Power Sector – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 31 Oct 2026 21:49:47 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Power Sector – InfoStride News https://www.theinfostride.com 32 32 Power Sector on Brink of Collapse Without Urgent Debt Settlement, Minister Warns https://www.theinfostride.com/power-sector-on-brink-of-collapse-without-urgent-debt-settlement-minister-warns/ https://www.theinfostride.com/power-sector-on-brink-of-collapse-without-urgent-debt-settlement-minister-warns/#respond Sat, 31 Oct 2026 21:50:47 +0000 https://www.theinfostride.com/?p=463462 Nigeria’s power sector is teetering on the verge of systemic collapse unless the government and electricity market stakeholders move swiftly to resolve mounting debts owed across the value chain. The Minister of Power issued the warning during a high-level address this past week, emphasizing that unresolved liabilities are eroding operational viability, discouraging investment, and undermining [...]

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]]> https://www.theinfostride.com/power-sector-on-brink-of-collapse-without-urgent-debt-settlement-minister-warns/feed/ 0 DisCos’ Revenue Drops to N182.11bn Amid Sector Challenges https://www.theinfostride.com/discos-revenue-drops-to-n182-11bn-amid-sector-challenges/ https://www.theinfostride.com/discos-revenue-drops-to-n182-11bn-amid-sector-challenges/#respond Sat, 31 Oct 2026 21:10:33 +0000 https://www.theinfostride.com/?p=465959 Nigeria’s electricity distribution companies (DisCos) recorded a 4.9 percent decline in monthly revenue, sliding to N182.11 billion, as the power sector continues to grapple with operational inefficiencies, liquidity constraints, and customer dissatisfaction. This development underscores the persistent challenges in Nigeria’s electricity value chain, despite ongoing reforms aimed at boosting power supply and financial viability. Industry [...]

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]]> https://www.theinfostride.com/discos-revenue-drops-to-n182-11bn-amid-sector-challenges/feed/ 0 Labour Unions Reject Proposed Ban on Strikes in Power Sector Reform Bill https://www.theinfostride.com/labour-unions-reject-proposed-ban-on-strikes-in-power-sector-reform-bill/ https://www.theinfostride.com/labour-unions-reject-proposed-ban-on-strikes-in-power-sector-reform-bill/#respond Sat, 31 Oct 2026 19:59:26 +0000 https://www.theinfostride.com/?p=463043 Labour unions across Nigeria have voiced strong opposition to a proposed amendment to the Electricity Act, which includes a controversial provision that seeks to outlaw industrial action within the nation’s power sector. The proposed legislative change, currently being debated at the National Assembly, aims to bar electricity workers from engaging in strikes or other forms [...]

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]]> https://www.theinfostride.com/labour-unions-reject-proposed-ban-on-strikes-in-power-sector-reform-bill/feed/ 0 Federal Government Reports 450MW Reinstated to National Grid Following Power System Overhaul https://www.theinfostride.com/federal-government-reports-450mw-reinstated-to-national-grid-following-power-system-overhaul/ https://www.theinfostride.com/federal-government-reports-450mw-reinstated-to-national-grid-following-power-system-overhaul/#respond Tue, 09 Dec 2025 13:42:42 +0000 https://www.theinfostride.com/?p=473179 The Federal Government has announced the successful return of about 450 megawatts of electricity to the national grid after completing a series of rehabilitation and upgrade works on key power generation assets across the country. The restored capacity, officials said, is part of a broader effort to tackle recurring power shortages, enhance grid stability and [...]

