The total revenue accruing to the Nigerian Electricity Regulatory Commission (NERC) increased by 57 per cent in the first quarter of 2020, the power industry regulator, has disclosed. NERC also stated that the total expenditure of the commission rose to N1.94 billion, from N1.74billion incurred in the preceding quarter, noting[Read More…]
Tag: commission
NNPC, IDSL Chart Path to Achieving $10 Production Cost by 2021
The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Integrated Data Services Limited (IDSL) said they are continuing the search towards attaining a $10 per barrel production cost with the deployment of several cost-cutting measures. The Chief Operating Officer, Upstream, NNPC, Mr Adokiye Tombomieye and the Managing Director of[Read More…]
DisCos Announces Compliance With NERC Directive on Reduction of Tariff
There are indications that power distribution companies in Nigeria are complying with the directive of the Nigerian Electricity Regulatory Commission (NERC) by suspending their plan to increase electricity tariff. According to a statement on Thursday, the Abuja Electricity Distribution Company (AEDC) said it has suspended the tariff hike until further[Read More…]
FG Set Rules For Players as New Tariffs Take of
The Nigerian Electricity Regulatory Commission (NERC) yesterday issued guidelines to stop the blame game between the Transmission Company of Nigeria (TCN) and Distribution Companies (Discos) over the latter’s alleged incessant rejection of power. The new guidelines came as the revised electricity tariffs to be paid by some electricity consumers, earlier[Read More…]
Understanding the Role of Federal Competition & Consumer Protection Commission
There is no gain saying the fact that Most Nigerian consumers are ignorant of the existing laws that protect them from exploitation and other forms of abuse in the marketplace. As a matter of fact Unfortunately, final consumers who fail to acquaint themselves with are yet to know laws protecting[Read More…]
FCCPC Insist Surgeon Has a Case to Answer
Federal competition and Consumer protection commission (FCCPC) has insist that a Lagos Surgeon , Dr. Anuoluwapo Adepoju has a case to answer. Dr. adepoju on Friday, appeared before a Federal High Court in Lagos over alleged evavsion from investigation into a failed plastic Surgery. The defendant is charged alongside[Read More…]
NERC Gives Discos 2021 Deadline to Meter Consumers
The Nigerian Electricity Regulatory Commission (NERC) has given electricity distribution companies (Discos) December 2021 deadline to close the metering gap in the power sector. According to the commission, 37 per cent or 3.9 million of registered energy consumers in the country have been supplied electricity meters by the Discos. The[Read More…]
Electricity tariff to increase from tomorrow
Nigerians will from tomorrow, April 1, 2020, pay more for electricity, Consumers Assembly has learnt. The Nigerian Electricity Regulatory Commission had disclosed this in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020. Checks shows that the decision to increase tariff[Read More…]
Consumers seek holistic power sector audition
President, Nigeria Consumer Protection Network, Mr. Kunde Olubiyo, at the weekend set an agenda for the Federal Government on the ongoing forensic audit of the 11 electricity Distribution Companies (DisCos) should extend to the generation and distribution subsectors. Asked to outline areas that the government should look into in the[Read More…]
Consumers ask for more prepaid meters, oppose upward review of tariff
Some Stakeholders at a public hearing, organised by the Nigerian Electricity Regulatory Commission (NERC) in Ibadan, have clamoured for availability of prepaid meters for consumers as against upward review of tariffs by distribution companies. The News Agency of Nigeria (NAN) reports that the event, which held in Ibadan on Friday,[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]