Insecurity, Others Push Up Inflation To 14.9%         There are indications that the rising insecurity, border closure, increases in Value Added Tax (VAT), pump price of fuel, electricity tariffs and exchange rates have combined to further pressure headline inflation rate to 14.9 percent in November, 2020. This...

Fed Govt Can No Longer Bear Electricity Tariff Shortfalls – Buhari         President Muhammadu Buhari, has said the tariff shortfalls in the power sector being borne by the Federal Government are no longer sustainable. Buhari said this on Thursday at the inauguration of Eko Electricity Distribution Company’s...

New Tariff Will Attract Power Sector Investments – NERC       The Nigerian Electricity Regulatory Commission on Tuesday said the recently reviewed service reflective tariff would attract more investments to the power sector. Chairman of the commission, Prof. James Momoh, who said this in Abuja during a working...

New Tariff Illegal Without NERC Order, Say Electricity Consumers         The implementation of the revised service reflective tariff for electricity by power distribution companies is creating confusion among power consumers as some customers of Discos described it as an illegality. According to the Nigerian Electricity Consumers Advocacy...

Electricity Tariff: FG Agrees To Provide Relief Of N10.20k/kW For Three Months       The Federal Government has agreed to provide a tariff relief of N10.20 per kilowatt of electricity for Nigerians for the next three months and also massively distribute free meters to electricity consumers. This was...

Labour Suspends Planned Strike As FG Puts Electricity Tariff Hike On Hold       The Nigeria Labour Congress and the Trade Union Congress have suspended the strike scheduled to commence today (Monday). This followed an agreement reached with the Federal Government at a meeting which started at 8.30pm...