National power grid collapses second time in 2 days
Post AMUGE
November 7, 2024
Onome Amuge The power supply in Nigeria experienced another setback on Thursday, with the National Grid suffering a second collapse in just three days. This disturbing development was announced on the official X handle of the National Grid, which simply stated, “Another Grid Setback Experienced.” The latest power outage represents the fifth grid collapse in […]
Nigeria’s economic woes deepen as power grid collapse persists
Post AMUGEOctober 28, 2024
Economy loses $29bn annually- IMF Estimated billing worsening power outage- NBS ONOME AMUGE The Nigerian government has, since its self-rule, been marked by a long and troubling history of mismanagement and economic missteps. So persistent have these failings been that current leaders are almost always judged to be less competent than their predecessors, with expectations […]
NERC to hold public hearing over frequent grid failures Thursday
Post AMUGEOctober 21, 2024
Bamidele Famoofo The Nigerian Electricity Regulatory Commission (NERC) will hold a public hearing to address the persistent failures of the national electricity grid, which have severely impacted power supply across the country. In a statement released on Monday, NERC confirmed that the hearing will hold on Thursday, October 24, in Abuja. The session, according to […]
Rockefeller, Bezos turn to Nigeria’s energy sector to alleviate power shortages
Post AMUGEOctober 21, 2024
Onome Amuge In a move that signals a major step towards resolving Nigeria’s decades-long struggle with chronic power shortages, a consortium backed by influential entities, such as the Rockefeller Foundation and the Bezos Earth Fund, is set to make significant investments in the country’s energy sector. Bloomberg has revealed that a partnership between the Rockefeller […]
Spiro’s electric mobility expansion rides into Ogun State
Post AMUGEAugust 2, 2024
Business a.m. Spiro, Africa’s largest electric vehicle (EV) player has officially launched its operations in Ogun State, marking a pivotal moment in the electric mobility landscape of the continent’s largest economy. In an ambitious drive to electrify the nation’s transportation ecosystem, Spiro has set its sights on extending its operations across up to eight of […]
NERC strips NBET of middleman role in DisCo-GenCo transactions
Post AMUGEJuly 29, 2024
Onome Amuge In a recent move to shake up Nigeria’s electricity market, the Nigerian Electricity Regulatory Commission (NERC) said it has eliminated the role of the Nigerian Bulk Electricity Trading Plc (NBET) as a middleman between power generators (GenCos) and power distributors (DisCos). The NERC, in the newly released order on “Transition of Bilateral Trading […]
DisCos net N291bn, 79.11% billing efficiency amid 673 megawatts loss in Q1’24
Post AMUGEJuly 24, 2024
Business a.m. Nigerian Electricity Distribution Companies (DisCos) surpassed their revenue collection targets in the first quarter of 2024, generating N291.62 billion in revenue out of a total of N368.65 billion billed to customers. According to a recent report by the Nigerian Electricity Regulatory Commission (NERC), this translates to a collection efficiency of 79.11 percent, reflecting […]
eTranzact brings convenience to Northern Nigeria with Powercode expansion
Post AMUGEJuly 4, 2024
Business a.m. eTranzact Plc, a leading e-payment gateway company, has launched its utility bill payment service in the northern region of Nigeria, bringing convenience and efficiency to the electricity bill payment process in Jos, Bauchi, and Kaduna. Through the Powercode service, residents in these regions can now effortlessly top up their electricity bills by simply […]
Nigeria votes N21bn for free electricity metres to citizens
Post AMUGEJune 24, 2024
Business a.m. Nigeria’s central government in Abuja, the country’s political capital, has taken a significant step in addressing the country’s long-standing electricity metering issues by allocating N21 billion for the Presidential Metering Initiative. The initiative aims to bridge the nation’s vast metering gap by providing electricity metres at no cost to unmetered power users across […]
World Bank, AfDB strike partnership to boost electricity access for 300 million Africans
Post AMUGEApril 19, 2024
Business a.m. The World Bank and the African Development Bank (AfDB) have joined forces in an initiative to combat Africa’s energy poverty crisis by increasing access to electricity across the continent. The landmark partnership aims to empower at least 300 million people with reliable and affordable power supply by 2030, improving living standards and boosting […]