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The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, postponed till Monday 16, March 2020, a Public Hearing on the on the application for the extraordinary tariff review for the Transmission Company of Nigeria (TCN).
The Nigerian Electricity Regulation Commission (NERC), on Saturday, said Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43.3 per cent in the second quarter of 2019.
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday served notices to eight electricity distribution companies (DISCOs) of its intention to revoke their operational licences if they fail within 60 days to remedy alleged ‘breaches of the terms and conditions of their power purchase agreements’.
Nationwide blackout is looming as the electricity Generation Companies, GENCOs, have threatened to declare force majure over moves by the Nigerian Bulk Electricity Trading, NBET, to unilaterally take over the responsibility for payment of gas and transportation from them.
The Nigerian Electricity Regulation Commission (NERC) on says Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43 per cent in the first quarter of 2019.
The Central Bank of Nigeria (CBN) has warned would-be beneficiaries of the N600billion power sector intervention fund that the disbursement of the fund will be based on the accountability system of distribution companies (DisCos) which is driven by their performance through revenue remittance.
Transmission Company of Nigeria (TCN) on Wednesday issued a notice of intent to terminate the operations of Kano Electricity Distribution Company (KEDCO).
The Managing Director, Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed has announced process to split the company and will spend $5 million to digitise its substations’ control rooms nationwide.
The Market Operator of the Transmission Company of Nigeria (TCN), Engr. Edmund Ejie, on Wednesday disclosed that the Federal Government has approved N600billion for injection into the nation’s electricity market.
The Kano Electricity Distribution Company (KEDCO) on Sunday became the latest electricity distribution company to be affected by the gale of regulatory sanctions by the electricity market operator.
The Federal Government has ordered the disconnection of three electricity distribution companies (DisCos) from the national grid over “non-compliance with the conditions of market rules”.
The management of Ikeja Electricity Distribution PLC (IKEDC) on Friday said it has begun moves to get the Transmission Company of Nigeria (TCN) to rescind its order to suspend it from participation in the electricity market and disconnect some of its facilities from the national grid.
The federal government has ordered the disconnection of three electricity distribution companies from the national grid over “non-compliance with the conditions of market rules”.
Despite an increase in their collection efficiency, the remittance by electricity distribution companies to the Nigerian Bulk Electricity Trading Plc for the energy received by them dropped to 27.5 per cent in the third quarter of 2018 from 31.5 per cent in the previous quarter.
The Association of Power Generation Companies (APGC) says power Generation Companies (GenCos) have not received payment for electricity generated since June 2018 from the Nigerian Bulk Electricity Trading PLC (NBET).
The Nigerian Electricity Regulatory Commission has said that the eleven Electricity Distribution Companies remitted only N51.2billion of electricity invoice out of the total N163.1 billion they received in the first quarter of 2018.
The Ajaokuta Steel Company and other international customers owe the power sector N12.2b, according to the 2018 first quarter report of the Nigerian Electricity Regulatory Corporation (NERC).
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The World Health Organisation (WHO) says there are 19 potential COVID-19 vaccines currently in clinical trials globally.
The World Health Organisation (WHO) in Africa has joined immunisation experts in urging the international community and countries to take concrete actions to ensure equitable access to COVID-19 vaccines, as researchers around the world race to find effective protection against the virus.
Nigeria head coach Gernot Rohr has no problem with the postponement of the 2021 Africa Cup of Nations to 2022, but believes that 2022 will be a complicated year for his team.
Brazil’s President, Jair Bolsonaro, who has tested positive for COVID-19, said on Facebook Thursday that he was “very well” and again advocated the use of the controversial drug hydroxychloroquine.
The Premier League has admitted that VAR got penalty decisions wrong in all three matches on Thursday, as frustration mounts over the use of the technology in the English top-flight.
The South African central bank reduced its government bond purchases to 5 billion rand ($292.64 million) in June, half the monthly average, bringing its bond holdings to 35.9 billion rand, data showed on Tuesday.
Victor Moses will miss Inter Milan’s Serie A home fixture against Bologna on Sunday due to muscle injury.
Former Watford star Michel Ngonge has advised the club to sign Nigeria forward Emmanuel Dennis this summer.
The kidnapped Chairman of Nigeria Labour Congress, Delta State, Comrade Goodluck Ofobruku, has regained his freedom after paying an undisclosed amount of money.
An NGO, Women Aid Collective (WACOL), has lauded the Police Command in Enugu for the efficient handling of the case of the 10-year-old girl allegedly abused by a couple in Enugu.