The Lagos Chamber of Commerce and Industry (LCCI) is urging the Central Bank of Nigeria (CBN) to reconsider its monetary policy stance so as to avoid further increases in the interest rate.

NERC: No Hike In Electricity Tariffs The Nigerian Electricity Regulatory Commission, NERC has clarified that reviews do not automatically translate into an increase in electricity tariffs. The electricity market regulator made this known in a statement titled ‘Notice of Compliance in Respect of the Biannual Review...

Power Revenue Improved, Customers Paying 78% Tariffs – NERC       Revenue to Nigeria’s power sector has improved since the implementation of Service Based Tariffs that started in November 2020, the Nigerian Electricity Regulatory Commission said on Wednesday. NERC also said that power users in bands A and...

NERC To Review Electricity Tariffs, Capital Expenditure In July       The Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July. It disclosed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity...

Nigerians’ll Pay Higher Electricity Tariffs, FG Promises IMF     Nigerians will pay much higher tariff for power in 2021, going by promises made by the Federal Government to the International Monetary Fund while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The Executive Board of...