Power Holding Company Of Nigeria - PHCN
Tariff hike pushes power firms revenue to record high despite no improvement in power supply to Nigerians
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 heavy investments, Nigeria now generates 3,900 megawatts of electricity
Nigeria now generates about 3,904 megawatts of electricity for its over 200 million population which experts say is very little as the country needs 12,000MW.
Nigerian government announces over N225bn revenue from electricity export to 3 countries in 5 years
Despite having a huge electricity deficit in the world, Nigerian government continues to sell electricity to other countries, announcing over N200bn revenue.
Breaking: Nigeria loses top presidential aide who served in Obasanjo's cabinet
A top presidential aide who served former presidents Olusegun Obasanjo and Goodluck Jonathan as special adviser on energy and power, Joseph Makoju, is dead.
BREAKING: FG confirms collapse of national grid, says power supply will be restored soon
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.
CBN says it gave GENCos and DisCos N1.3 trillion in 5 years
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.
FG gives update on electricity situation, says restoration of regular power supply imminent
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.
Forex and inflation to drive hike in electricity tariff every 6 months, says NERC
Nigeria’s electricity regulator, the Nigerian Electricity Regulatory Commission (NERC) says Nigerian should expect electricity hikes twice yearly as forex rises
National grid collapses, diesel price hike worsen plights of businesses in Nigeria
The national power outage caused by the collapse of the national grid and the hike in diesel price has piled pressure on the fragile business climate in Nigeria
Power Holding Company Of Nigeria - PHCN
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