial loss to Nigeria …
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