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September 1, 2023
The Market Operator (MO), Transmission Company of Nigeria (TCN), yesterday, said Togo and Benin Republic owe Nigeria $1.7 million electricity legacy debt.
November 29, 2022
TCN, NBET and others have hailed the Central Bank of Nigeria’s (CBN) $250m Intervention Fund towards electricity improvement in the country.
March 22, 2022
The intervention of the Central Bank of Nigeria (CBN), in the rehabilitation of interfaces between Nigeria’s transmission and distribution infrastructure to
March 20, 2022
As part of an emergency approach to ensure the stability of the country’s grid and power system, CBN, is currently providing about $250m
January 6, 2021
•CBN, NERC intervention meet deadlock Despite the intervention of Central Bank of Nigeria (CBN) and Nigerian Electricity Regulatory Commission (NERC) to address the liquidity crisis rocking Nigeria’s electricity market, the sector continues to struggle under heavy debt. Being the revenue collectors in the market, NERC had, last year, set a minimum market remittance threshold payable by the 11 power distribution companies operating across the country. NERC mandated the DisCos to make 100 per...