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]]> https://www.theinfostride.com/federal-government-reports-450mw-reinstated-to-national-grid-following-power-system-overhaul/feed/ 0 EU, FG Collaborate to Bridge Skills Shortage in Nigeria’s Power Sector https://www.theinfostride.com/eu-fg-collaborate-to-bridge-skills-shortage-in-nigerias-power-sector/ https://www.theinfostride.com/eu-fg-collaborate-to-bridge-skills-shortage-in-nigerias-power-sector/#respond Sat, 06 Dec 2025 14:11:17 +0000 https://www.theinfostride.com/?p=472992 The European Union (EU) and the Federal Government of Nigeria have entered into a renewed partnership aimed at addressing the persistent skills deficit hindering the country’s power sector. The initiative, announced following high-level energy and development dialogues between both parties, is expected to strengthen human capacity, improve technical competence, and support Nigeria’s transition toward a [...]

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]]> https://www.theinfostride.com/eu-fg-collaborate-to-bridge-skills-shortage-in-nigerias-power-sector/feed/ 0 Electricity Regulators Reveal Bilateral Power Firms Owe Nigeria $8.5 Million https://www.theinfostride.com/electricity-regulators-reveal-bilateral-power-firms-owe-nigeria-8-5-million/ https://www.theinfostride.com/electricity-regulators-reveal-bilateral-power-firms-owe-nigeria-8-5-million/#respond Sat, 11 Oct 2025 18:17:01 +0000 https://www.theinfostride.com/?p=468843 The Nigerian Electricity Regulatory Commission (NERC) has disclosed that power generation and distribution companies operating under bilateral arrangements owe the Federal Government a total of $8.5 million in unpaid market invoices. The revelation underscores rising concerns about financial discipline in Nigeria’s electricity market and the challenges facing the transition to a more competitive energy sector. [...]

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]]> https://www.theinfostride.com/electricity-regulators-reveal-bilateral-power-firms-owe-nigeria-8-5-million/feed/ 0 Federal Government Targets 7,000MW Boost to National Grid – Power Minister https://www.theinfostride.com/federal-government-targets-7000mw-boost-to-national-grid-power-minister/ https://www.theinfostride.com/federal-government-targets-7000mw-boost-to-national-grid-power-minister/#respond Wed, 08 Oct 2025 16:59:41 +0000 https://www.theinfostride.com/?p=468565 The Federal Government has announced plans to inject an additional 7,000 megawatts (MW) of electricity into the national grid as part of its comprehensive energy reform agenda aimed at transforming Nigeria’s power sector and ensuring reliable electricity supply across the country. The Minister of Power, Chief Adebayo Adelabu, disclosed this during a press briefing in [...]

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]]> https://www.theinfostride.com/federal-government-targets-7000mw-boost-to-national-grid-power-minister/feed/ 0 Tinubu Approves ₦4 Trillion Bond to Clear Debts Owed to GenCos and Gas Suppliers https://www.theinfostride.com/tinubu-approves-%e2%82%a64-trillion-bond-to-clear-debts-owed-to-gencos-and-gas-suppliers/ https://www.theinfostride.com/tinubu-approves-%e2%82%a64-trillion-bond-to-clear-debts-owed-to-gencos-and-gas-suppliers/#respond Tue, 07 Oct 2025 14:01:17 +0000 https://www.theinfostride.com/?p=468469 President Bola Ahmed Tinubu has approved the issuance of a ₦4 trillion bond to settle longstanding debts owed to power generation companies (GenCos) and gas suppliers across Nigeria. The move is part of the government’s broader plan to address the persistent liquidity crisis in the country’s electricity sector and restore financial stability to the power [...]

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]]> https://www.theinfostride.com/tinubu-approves-%e2%82%a64-trillion-bond-to-clear-debts-owed-to-gencos-and-gas-suppliers/feed/ 0 NSE Reports Minimal Progress in Power Sector Despite Ongoing Reforms https://www.theinfostride.com/nse-reports-minimal-progress-in-power-sector-despite-ongoing-reforms/ https://www.theinfostride.com/nse-reports-minimal-progress-in-power-sector-despite-ongoing-reforms/#respond Sun, 05 Oct 2025 13:36:52 +0000 https://www.theinfostride.com/?p=468313 The Nigerian Stock Exchange (NSE) has raised concerns over the slow pace of progress in the nation’s power sector despite years of policy reforms, privatization efforts, and substantial public and private sector investments. In its latest sectoral performance review, the NSE noted that the electricity industry continues to underperform in generation, transmission, and distribution, posing [...]

