POWER Archives - KOKOMANSION MEDIA

EFCC investigating controversial award of the $5.8 billion Mambilla hydro-electric power project to Sunrise Power – Power Minister

November 2, 2022November 2, 2022Ayo Olowo

NIGERIA – The minister of power, Abubakar Aliyu, has said the Economic and Financial Crimes Commission (EFCC) is currently investigating the controversial award of the $5.8 billion Mambilla hydro-electric power project to Sunrise Power. Recall that Sunrise has taken Nigeria to arbitration alleging breach of contract, but the manner of the award of the contract […]

Nigerian Govt approves 16 power projects, gives breakdown

December 23, 2021December 23, 2021Ayo Fashanu

Nigeria’s Federal Government on Thursday approved 16 memos presented by Minister of Power, Engr. Abubakar Aliyu. The approval was given at the weekly Federal Executive Council (FEC) meeting which was presided over by Vice President Yemi Osinbajo. Aliyu who spoke with State House reporters said the action was in response to the demand for increased […]

Transcorp Energy Presents Alternative Energy Solution to Nigeria

July 3, 2021July 3, 2021Ayo Olowo

Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, one of Nigeria’s leading power producers, announced an alternative energy solution to Nigeria, as part of its broader integrated energy strategy. Unveiling Transcorp’s alternative energy plan at a meeting with the Honourable Minister of Science & Technology, Dr. Ogbonnaya Onu, Peter Ikenga, the Head of Transcorp’s Energy […]

COVID-19: There will be a 3-month delay in electricity tariff increase – Minister

April 1, 2020April 1, 2020Eben Tanimola

The Nigerian Electricity Regulatory Commission (NERC) says there will be a 3-month delay in the implementation of any electricity tariff. Minister of Power, Mr Sale Mamman made this known in a statement in Abuja on Tuesday. Mamman said that the delay in the implementation of the tarrif was one of several critical actions that the […]

Nigeria in darkness as national electricity grid collapses

December 12, 2019December 12, 2019Eben Tanimola

Blackout is currently rocking Nigeria as electricity distribution companies (DisCos) have announced another collapse of national electricity grid. In different statements by the DisCos on Wednesday, it was said that the blackout in the country is as a result of the industrial action by electricity workers. Earlier on Wednesday, the National Union of Electricity Employees […]

Gencos release 3,216 MegaWatts-hour of electricity to national grid

October 4, 2019Ayo Olowo

Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,216 Megawatts-hour of electricity into the national grid on Wednesday . This is contained in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained by the News Agency of […]

Lack of power, finance, others has killed 130 textile companies

May 6, 2019May 6, 2019News Agency

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that no fewer than 130 textile companies have died in the country in recent times due to some constraints. Emefiele made the statement during a courtesy call on Gov. Aminu Masari of Katsina State on Monday. ‘’Textile industries used to be the […]

Some states now have almost 24hours electricity supply – Fashola

March 27, 2019March 27, 2019Eben Tanimola

Nigeria’s minister of power, works and housing, Babatunde Fashola, has claimed that some states in the country now enjoy “almost 24 hours” of electricity supply. Speaking on Wednesday at a programme on Channels Television, the minister said the increase in electricity supply is as a result of the increase in transmission capacity. Fashola said even […]

Police, power sector lead most corrupt institution in Nigeria (Full Details)

March 26, 2019March 26, 2019Ayo Olowo

The police in Nigeria have emerged as the most corrupt public institution in the country, according to a new survey released today by Socio-Economic Rights and Accountability Project (SERAP). The power sector was ranked second in the survey’s corruption index, which examined five public institutions in Nigeria in the last 5 years. Other public institutions […]

‘We’ll recover $16bn wasted on power’ — Buhari hints at probing Obasanjo

February 12, 2019February 12, 2019Ayo Olowo

President Muhammadu Buhari has vowed to recover the $16 billion dollars allegedly wasted on the power sector when the Peoples Democratic Party (PDP) was in power. Speaking at the All Progressives Congress (APC) presidential rally in Yenagoa, Bayelsa state capital, on Tuesday, the president vowed to go after the people who mismanaged the money meant […]