Power – Platformsafrica

NERC Slams N628.03m Fine On Eight DisCos + FULL LIST

April 10, 2025 Ganiyu Amodu

The Nigerian Electricity Regulatory Commission (NERC) has fined Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola Electricity Distribution Companies the sum of N628.03million for non-compliance with the capping of estimated billing for unmetered customers. The commission conveyed the sanction in a release on Thursday. It explained that the action was sequel to a review of billing practices between July and September 2024, which revealed that the affected DisCos failed to adhere to monthly energy caps issued by NERC. The fines represent five per cent of the gross overbilling during…

60% Manufacturers Forced Off-Grid By Unreliable Power Supply – Adelabu

March 29, 2025 Ganiyu Amodu

Nigeria’s power crisis has reached a critical point, with over 60% of manufacturing companies in the country forced to disconnect from the national grid. These businesses have turned to self-generation to meet their energy needs, driving up production costs and making Nigerian goods increasingly uncompetitive on the global market. This alarming revelation was made by the Minister of Power, Adebayo Adelabu, during the unveiling of the National Integrated Electricity Policy (NIEP) and the Integrated Resource Plan (IRP), in collaboration with the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF). Adelabu warned…

‘In Three Months,’ DisCos Rake In ₦509.84 Billion From Customers

March 25, 2025 Damilola Olonade

‘Eko (90.00%), Ikeja (82.63%), Others,’ who-collected-what details NERC gives about the 2024 Q4 fiscal The eleven electricity distribution companies in Nigeria raked in N509.84 billion in the last quarter of the year 2024. Platforms Africa reports that the Nigerian Electricity Regulatory Commission (NERC), which declared this in its “Quarterly Report 2024,″ maintained that the development translated to a collection efficiency of 77.44%. The revenue on token and post-paid billing in the three months of October, November and December 2024 is out of the N658.40 billion that was billed to customers…

Firm Deepens CSR Investment With Solar Lights, Others In Host Community

March 24, 2025 Ganiyu Amodu

Multisub Energy Limited, an indigenous Oil and Gas exploration and production company, in partnership with the Olure Host Communities’ Development Trust (OHCDT) has commissioned a school furnishing project in Eghoro Community and the installation of 70 street lights in Safa/Ogbin bloc of communities, in Warri North LGA, Delta State. The Abokunwa Primary School in Eghoro was equipped with 50 students’ desks, teachers’ tables and chairs, magic boards and a 120-meter walkway to improve access to quality education in the area. Speaking at the event Chairman and Managing Director of Multisub,…

Axxela Reaffirms Commitment to Energy Security, Industrialisation, Sustainability

March 23, 2025March 23, 2025 Ganiyu Amodu

Axxela Limited, a gas and power solutions provider in sub-Saharan Africa, has reiterated its commitment to enhancing energy security, driving industrialisation, and promoting environmental sustainability in Lagos State. Axxela made this pledge during a visit to Lagos State Governor, Babatunde Sanwo-Olu, at the Lagos House, Marina. Through one of its subsidiaries, Gaslink Nigeria Limited, Axxela has pioneered private-sector natural gas distribution, significantly expanding gas infrastructure in Lagos by over 170m spanning key industrial hubs, including Ikeja, Ilupeju, Isolo, Ijora, Apapa, Tin Can, Victoria Island, and Eko Atlantic. With ongoing expansion…

NERC Moves Oversight To Plateau State Regulatory Commission

March 14, 2025March 14, 2025 Ganiyu Amodu

The Nigerian Electricity Regulatory Commission, has issued an order to transfer its regulatory oversight of the electricity market in Plateau State to the Plateau State Electricity Regulatory Commission (PSERC). The development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended),the Commission said in a statement on Friday. With the EA 2023, the Commission retains the role as a central regulator with regulatory oversight of inter-state/international generation, transmission, supply, trading and system operations. The EA also mandates any state that…

Angry Trump Calls Canada ‘Tariff Abuser’ After Electricity Surcharge

March 11, 2025March 11, 2025 Abibat Babalola

President Donald Trump called Canada a “tariff abuser” Monday and claimed the United States did not need Canadian energy after the province of Ontario imposed an electricity surcharge on three US states. The leader of Ontario, Canada’s most populous province, said earlier Monday that it was adding a 25 percent surcharge on electricity exports to Michigan, Minnesota and New York — where it powers 1.5 million homes and businesses. “Ontario just announced a 25% surcharge on ‘electricity,’ of all things,” Trump said, claiming the province was “not even allowed to…

‘2nd Time In Two Months,’ National Grid Collapses

March 7, 2025March 7, 2025 Ganiyu Amodu

The National Grid has collapsed on Friday with Nigeria experiencing black out. Reacting to the development in a statement, the Ikeja Electricity Distribution Company said, “please be inform that we experienced a system outage today 07/03/2025 at about 14.00hrs, affecting supply within our network.” Urged customers to bear with them as restoration of supply is ongoing. ‘Money Cannot Buy You Health o,’ Singer Teni Reveals Struggle With Illness ‘Significant’ Oil Volume Discovered in Nigeria’s Songhai Field Recall that the Minister of Power, Adebayo Adelabu, had on March 2nd 2025 assured…

FULL STORY: How, Why Military Invaded Ikeja Electric Offices

March 6, 2025 Ganiyu Amodu

A viral video shows military personnel armed within the premises, with over seven staff members kneeling while others are being assaulted Military personnel on Thursday stormed the offices of Ikeja Electricity Distribution Company. Platforms Africa reports that the uniformed men forced their way into the company’s headquarters, located opposite MITV in Ikeja, Lagos, around 7:40 a.m. Similar incident occurred at the Ikeja Electric office on Ago Palace Way, Okota, Isolo, Lagos. A viral video shows military personnel armed within the premises, with over seven staff members kneeling while others…