Nigeria power sector News
Latest articles and news about Nigeria power sector on AXL Media.
Latest Articles
- House of Representatives Orders 11 DisCos to Refund N55.4 Billion Metering Loan by November
Published: May 1, 2026
Section: Africa
The House of Representatives has mandated that Nigeria’s 11 Electricity Distribution Companies (DisCos) repay N55.4 billion in loans originally granted for the National Mass Meteri...
- Former Power Minister Barth Nnaji Attributes Decade Of Energy Decay To Halted Investment Frameworks
Published: Apr 28, 2026
Section: Africa
Professor Barth Nnaji has criticized the lack of new major power plant financing in Nigeria over the last 11 years, blaming the discontinuation of government backed risk guarantees...
- Transcorp Power Approves N41.2 Billion Dividend Following Substantial Capacity Expansion And Revenue Growth
Published: Apr 28, 2026
Section: Africa
Transcorp Power Plc finalized a total dividend payout of N41.2 billion for its shareholders during the 13th Annual General Meeting held in Abuja. The power generation company repor...
- Transcorp Power Plc Announces N91.4 Billion Annual Profit and Declares N41.25 Billion Dividend Following Capacity Expansion
Published: Apr 28, 2026
Section: Africa
Transcorp Power Plc reported a robust 2025 fiscal year at its 13th AGM in Abuja, with revenue hitting N398 billion and profit after tax rising by 14.25%. The company declared a tot...
- Adebayo Adelabu Resigns as Power Minister to Enter Oyo Governorship Race Amid Criticism of Sector Performance
Published: Apr 27, 2026
Section: Africa
Chief Adebayo Adelabu has officially resigned as Nigeria's Minister of Power to pursue his governorship ambition in Oyo State. His exit follows a tenure marked by significant budge...
- Federal Government Approves Future Electricity Tariff Hike as Political Concerns Delay Subsidy Withdrawal Until After 2027 Polls
Published: Apr 27, 2026
Section: Africa
The Nigerian government has reportedly granted approval for a new electricity tariff increase but is delaying implementation until after the 2027 general elections to avoid voter b...
- Transcorp Power Reports ₦39.6 Billion Pre-Tax Profit as Infrastructure Vandalism and Gas Shortages Hit Q1 Revenue
Published: Apr 25, 2026
Section: Africa
Transcorp Power Plc has released its Q1 2026 financial results, reporting a revenue of ₦94.59 billion and a profit before tax of ₦39.59 billion. Despite a year-on-year decline in e...
- Adelabu Resigns as Power Minister to Pursue Gubernatorial Ambitions Amidst National Grid Instability
Published: Apr 25, 2026
Section: Africa
Adebayo Adelabu has officially resigned as Nigeria's Minister of Power, submitting his exit letter to the Secretary to the Government of the Federation, Sen. George Akume. His depa...
- Transcorp Group Reports N50.7 Billion Pre-Tax Profit for Q1 2026 Despite Power Sector Infrastructure Challenges
Published: Apr 25, 2026
Section: Africa
Transnational Corporation Plc (Transcorp Group) has released its unaudited financial results for the first quarter of 2026, showing a 3% increase in Profit Before Tax to N50.7 bill...
- Nigeria Looks to Indian Energy Models to Salvage Fragile State Electricity Market Reforms
Published: Apr 24, 2026
Section: Africa
Nigeria is navigating a critical transition toward decentralized power following the Electricity Act 2023, which empowers states to manage their own energy value chains. Drawing on...
- Nigeria raises mini-grid capacity limits to 10MW as REA hails historic NERC regulatory overhaul
Published: Apr 15, 2026
Section: Africa
The Nigerian Electricity Regulatory Commission has issued transformative new regulations for the mini-grid sector, significantly increasing capacity thresholds to 10MW for intercon...
- Power Sector Rescue: Federal Government Inaugurates Monitoring Committee to Resolve Gas Supply Crisis
Published: Apr 13, 2026
Section: Africa
The Minister of Power, Chief Adebayo Adelabu, has established a Gas-to-Power Monitoring Committee to tackle the systemic bottlenecks hindering Nigeria’s electricity generation. Wit...