Power firms in Nigeria need N2trn to improve electricity supply — FG
The Federal Government says Nigerian electricity companies need an estimated N2 trillion or about $2.5 billion in capital to improve…
Forex Crisis: Marketers Propose N720/litre, Suspend Fuel Imports
Oil marketers, on Sunday, indicated that the cost of Premium Motor Spirit, popularly called petrol, would rise to between N680/litre…
NERC may approve tariff hike as electricity subsidy hits N2.8tn
There are strong indications the Federal Government may consider the request by power distribution companies for a review of their…
DisCos backtrack on tariff hike, await NERC approval
Power distribution companies (DisCos), on Monday, backtracked on their earlier announcement of a tariff hike projected to take effect from…
Households Under Pressure As New Electricity Tariff Starts July 1
Nigerians may need to brace up for tougher times as electricity tariff is set to increase by over 40 per…
Another increase in electricity tariff looms July 1
Nigerians may need to brace up for tougher times as electricity tariff is set to increase by over 40 per…
Ten Benefits of Electricity Act 2023 Signed into Law by Tinubu
President Bola Tinubu has signed the Electricity Act 2023 passed by lawmakers in July 2022 into law. The new law…
TCN threatens to disconnect DisCos, GenCos over non-compliance with market rules
The Transmission Company of Nigeria (TCN) says it will sanction erring electricity companies over non-compliance with the market rules. In…
Number of metered electricity customers hits 5.13m
Latest data by the National Bureau of Statistics has shown that the rate of metered electricity customers stood at 5.13…
Nigeria relies on generators for 75% electricity – Report
About 75 per cent of electricity consumed in Nigeria comes from diesel and petrol-powered generators, the latest reports released on…