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Tag: Power

Business

TCN Declares Force Majeure After Storm Topples Ikeja–Osogbo 330kV Line

The Transmission Company of Nigeria (TCN) has declared a force majeure on the Ikeja West–Osogbo 330kV transmission line following damage caused by a severe rainstorm. In a statement issued on Sunday and signed by its General Manager, Public Affairs, Ndidi Mbah, the company said the incident occurred on Thursday, April 16, when the transmission line […]

Economy

FG Incurs N418bn Power Subsidy

The Federal Government incurred a subsidy obligation of ₦418.79 billion in the fourth quarter of 2025, according to the latest data from the Nigerian Electricity Regulatory Commission (NERC). The electricity market regulator in its 2025 Q4 Quarterly report, noted that total amount invoiced by the GenCos for energy delivered to each DisCo and the Differential […]

Breaking News

Presidency Clarifies ₦3.3trn Settlement Plan Approved For GenCos By Tinubu

The Presidency on Thursday clarified controversy surrounding the approval of a ₦3.3 trillion plan by President Bola Tinubu, to settle verified legacy debts owed to Power Generation Companies (GenCos) between February 2015 and March 2025. The initiative, under the Presidential Power Sector Financial Reforms Programme, aims to stabilise the power grid and improve electricity supply, […]

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