Shocking Surge: Electricity Subsidy Jumps 220% to Nearly N2trn
The federal government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024, TheEconomy reports. This represents a…
Iran-Israel Conflict: Petrol May Hit N1,000/Litre as Oil Price Soars
As the United States of America joins the fray in the escalated tension in the Middle East between Iran and…
Petrol Price Rose by 223% to ₦770 Per Litre – NBS Report
The average price of Premium Motor Spirit (PMS), also known as petrol, shot up by 223.21 per cent to approximately…
Governors Demand Refund from $10bn NIPP Investments
State governors have called for the refund of state governments’ full equity investments in the $10bn National Integrated Power Projects…
FG Should Enforce Nationwide Metering, to End Electricity Subsidy – Govs Insist
State governors have called on the federal government to enforce a “no-meter, no-service” policy for all new electricity connections in…
Electricity Subsidy Non-Existent, FG Raising Funds For Cash-Strapped DisCos — Falana
Human rights lawyer, Femi Falana, says the Federal Government through the Nigerian Electricity Regulatory Commission (NERC) plans to extend electricity…
No Nigerian Has 20 Hours of Power Supply Per Day, Tariff Hike Unacceptable – TUC
The Trade Union Congress says no Nigerian receives 20 hours of power supply per day, noting that the new electricity…
Power grid drops to 3,530MW as rationing persists nationwide
Amid gas supply challenges and financial outlook, power supply across the country remained stranded over the weekend as measures by…
EU to invest €37m in Nigeria’s power sector
The European Union has announced plans to invest €37m in Nigeria’s power sector. This disclosure was made by the EU…
Power minister laments as electricity subsidy rises to N3tn
The indebtedness of Nigeria’s power sector to electricity generating companies and gas producers has risen to about N3.3tn, the Federal…