Power generation firms say discussions with the government on the N4tn power sector debt are still ongoing, disputing claims of a finalised agreement
power sector reform
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Standard Bank reports that Nigeria loses $26 billion annually due to power failures, affecting economic productivity and prompting calls for infrastructure investment.
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Nigeria commits N20 billion to ensure all high-usage electricity customers are metered by September, enhancing energy distribution efficiency.
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Nigeria secures a $500 million World Bank loan to enhance electricity distribution, aiming to improve power supply and support economic growth.
