The Bureau of Public Enterprises (BPE) Tuesday disclosed that Fidelity Bank has activated the call on the collateralised shares of Kano, Benin and Kaduna (Fidelity and AFREXIM) DisCos and has taken over the three Discos. The BPE also said that they have initiated action to take over the Boards of Read More
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The management of Abuja Electricity Distribution Company (AEDC), says it is embarking on 40 quick-win projects geared towards rehabilitating its network to increase availability of electricity. Its Managing Director, Mr Adeoye Fadeyibi, in a statement on Saturday, said that the projects rangefrom relieving over loaded feeders and network strengthening. Also planned Read More
Nigeria’s national electricity grid was said to have collapsed, placing many homes without power supply. Stakeholders announced late Sunday that the collapse occurred just before 7pm. This is the fifth reported collapse in 2022. The Government blames poor management and low gas supply as the major causes of the repeated Read More
The African Development Bank (AfDB) has said that Africa will require an estimated annual investment of $32 – to $40 billion in the energy value chain to achieve universal access for electricity by the year 2030. This was unveiled in the AfDB’s African Economic Outlook 2022, during the Bank’s Annual Meetings Read More
Abuja Electricity Distribution Plc (AEDC) has announced the appointment of Adeoye Fadeyibi as its new Managing Director/Chief Executive Officer. Fadeyibi, a turn-around manager with over 20 years executive management experience, succeeds Akinwumi Bada, who served as the company’s Interim Managing Director since last year and is now leaving to Read More
National leader of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu, has proposed a seven-point agenda, which he said would revive the country’s troubled economy and drastically reduce its dependence on petro-dollars. The APC presidential aspirant said his desire to succeed President Muhammadu Buhari is to further improve Read More
The Federal Government, FG, has expressed optimism that the various funding arrangements amounting to about $4 billion it has put in place to boost power transmission capacity and other power infrastructure in the country would lead to improved power supply to Nigerians. Nigeria’s electricity supply in the past two weeks Read More
Nigeria’s electricity supply has in the last few weeks gone through a turbulent time with the national grid collapsing twice in barely 36 hours. This coupled with the inability of power generation companies (GENCOs) to put load on the national grid, inadequate transmission and distribution infrastructures have continued to rob Read More
