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The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

Electricity consumer group says it will oppose hike in tariff

A group, the All Electricity Consumers Protection Forum, said on Tuesday that it would oppose the proposed hike in electricity tariffs because it would further impoverish Nigerians.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 7

House of Reps speaker calls for suspension of hike in electricity tariff

The Speaker of the House of Representatives, Femi Gbajabiamila, has called for the suspension of the proposed hike in electricity tariff, saying the increment should not be allowed until estimated billing is criminalised.

Electricity tariff: Minor review order has no immediate impact on consumers – NERC

The Nigerian Electricity Regulatory Commission (NERC), says the minor review order released by the Commission on January 3 has no immediate impact on end-user tariffs.

NERC: Transition to cost-reflective tariff effective 2021 ending

Admist controversies trailing the purported increase in electricity tariff, the Nigerian Electricity Regulatory Commission (NERC) has stated that the transition to cost-reflective tariff will take effect by the of 2021

NERC: No immediate increase in electricity tariff

The Nigerian Electricity Regulatory Commission (NERC) on Monday denied the upward review in its Multi-Year Tariff (MYTO) dated 31st December 2019, as the Chairman, Prof. James Momoh said that there is no immediate tariff increase for customers.

Discos: We’ll enforce electricity tariff increase from April

Speaking through their umbrella body, Association of Nigerian Electricity Distributors, the Discos explained that the new tariffs ordered by the Nigerian Electricity Regulatory Commission would cater for revenue shortfalls in the sector.

Federal government to subsidise electricity cost pending new tariffs in April

The federal government will continue to subsidise the gap in electricity cost to consumers pending the adjustment in tariffs announced by the Nigerian Electricity Regulatory Commission (NERC) on Saturday.
The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

Sic DisCos may evade NERC’s sanction after complying with remittance directive

The Nigerian Electricity Regulatory Commission (NERC) says six out of eight Power Distribution Companies (DisCos) have complied or substantially complied with the approved minimum remittance threshold in the Order for July to September 2019.

NERC gives DISCOs ultimatum to settle debts, address breaches

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’.

Electricity: DisCos are deceiving Nigerians – TCN

The Transmission Company of Nigeria (TCN) on Thursday took a swipe at the Association of Nigerian Electricity Distributors (ANED), saying the group was indulging in wholesale falsehood to deceive Nigerians.

NERC: Eko Disco records highest remittance efficiency in Q1

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.

NERC makes u-turn on electricity tariff hike

The Nigerian Electricity Regulatory Commission (NERC) appears to be at crossroads over its recent announcement on increase in electricity tariff across the eleven Electricity Distribution Companies (DisCos), as it has denied any such hike.
Power

DisCos seek measures to drive power sector investment

Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.

DisCos may cede networks to third-party power distributors

Worried by the inability of the 11 distribution companies to distribute power to many consumers, the Nigerian Electricity Regulatory Commission (NERC) has said it is considering a new regulation to allow third-party investors take up and maintain parts of the vast electricity distribution networks currently owned by the Discos.

DisCos: Electricity market records over N1.4 trillion shortfall

Electricity Distribution Companies (DisCos) say the non review of the Multi-Year Tarrif Order (MYTO), since February 2016 had resulted in the accumulation of over N1.4trillion shortfall in the nation’s electricity market.

Electricity market records over N1.4 trillion shortfall – DisCos

Electricity Distribution Companies say the non-review of the Multi-Year Tarrif Order, since February 2016 had resulted in the accumulation of over N1.4trillion shortfall in the nation’s electricity market.

Power sector shortfall exceeds N1.4 trillion due to tariff

Owing to the non-review of the Multi Year Tariff Order (MYTO) since February 1, 2016, the shortfall of the Nigerian Electricity Supply Industry (NESI) has exceeded N1.4trillion.

GenCos accuse federal government of selling electricity to neighbouring countries on non-commercial terms

Electricity generation companies (Gencos) have accused the Nigerian Government of taking power from them and selling to countries in the West African region under the West African Power Pool (WAPP) on non- commercial but diplomatic terms.

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Israeli Prime Minister Benjamin Netanyahu in Jerusalem September 18, 2019. RONEN ZVULUN- REUTERS

Benjamin Netanyahu indicted on corruption charges after immunity bid withdrawn

Israeli Prime Minister Benjamin Netanyahu has been indicted in three corruption cases after he withdrew his request for immunity hours before the Knesset was set to pick up the issue.

Bode George: Amotekun is value add to Nigeria internal security

Former Deputy National Chairman of the Peoples Democratic Party, Chief Bode George and former Minister of Transport, Ebenezer Babatope, on Tuesday, expressed deep concern over series of argument generated by the newly instituted Western Nigeria Security Network, code-named “Operation Amotekun,” says the initiative suppose to be largely supported as it will add value to the Nigeria internal security.
President Muhammadu Buhari on Monday signed the finance bill into law.

President Buhari: Public officers shouldn’t be scared of audits if they have nothing to...

Declaring open the second edition of the conference of Auditors-General in Nigeria, President Buhari challenged auditors to adhere to the professional code of conduct guiding their operations, while ensuring timely and quality review of financial performance of public officers.

Protest rocks Kwara sports festival over alleged N60 million misappropriation

Day Two of the ongoing Kwara State Sports Festival has hit a major snag after contingents from all 16 local governments in the state converging at the Ilorin, Kwara State government, Stadium.
Rivers State Governor, Nyesom Ezenwo Wike, has stated that his administration increased the budgetary allocation for the health sector in the 2020 budget because of his commitment to universal health coverage in the state.

Governor Wike: Nigeria can’t afford to drift to one party state

Rivers State Governor Nyesom Wike has stated that being members of different political parties should not deny the country the much needed development.