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]]> https://www.theinfostride.com/nse-reports-minimal-progress-in-power-sector-despite-ongoing-reforms/feed/ 0 FG Estimates $10 Billion Investment Gap in Nigeria’s Power Sector https://www.theinfostride.com/fg-estimates-10-billion-investment-gap-in-nigerias-power-sector/ https://www.theinfostride.com/fg-estimates-10-billion-investment-gap-in-nigerias-power-sector/#respond Thu, 14 Nov 2024 10:15:37 +0000 https://www.theinfostride.com/?p=394139 The Federal Government of Nigeria has pegged the investment gap in the power sector at an estimated $10 billion, highlighting the need for substantial funding to meet the nation’s energy needs and accelerate economic development. The assessment underscores the critical infrastructure shortfalls that continue to hinder reliable electricity generation, transmission, and distribution across Nigeria. Investment [...]

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]]> https://www.theinfostride.com/fg-estimates-10-billion-investment-gap-in-nigerias-power-sector/feed/ 0 FG Issues Clarion Call for Increased Investments in Power Sector https://www.theinfostride.com/fg-issues-clarion-call-for-increased-investments-in-power-sector/ https://www.theinfostride.com/fg-issues-clarion-call-for-increased-investments-in-power-sector/#respond Wed, 21 Feb 2024 21:41:52 +0000 https://www.theinfostride.com/?p=371368 In a bid to address the persistent challenges plaguing Nigeria’s power sector, the Federal Government has issued a resounding call for heightened investments. The call comes as part of a comprehensive strategy to catalyze the much-needed advancements in energy generation, distribution, and infrastructure. Powering Progress: The Urgent Need for Investments With electricity shortages continuing to [...]

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]]> https://www.theinfostride.com/fg-issues-clarion-call-for-increased-investments-in-power-sector/feed/ 0 Ekiti State Plans N600 Million Investment in Power Sector for 2024 https://www.theinfostride.com/ekiti-state-plans-n600-million-investment-in-power-sector-for-2024/ https://www.theinfostride.com/ekiti-state-plans-n600-million-investment-in-power-sector-for-2024/#respond Wed, 31 Jan 2024 10:00:02 +0000 https://www.theinfostride.com/?p=369355 The Ekiti State Government has revealed plans to allocate N600 million towards power interventions in the 2024 fiscal year. This announcement was made by the Commissioner for Budget and Economic Planning, Niyi Adebayo, during the presentation of the N159.5 billion budget titled “Budget of Sustainable Growth and Development.” Out of the N600 million earmarked for [...]

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]]> https://www.theinfostride.com/ekiti-state-plans-n600-million-investment-in-power-sector-for-2024/feed/ 0 Federal Government Celebrates Surge as Power Sector Cashflow Hits N900 Billion https://www.theinfostride.com/federal-government-celebrates-surge-as-power-sector-cashflow-hits-n900-billion/ https://www.theinfostride.com/federal-government-celebrates-surge-as-power-sector-cashflow-hits-n900-billion/#respond Fri, 15 Dec 2023 11:46:40 +0000 https://www.theinfostride.com/?p=364436 In a significant development announced on Thursday, the Federal Government revealed that Nigeria’s power sector has experienced a substantial boost in liquidity, soaring from N282 billion in 2015 to the current figure of N900 billion. This positive shift was highlighted during the Ministerial Retreat on the Integrated National Electricity Policy and Strategic Implementation Policy, as [...]

