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Tag: Power Sector

News

Nigeria’s National Grid Begins Power Restoration After Collapse

Nigeria’s national electricity grid has begun gradual restoration following a system collapse that plunged much of the country into darkness. The development was confirmed by the Eko Electricity Distribution Company (Eko DisCo), which announced that power supply had started returning to its feeders. “We are pleased to inform you that power restoration from the grid […]

News

Femi Otedola Exits Geregu Power in Landmark $750 Million Deal

In a landmark move for the Nigerian energy sector, billionaire investor Femi Otedola has officially divested his majority stake in Geregu Power Plc. The $750 million deal sees Ma’am Energy Limited taking over a 77% controlling interest, marking one of the largest private equity shifts in the Nigerian power industry this decade.

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