The Bank of Industry says its investments in power and rural infrastructure electrified more than 100 communities and connected 11,777 new customers to electricity in 2025, highlighting the growing role of development finance in addressing Nigeria’s energy access challenges. According to its 2025 Development Impact Report obtained by Sunday PUNCH, the development finance institution said its intervention […]

The Rural Electrification Agency (REA), in partnership with the federal and state governments, has commenced the construction of 42 renewable energy projects in Kebbi and Adamawa states. The projects, which are part of the Federal Government’s efforts to expand electricity access, improve power supply, and support economic activities in underserved communities, comprise 39 mini-grid projects […]

The Nigerian Electricity Regulatory Commission (NERC) says the Federal Government is set to N358.32bn on electricity subsidies, with an average monthly subsidy bill of N119bn. The Commission disclosed this in its First Quarter 2026 report, stating that due to “the absence of cost-reflective tariffs, the Government undertakes to cover the resultant gap (between the cost-reflective […]

President Bola Tinubu has inaugurated Diamond New Energy, Nigeria’s largest lithium processing plant in Nasarawa State, describing the solid minerals sector as a strategic pillar of his administration’s economic agenda. President Tinubu, represented by the Vice President, Kashim Shettima, said the facility marked Nigeria’s determination to move beyond exporting raw minerals to value addition that […]

The Transmission Company of Nigeria (TCN) has officially handed over the control room building extension for the SCADA/EMS at the Gwagwalada 330kV Transmission Substation to the Nigerian Independent System Operator (NISO). The facility will serve as a temporary National Control Centre (NCC) in Abuja and is part of ongoing efforts to improve grid management. Speaking […]

President Bola Ahmed Tinubu has launched Power Force, a national initiative to train 5,000 young Nigerians to support the accelerated deployment of smart electricity meters across the country, create employment opportunities, and strengthen ongoing power sector reforms. The programme, implemented through the Presidential Metering Initiative (PMI) in partnership with the Federal Ministry of Youth Development, […]

Hassan Allam Construction, a subsidiary of Hassan Allam Holding has been awarded a contract worth 570 million dollars for the construction of the West Minya Solar Plant in Egypt. The project is a joint venture with Sterling and Wilson Renewable Energy Ltd., and would be developed by Hassan Allam Utilities’ Energy Platform. The company, in […]

The International Finance Corporation (IFC), a member of the World Bank Group, alongside AXIAN, Sagemcom and Norfund has announced its investment in WeLight, Africa’s leader in rural electrification through mini-grids in subSaharan Africa. In a statement, the company said, “the transaction marks a defining step in WeLight’s development” and is geared towards accelerating its geographic […]