Power Holding Company Of Nigeria (Phcn)
Despite the fact that Nigerians are without electricity, power distribution companies in Nigeria have declared a record profit in the last 12 months of 2021.
Despite having a huge electricity deficit in the world, Nigerian government continues to sell electricity to other countries, announcing over N200bn revenue.
A top presidential aide who served former presidents Olusegun Obasanjo and Goodluck Jonathan as special adviser on energy and power, Joseph Makoju, is dead.
The federal government has confirmed that the national grid has collapsed again, with updates on the situation by the minister of power, Engr Abubakar Aliyu.
Despite the erratic power supply in Nigeria, the Central Bank of Nigeria (CBN) said it disbursed N1.3trn to the power sector in country in the last 5 years.
The federal government has released a major update on the progress so far made to address the recent challenges in the Nigerian Electricity Supply Industry.