Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Electricity Regulatory Commission (NERC)

‘FG should tie April new electricity tariff regime to total metering of customers’

…As NECA says proposed hike necessary For the fact the ‘December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020,’ recently released by the Nigerian Electricity Regulatory Commission (NERC) indicates that new tariff…

NERC denies media reports on imminent electricity tariff increase

…As Nigerians kick against plot for hike from second quarter Contrary to media reports on Sunday that the Nigerian Electricity Regulatory Commission (NERC) is set to increase electricity tariff effective April this year; the Commission has issued a statement dissociating…

Discos’ excuses rooted in NERC’s regulatory weaknesses—Nigerian Engineers

Rising from its 52nd National Engineering Conference, Exhibition and Annual General Meeting of the Nigerian Society of Engineers (NSE), the body has traced the endless excuses of poor services delivery by power companies to the regulatory inefficiency of Nigerian Electricity…

Discos licences hang in balance as NERC’s window expires

The only thing that will reassure Nigerians that the Federal Government, through the electricity regulatory agency, the Nigerian Electricity Regulatory Commission (NERC), has no hand in the poor services delivery of Discos is to wield the big stick following the…

Time up for 8 Nigerian Discos as licence revocation hammer dangles

Exactly one month today, December 7, 2019, it is either all the Electricity Distribution Companies (Discos) had shaped in or on their various way out as the sledge hammer of the Federal Government started dangling from last month following the…

Is Discos deceiving critics with sudden N935bn five-year investment plans?

There are strong speculations that the recent indication that electricity distribution companies (Discos) are set to invest N935bn in their networks stemmed from unprecedented complains and outcries of both the Transmission Company of Nigeria (TCN) and even generation firms. However,…

Gencos copies Buhari, Osinbajo petition to NERC, says 0.75% charge toxic

The crisis rocking the nation’s energy sector may be multiplying following the copying of a recent petition written by the body of power generation companies to the Presidency and other relevant agencies of government. The body had before the end…

MAPR, planned electricity tariff hike anti-Nigerians—CARE alleges

More interest groups have continued to raise objections to the newly introduced Meter Asset Provider Regulations (MAPR) policy and the plan to hike tariff, saying both initiatives’ are anti-poor policies. Latest to join the calls for total review of the…

‘Prepaid metering: Extend Discos August 31 deadline to meter MDAs to all Nigerians’

More reactions have continued to trail the recent matching order handed down to all Discos by the Nigerian Electricity Regulatory Commission (NERC) to meter all ministries, departments and agencies of both federal and state governments before the end of August….

FG ties electricity tariff hike to metering every consumer, improved supplies

Until every electricity consumer in Nigeria is metered with prepaid and public confirmation of improved service delivery to customers, there shall be no increase in electricity tariff. This was the position of the Ministry of Power, Works and Housing as…