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]]> https://www.theinfostride.com/federal-government-celebrates-surge-as-power-sector-cashflow-hits-n900-billion/feed/ 0 Nigeria’s Power Sector and its New Superhero https://www.theinfostride.com/nigerias-power-sector-and-its-new-superhero/ Fri, 20 Dec 2019 19:54:01 +0000 https://www.theinfostride.com/?p=243635 Nigerian power sector sure has a new superhero in the Honourable Minister of State (Power), Mr. Goddy Jedy-Agba, OFR, whose intervention, again, mitigated what would have been a national embarrassment, as the country was plunged into total blackout last Wednesday. Although, the National Union of Electricity Employees (NUEE) have since suspended the strike it embarked [...]

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]]> National Assembly Will Demand Accountability In Power Sector – Ahmed Lawan https://www.theinfostride.com/national-assembly-will-demand-accountability-in-power-sector-ahmed-lawan/ Tue, 05 Nov 2019 11:26:32 +0000 https://www.theinfostride.com/?p=240394 Senate President, Ahmad Lawan has come out to say that the National Assembly will demand accountability and transparency in the power sector, especially in the application of funds proposed for it in 2020 budget. He said this recently when the Managing Director of the Niger Delta Power Holding Company (NDPHC) Chiedu Ugbo, led a delegation [...]

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]]> FG Is Committed To Tackling Issues In Power Sector – Timipre Sylva https://www.theinfostride.com/fg-is-committed-to-tackling-issues-in-power-sector-timipre-sylva/ Tue, 10 Sep 2019 14:18:50 +0000 https://www.theinfostride.com/?p=237412 The Federal Government is fully committed to tackling the problems facing the power sector, so it can guarantee improved power supply to Nigerians. Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed this on the sidelines of the 24th World Energy Congress (WEC), taking place in Abu Dhabi, United Arab Emirates. In a statement [...]

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]]> NNPC Is Still The Biggest Gas Supplier To Nigeria’s Power Sector – Baru https://www.theinfostride.com/nnpc-is-still-the-biggest-gas-supplier-to-nigerias-power-sector-baru/ Fri, 28 Jun 2019 21:07:36 +0000 https://www.theinfostride.com/?p=235251 The Nigerian National Petroleum Corporation, NNPC has said it still remains the biggest provider of gas to Nigeria’s power sector. In a recent statement by Group Managing Director of the NNPC, Dr. Maikanti Baru, he said the reason for the achievement is the present leadership of the corporation. Maikanti further revealed that NNPC wants sustainable [...]

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]]> Development In The Power Sector Is Guaranteed If I Am President – Obiageli Ezekwesili https://www.theinfostride.com/development-in-the-power-sector-is-guaranteed-if-i-am-president-obiageli-ezekwesili/ Tue, 04 Dec 2018 08:25:58 +0000 https://www.theinfostride.com/?p=222424 Dr. Obiageli Ezekwesili has assured Nigerians of development in the power sector if she wins the 2019 election. In a press statement on Sunday, Ezekwesili said that the electricity industry would be developed to employ more youths. She said, “From 1999 till date, all the projections made by successive governments to grow the supply of [...]

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]]> Power Sector Operators Must Be In Line With The PSRP Initiatives – Fashola https://www.theinfostride.com/power-sector-operators-must-be-in-line-with-the-psrp-initiatives-fashola/ Wed, 07 Feb 2018 16:50:59 +0000 https://www.theinfostride.com/?p=198956 Mr Babatunde Fashola, has urged Civil Society Organisations (CSOs) to come-up with ideas and suggestions on how the 2,000 megawatts (MW) stranded at the national grid can be efficiently used. The minister stated that the emphasis should be on how the stranded power now available could be efficiently distributed. He said the action was the [...]

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]]> There Is A Monumental Fraud In The Power Sector – Dino Melaye https://www.theinfostride.com/there-is-a-monumental-fraud-in-the-power-sector-dino-melaye/ Sat, 04 Nov 2017 15:27:56 +0000 http://www.theinfostride.com/?p=187584 Dino Melaye has cried out on the ‘monumental fraud’ in the ministry of power, works and housing. Babatunde Fashola currently heads the ministry. Melaye alleged that the execution of the ministry’s Fast Power initiative has been laced with corruption. “In line with anti-corruption posture of this chamber especially now that our cries and observation are [...]

