NISO Flags Widespread Power Theft THE Nigerian Independent System Operator (NISO) has revealed that Nigeria’s national grid is losing approximately 180 megawatts (MW) of electricity to large-scale power theft, raising fresh concerns about inefficiencies in the country’s electricity sector. The disclosure was made by NISO Managing Director, Abdu Mohammed Bello, during a stakeholders’ meeting in […]
Operators Buckle Under Financial Strain NIGERIA’S electricity generation sector is facing renewed strain as several power plants shut down due to debts estimated at ₦6.8 trillion. The situation reflects years of accumulated liabilities owed to generation companies, driven largely by tariff shortfalls and weak remittances within the power market, according to a report by Bloomberg. […]
Nigeria’s Electricity Crisis: Structural Fault Lines Exposed NIGERIA’S electricity sector is once again under strain, as declining generation, repeated grid collapses and mounting debt combine to worsen supply across the country. Over the past quarter, electricity consumers in Lagos, Abuja and other cities have reported fewer hours of supply, undermining household welfare and business productivity. […]
By NINI NDUONOFIT-AKOH Mounting Debts Push Nigeria’s Power Industry to Edge NIGERIA’S electricity generation companies have raised fresh concerns over the health of the country’s power sector, warning that persistent unpaid obligations and weak market enforcement mechanisms could trigger systemic collapse. The warning came from the Association of Power Generation Companies, which revealed that more […]
NBET Completes ₦501bn Bond Issuance to Strengthen Power Market THE Nigerian Bulk Electricity Trading Plc has closed a ₦501.021 billion bond issuance under its ₦4 trillion Power Sector Multi-Instrument Programme, targeting long-standing liquidity gaps in Nigeria’s electricity value chain. Structure of the Issuance NBET said the tranche includes a ₦300 billion capital market bond and […]