Electricity

News

Power Sector Breakthrough: President Tinubu Approves ₦3.3 Trillion Debt Settlement to Fix National Grid

In a decisive move to end a decade of financial instability in Nigeria’s energy sector, President Bola Tinubu has approved a comprehensive ₦3.3 trillion payment plan. The initiative, part of…

AyobamiBlog April 6, 2026

News

Electricity woes worsen as DisCos record N2.4trn in financial losses

At the backdrop of worsening power supply to offices and homes, Electricity Distribution Companies (DisCos) have recorded a combined loss of N2.349 trillion over the past two years due to…

AyobamiBlog March 24, 2026

News

Ikeja Electric Issues Apology as Gas Shortage Triggers National Grid Outages

Gas Shortage Triggers National Grid OutagesIkeja Electric (IE) has formally apologized to its customers following widespread power disruptions caused by a significant drop in power generation on Nigeria’s national grid.…

AyobamiBlog March 6, 2026

Update

FCCPC Reopens Ikeja Electric HQ After Firm Signed Undertaking On Consumer Rights

The Federal Competition and Consumer Protection Commission (FCCPC) has unsealed the headquarters of Ikeja Electric Plc in Lagos after the electricity distribution company agreed to a binding undertaking to comply…

AyobamiBlog December 19, 2025

Breaking News

FCCPC Seals Ikeja Electric HQ For Violating Consumer Rights

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the facilities of Ikeja Electric for violation of consumer rights. FCCPC’s Director of Surveillance and Investigation, Bola Adeyinka, said the…

AyobamiBlog December 11, 2025

News

Band A customers lament decline in electricity supply after frequent national grid collapse 

The recent national grid collapse in the past week resulted in widespread power outages across Nigeria, significantly affecting Band A customers who previously enjoyed a minimum of 20 hours of…

AyobamiBlog November 19, 2024