Tags : Electricity

Electricity Consumers kick Against Proposed New Tariffs

Tolani Giwa 03/05/2021

Electricity consumer groups on Sunday, kicked against the planned review of electricity tariffs for the 11 power Distribution Companies (DisCos) by the Nigerian Electricity Regulatory Commission (NERC). They maintained that there was no justification for any upward review of electricity tariffs due to the current economic realities and challenges being faced by Nigerians. The groups, […]Read More

Latest News Nigeria

Coronavirus Puts Flawed Electricity Tariff Hike To Test

Tolani Giwa 01/07/2020

• GenCos threaten suit over delay• DisCos, govt, discuss poor services, supply cost• Senate urges Buhari to bear cost of deferred hike• Operators deny lobbying NASS, putting sector in debt Nigeria’s electricity supply industry faces yet another regulatory summersault, as the National Assembly, on Monday, toppled plans to increase cost of electricity supply by as […]Read More

Latest News Nigeria

National Leadership of NASS Intervenes In Planned Hike In Electricity

Tolani Giwa 30/06/2020

The National leadership of the National Assembly has intervened in the planned hike of electricity tariff by the providers, saying that this was not the time to carry out such an action. According to the National Assembly, it will not be feasible for the Distribution Companies (DISCOs) to carry out with the proposed hike on […]Read More

Latest News Nigeria

New Electricity Tariff, VAT Rate To Sustain Upward Pressure On

Tolani Giwa 18/06/2020

Nigeria’s annual inflation rate rose for the ninth consecutive months to 12.4 percent in May from 12.34 percent in April, the highest in 25 months, with analysts projecting that the upward trend will persist, driven by the commencement of the new electricity tariff and Value Added Tax (VAT) as well as the new planting season. […]Read More

FG Targets Improved Electricity Supply with Fresh $200m Support Fund

Ayomide Oyewole 23/04/2019

The federal government has said about 500,000 people without electricity in Nigeria would be able to have access to power in no distant time as it plans to spend about $200 million on providing electricity for about 105,000 households. The initiative is in continuation of its rural electrification plans. A weekly roundup of developments in […]Read More

Business Latest News Nigeria

Electricity: Generation, transmission peaks at 5,375MW – TCN

Ayomide Oyewole 11/02/2019

The Transmission Company of Nigeria (TCN) says the National Grid successfully transmitted a new generation peak of 5,375MW on Feb. 7. Mrs Ndidi Mbah, TCN General Manager, Public Affairs in a statement in Abuja on Monday said it was the first time the nation’s power grid generated, transmitted and distributed such quantum of power. She […]Read More

Business Latest News News Nigeria

Electricity Workers Push For Review of DisCos’ Licences, Performance.

Ayomide Oyewole 26/11/2018

Worried by the state of electricity supply in the country, workers in the sector have urged the Federal Government to review the licences and performance of the electricity distribution companies (DisCos). Acting under the aegis of Nigeria Union of Electricity Employees (NUEE), the workers expressed worry that since the core investors took over the privatised […]Read More

Business Latest News News Nigeria

Electricity: NERC Issues Licences For additional 1,839.5MW

Ayomide Oyewole 20/11/2018

The Nigerian Electricity Regulatory Commission has issued six new licences, renewed three and extended one licence for investors planning to increase Nigeria’s electricity generation by about 1,839.5 megawatts. The licences were issued in the first quarter of 2018 as NERC noted that when the power plants became operational, their capacities would increase the quantum of […]Read More

Latest News Nigeria

Electricity Thieves to face jail terms, says AEDC.

Ayomide Oyewole 08/11/2018

The Managing Director/Chief Executive Officer, Abuja Electricity Distribution Company, Ernest Mupwaya, has appealed to power users to avoid tampering with meters or engaging in other related offences. Mupwaya said anyone caught perpetrating such acts could face stiff punishment and jail sentences after prosecution. Commenting on the recent decision of the Chief Judge of the High […]Read More

Business Latest News

Power Generation Drops to 2,390MW, 15 Plants Idle

Ayomide Oyewole 31/10/2018

Power generation in the country plunged to 2,390.20 megawatts on Monday as the number of idle power plants rose from seven to 15, according to the latest data from the Federal Ministry of Power, Works and Housing. Total electricity generation has been hovering below 4,000MW in recent months and stood at 3,741.30MW as of 6am […]Read More