Nigeria has launched a $300 million Distributed Renewable Energy (DRE) Fund aimed at expanding electricity access through mini-grids, standalone solar systems and other off-grid power solutions. The fund, jointly managed by the Nigeria Sovereign Investment Authority (NSIA) and Africa50, has now moved from the planning and structuring stage into commercial operations and capital deployment. The […]

Tetracore Energy Group is expanding its presence in Nigeria’s power sector after its subsidiary, Tetracore Power Company Limited, secured a power generation and distribution licence in Edo State. The licence was granted by the Edo State Government through the Edo State Ministry of Power after Tetracore Power completed the required regulatory and statutory requirements. The […]

Nigeria’s electricity regulator is tightening how Distribution Companies (DisCos) can use part of the revenue they earn, with more funds now expected to go towards upgrading and expanding electricity distribution infrastructure. The Nigerian Electricity Regulatory Commission (NERC) introduced the measure through Order NERC/2026/062A, which took effect on September 4, 2026. The revised order followed an […]

All On has invested $5 million in PowerGen Renewable Energy Nigeria to support the expansion of renewable electricity infrastructure across underserved communities and businesses in Nigeria. The investment, provided through a mezzanine facility, will help PowerGen develop isolated and interconnected mini-grid projects for households, commercial customers and industrial users with limited or unreliable access to […]

Nigeria’s Federal Government has raised ₦728.9 billion through a new power-sector bond as it steps up efforts to clear long-standing debts owed to electricity Generation Companies (GenCos) and improve liquidity across the electricity market. The Series 2 bond is part of the Federal Government’s Presidential Power Sector Debt Reduction Programme, which was created to address […]

Businesses in Victoria Island, Lagos, could soon have a cheaper alternative to relying heavily on diesel generators, as Elektron Energy prepares to launch its 40MW embedded power project in the area. The Victoria Island Power (VIPL) project is designed to provide dedicated electricity to businesses through a gas-fired power plant and a 12.6-kilometre underground distribution […]

Aliko Dangote has credited some of the Federal Government’s major economic reforms with helping create the conditions for the growth of his company’s oil refinery and broader industrial investments. Speaking in Lagos on Monday during the formal launch of the Dangote Petroleum Refinery and Petrochemicals’ initial public offering on the Nigerian Exchange, Dangote thanked President […]

Nigeria’s renewable energy ambitions are entering a new phase. The challenge is no longer just deploying solar panels and mini-grids, but finding the financing, partnerships and systems needed to make those projects sustainable and scale them across the country. That focus was evident in a series of engagements by the Rural Electrification Agency (REA) during […]