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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, 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.
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.
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
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.
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.
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 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.
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’.
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.
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.
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.
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 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.
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 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.
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.
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.
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 Wike has stated that being members of different political parties should not deny the country the much needed development.
The former Attorney-General of the Federation (AGF), Mohammed Adoke, and six other co-defendants charged with 42 counts in connection with the controversial 1.09 billion dollars settlement agreement on Malabu Oil Block, on Thursday pleaded not guilty.
Queen Elizabeth II has given her assent to United Kingdom Prime Minister, Boris Johnson’s Brexit bill, thus enshrining the UK’s EU exit into law.
Aftermath of the Supreme Court judgement that upheld the election of Sen Bala Mohammed Abdulkadir as the duly elected Governor of Bauchi State, there are strong indications that many bigwigs of the opposition, APC in the state will soon dump the party for the ruling PDP.
The Sultan of Sokoto, Muhammad Sa’ad Abubakar, has disclosed that desertification has led to loss of resources in many areas in northern Nigeria.
A woman goes to babysit for her son-in-law. But she ends up carrying, in the deal, two babies for the same man: one in her arms and the other in her stomach. It’s a story with various angles and tangles to it, a tragedy of immense proportion, with many loops and layers. And, untangling it, understanding it, is not going to prove an easy task for many a mind.