Tag: quarter

NERC’s Operating Revenue Increases by 57%

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…]

FG Halts Planned Hike in Electricity Tariffs

Federal government through the National Assembly (NASS) yesterday waded into the controversy on the planned hike in electricity tariffs from July 1st, 2020 and succeeded in convincing the Distribution Companies (DISCOs) to defer the plan till the first quarter of 2021. The President of the Senate, Ahmad Lawan, the Speaker[Read More…]