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]]> Saraki in Germany: ​Issues Bordering on Economy, North-East and Power​ Sector​ dominate Senate Meetings with Germans https://www.theinfostride.com/saraki-in-germany-%e2%80%8bissues-bordering-on-economy-north-east-and-power%e2%80%8b-sector%e2%80%8b-dominate-senate-meetings-with-germans/ Sun, 12 Mar 2017 21:51:38 +0000 http://www.theinfostride.com/?p=158852 The issues bordering on how to forge strong economic co-operation, assistance for rebuilding of the insurgency ravaged North-East zone and how to benefit from the advanced technologies for energy supply dominated the various discussions held Thursday by a Senate delegation presently in Berlin, Germany. A statement by Special Adviser (Media and Publicity) to Senate President [...]

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]]> Ben Bruce Not In Support Of Power Sector Intervention Fund https://www.theinfostride.com/ben-bruce-not-in-support-of-power-sector-intervention-fund/ Thu, 26 Jan 2017 00:15:30 +0000 http://www.theinfostride.com/?p=154951 The Chairman, Senate Committee on Privatisation, Sen. Ben Bruce, says he is against the further provision of electricity intervention fund. The intervention fund is billed for use as subsidy for operators or any increases in tariff in the country’s electricity sector. Bruce stated this during an oversight visit to the Nigerian Electricity Regulatory Commission in [...]

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]]> Obasanjo Commends Abia Government On Infrastructural Development https://www.theinfostride.com/obasanjo-commends-abia-government-on-infrastructural-development/ Sun, 20 Dec 2015 08:32:47 +0000 http://www.theinfostride.com/?p=114013 The former President of Nigeria, Chief Olusegun Obasanjo, has lauded the Abia government for its efforts to develop infrastructure in the state. He made the commendation yesterday in Aba while commissioning Umuola road, Kamalu road and Oomnne drive constructed by the government. He urged the people of Aba not to sabotage the efforts of the government, saying they [...]

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]]> Group Tells Fashola, NERC To Address Fundamental Issues In Power Sector Before Tariff Increase https://www.theinfostride.com/group-tells-fashola-nerc-to-address-fundamental-issues-in-power-sector-before-tariff-increase/ Wed, 16 Dec 2015 23:28:29 +0000 http://www.theinfostride.com/?p=113167 A group of concerned Nigerians under the aegis of Citizens Access to Electricity Initiatives (CATEIN), on Tuesday kicked against planned increase in electricity tariff by the Nigeria Electricity Regulatory Commission (NERC). Mr Abdul-Salam Fashola, the Chairman of CATEIN told newsmen in Lagos that there were lots of issues to be addressed before tariff adjustment. He said [...]

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]]> Nigerian Treasury Looters Voluntarily Returning Some Of Their Loot But We Want All – President Buhari https://www.theinfostride.com/nigerian-treasury-looters-voluntarily-returning-some-of-their-loot-but-we-want-all-president-buhari/ Tue, 24 Nov 2015 21:24:56 +0000 http://www.theinfostride.com/?p=108685 Former officials of the immediate past administration of Dr. Goodluck Jonathan have started refunding part of their loots, President Muhammadu Buhari has said. The statement attributed to President Buhari has confirmed speculation that former officials of the past government had volunteered to return such stolen public funds in exchange for leniency. Addressing Nigerians resident in [...]

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]]> Power Sector Is Full Of Untapped Opportunities For Growth Abound – FG https://www.theinfostride.com/power-sector-is-full-of-untapped-opportunities-for-growth-abound-fg/ Tue, 24 Nov 2015 19:47:53 +0000 http://www.theinfostride.com/?p=108568 The Federal Government has declared that to deepen the development of the power sector, there is still need for a lot of investment. The Permanent Secretary, Ministry of Power, Mr. Louis Edozien, said this at the 5th Nigeria International Power Expo and Conference, which held weekend in Abuja, with the theme: “Private Sector Partnership in [...]

