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News Power

Nigeria’s Electricity Tariff Freeze Signals Consumer Relief—but Sustainability Concerns Persist 

The Federal Government’s announcement that it has no immediate plans to increase electricity tariffs offers temporary relief to households and businesses already grappling with inflation and rising living costs.  Speaking during a media interaction in Lagos, Minister of Power Joseph Tegbe dismissed reports of an imminent tariff review, insisting that the government’s immediate priority is […]

Oil & Gas Power

Nigeria’s Power Generation Slumps as Discos Cut Back on Electricity Offtake

Nigeria’s fragile electricity market is facing renewed strain as national power generation continues to decline, driven largely by reduced offtake from electricity distribution companies (Discos).  Industry data in recent weeks indicate that available generation capacity has not been fully dispatched to the national grid, with several generation companies (GenCos) ramping down output due to insufficient […]