The Federal Government has approved a 50 per cent subsidy for the electricity consumed in public hospitals across the nation.

The Board and management of the Port Harcourt Electricity Distribution Company, PHED, has described as fallacious, insinuations by an online medium that about N4. 3 billion was misappropriated by some top shots in the company.

The Rural Electrification Agency, REA, Monday disclosed that over 1.4 million people benefited from its implementation of the 2023 capital projects through several solar energy programmes initiated by the Federal Government.

The Transmission Company of Nigeria (TCN) has sought stakeholders’ concerted efforts to curb incessant vandalism and encroaching within the transmission Right of Way, saying in 2024 alone, over a hundred transmission towers were vandalised within communities in Kaduna State.

The Minister of Power, Chief Adebayo Adelabu yesterday disclosed that the Federal Government has paid N205 billion to electricity generation companies, GenCos, as part of efforts to reduce the N1.3 trillion debt owed to them.

Electricity accounts for 20% of the world’s total energy consumption, with global energy consumption set to grow by 1.8% in 2024, largely driven by strong demand in Asia, the Economic Intelligence reports.

The Nigerian Electricity Regulatory Commission, NERC, has granted Oyo State the right to set up and regulate electricity supply and distribution within the State.

THE Nigerian Electricity Regulatory Commission, NERC, has barred the Nigeria Bulk Electricity Trading Plc from entering into new contracts for the bulk purchase and trading of electricity in the country.

There are indications that Nigeria’s frequent electricity system collapse will continue because of 10 deep-seated problems facing the power sector and the inability of the government and other stakeholders to find lasting solutions to them in the short term.

The Federal Government, yesterday, said it expects the renewable energy sector to contribute about 9,000 Megawatts of power supply to the country by year 2030 as part of the general vision to end energy poverty in Nigeria.

The Federal Government Monday, said it has had discussions with the World Bank on plans to roll out 3.5 million electricity meters to support the Nigerian Electricity Supply Industry, NESI.

President Bola Tinubu has described as shameful, the fact that Nigeria despite its size was still generating 4.5GW of electricity.

This marks the second time the disco has announced a tariff hike for Band A customers, following the April 3 tariff increase.

The number of electricity consumers rose by 210,000, from 12.12 million in the fourth quarter of 2023 to 12.33 million in the first quarter of 2024.

The Nigerian Electricity Regulatory Commission, NERC, on Friday approved N21 billion for electricity distribution companies, DisCos, to procure meters for customers.