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]]> Will Newly Appointed Minister Focus On Affordable Housing For All? https://www.theinfostride.com/will-newly-appointed-minister-focus-on-affordable-housing-for-all/ Thu, 19 Nov 2015 13:43:15 +0000 http://www.theinfostride.com/?p=107813 LAGOS, November 19, 2015: Newly appointed minister Babatunde Raji Fashola (SAN), already has a laundry list on his agenda to reform the Power, Works and Housing sectors. Many experts are eager to see his agenda focus on plans that will tackle the country’s perpetual erratic power supply. Suggestions from major electricity distribution companies have asserted [...]

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]]> Arik Airlines May Be Bankrupt – Report https://www.theinfostride.com/arik-airlines-may-be-bankrupt-report/ Sat, 26 Sep 2015 07:26:40 +0000 http://www.theinfostride.com/?p=100934 Unions in the aviation industry has for the second time within a week threatened to disrupt activities of Arik Airlines due to huge debt owed aviation parastatals raising fears the airline may be bankrupt. “Arik has been enjoying services of aviation para­statals without paying for them. This protest is to send a notice to Arik [...]

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]]> #Nigeria > Ekiti Senator Confirms Buhariphobia Behind Improved Power Supply https://www.theinfostride.com/nigeria-ekiti-senator-confirms-buhariphobia-behind-improved-power-supply/ Sat, 12 Sep 2015 13:30:13 +0000 http://www.theinfostride.com/2015/09/nigeria-ekiti-senator-confirms-buhariphobia-behind-improved-power-supply/ The lawmaker representing Ekiti Central Senatorial District, Fatima Raji-Rasaki, on Friday said the persistent outage in the country is caused by negligence and insincerity of people in the power sector. Ms. Raji-Rasaki said this in an interview in Abuja. She said the interactive session held by the Ad-hoc Committee on Power with people in the [...]

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]]> #Nigeria > Senate Commences Probe Of Power Sector Since Obasanjo’s Tenure https://www.theinfostride.com/nigeria-senate-begins-probe-of-power-sector-since-obasanjos-tenure/ Tue, 08 Sep 2015 09:30:07 +0000 http://www.theinfostride.com/2015/09/nigeria-senate-begins-probe-of-power-sector-since-obasanjos-tenure/ The Senate Ad-hoc Committee on Power, headed by Senator Abubakar Kyari is set to begin probe of the sector today. The probe will cover huge resources, which was channelled into the sector since 1999, when former President, Chief Olusegun Obasanjo was in office. In an invitation for public hearing, which was signed by the Committee’s [...]

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]]> Most Populous Black Nation’s Power Sector, New Investment Hub –Report https://www.theinfostride.com/most-populous-black-nations-power-sector-new-investment-hub-report/ Sat, 25 Jan 2014 23:10:13 +0000 http://www.theinfostride.com/?p=13832 Nigeria’s newly unbundled power sector has been described as an investment hub for willing investors. According to the global publishing research and consultancy firm, Oxford Business Group (OBG) in its recently published reports, the country’’s power sector is poised to play a major role in addressing the country’s long-standing electricity shortage. . It also stated [...]

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]]> American Capital Energy & Infrastructure Commits $130 Million to Nigerian Power Sector https://www.theinfostride.com/american-capital-energy-infrastructure-commits-130-million-nigerian-power-sector/ Thu, 05 Dec 2013 16:48:43 +0000 http://www.theinfostride.com/?p=3598 ANNAPOLIS, Md., Dec. 5, 2013 /PRNewswire/ -- American Capital Energy & Infrastructure ("ACEI") announced today that it has committed to invest up to $130 million in Azura Power Holdings Ltd. ("Azura"), the company responsible for developing the Azura…

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