The Nigeria Electricity Regulatory Commission (NERC) on Thursday moved to remove historical related liabilities from the financial records of DisCos. NERC said that the order No. NERC/196/2020 that it issued yesterday seeks to resolve the continued accumulation of future tariff related shortfalls during the transition to cost reflective tariffs and[Read More…]
Tag: regulations
NERC condemns DisCos over meters
The Nigerian Electricity Regulatory Commission (NERC) has scolded some electricity Distribution Companies (DisCos) who force customers to clear their bills before they are metered. NERC in a statement by its spokesman, Dr Usman Abba-Arabi said the Commission’s attention was brought to the practice of having customers of DisCos invest in[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…]