Electricity tariff hike

Meter Installation By DisCos Drops by 60% In Q2, 2024 - Report

Business·Latest News

Federal High Court Stops IKEDC, NERC Electricity Tariff Hike

Court Orders Ikeja Electric to Halt Tariff Implementation The Federal High Court in Lagos, has issued an order restraining Ikeja Electric Plc and the Nigerian Electricity Regulatory Commission (NERC), from enforcing a

Emmanuel Ochayi

6 months ago

Nigeria's Rising Electricity Demand Highlights Sector Challenges and Investment Opportunities

Business·Latest News

Nigeria’s Rising Electricity Demand Drives Sector Challenges, Investment Opportunities

The demand for electricity in Nigeria is surging, driven by a growing population and urbanization. Despite efforts to enhance power generation, millions of Nigerians still face energy poverty, with limited or unreliable

Emmanuel Ochayi

7 months ago

Minimum Wage: Nigerian Govt Begs Labour Union To Reconsider Strike Action

Business·Latest News

Labour Unions To Begin Protest On Monday Over Electricity Tariff Hike

Labor unions across Nigeria are gearing up for nationwide protests starting today over the recent electricity tariff hike imposed by the Federal Government. The hike, which saw a 240% increase for Band

Emmanuel Ochayi

7 months ago

High Electricity Tariff May Force Over 65% Of Nigerian Businesses To Close Down - OPS

Business·Latest News

High Electricity Tariff May Force Over 65% Of Nigerian Businesses To Close Down – OPS

The Organised Private Sector (OPS) has lamented that the recent hike in electricity tariff by the Nigerian government may force over 65 per cent of private businesses to shut down.

8 months ago

Nigeria’s Electricity Tariff Hike: Any Impact On Productivity?

FEATURES·Power

Nigeria’s Electricity Tariff Hike: Any Impact On Productivity?

Since the privatisation of the power sector in 2013, electricity consumers have endured series of upward adjustments of tariffs.

8 months ago

Nigerian Electricity Regulatory Commission (NERC) has announce reduction of electricity tariff for band A customers from N225 per kilo watt hour (kWh) to N206.8kWh with effect from May 2024.

Business·Power

New Electricity Tariff Hike Will Reduce Subsidy By 40% – NERC

The Nigerian Electricity Regulatory Commission (NERC) says the new increase of electricity tariff will reduce subsidy for electricity generation by 40 per cent while the Federal Government would still retain about 50

9 months ago

List Of 30 Ibadan Electricity ‘Band A’ Areas As New Electricity Tariff Triples For IBEDC Customers

Business·Latest News

List Of 30 Ibadan Electricity ‘Band A’ Areas As New Electricity Tariff Triples For IBEDC Customers

The Nigerian Electricity Regulatory Commission (NERC) has greenlit a hike in electricity tariffs, leaving customers in Band A areas of the Ibadan Electricity Distribution Company (IBEDC) feeling the pinch. Effective immediately, these

Emmanuel Ochayi

9 months ago

Electricity Tariff Hike: NERC Fines Abuja DisCo ₦200m For Violation, Directs Customer Refunds

Electricity Tariff Hike: NERC Fines Abuja DisCo ₦200m For Violation, Directs Customer Refunds

NERC has slammed a fine of ₦200 million on the Abuja Electricity Distribution Company (AEDC) for non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order.

9 months ago

Nigerians Generate 40,000MW Of Electricity From Generator, Says Minister

Latest News·Power

Infrastructure Deficit Major Challenge In Nigeria’s Power Sector – Minister

Nigeria’s Minister of Power, Adebayo Adelabu, has expressed concerns about the dearth of infrastructure in the power sector which according to him, is a major factor accounting for poor power supply across

9 months ago

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