FG to Pay N1.6tn Power Subsidy, Suspends Electricity Tariff Hike The Nigerian Electricity Regulatory Commission, released the 2024 electricity tariffs which showed that the Federal Government is to shoulder about N1.6tn subsidy this year to avert electricity tariff hike. In the tariff review applications of the...

FG Issues New Licenses to 13 Electricity Generators, Distributors The Federal Government through the Nigerian Electricity Regulatory Commission has issued 13 new licences for the generation of off-grid and embedded power, independent electricity distribution, as well as for the trading of electricity. It said the new...

Power: DisCos’ Revenue Rises 30% to N782.74bn The Nigeria Electricity Regulatory Commission, NERC, says revenues collected by eleven electricity distribution companies, DisCos, increased by 30 percent in the first nine months of 2023 to N782.74 billion, compared to N598.13 billion collected over the same period...

N110bn Debt: NERC Dissolves Kaduna Disco’s Board, Plans Sale The Nigerian Electricity Regulatory Commission, on Monday, announced the dissolution of the board of directors of Kaduna Electricity Distribution Company over the Disco’s inability to pay N110bn debt owed to the Nigeria Electricity Supply Industry. In a...

Electricity Consumers Pay N783bn as Subsidy Gulps N376bn   The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday. The latest power subsidy...

Cashflow in Nigeria’s Power Sector Grows to N900bn - NERC The Nigerian Electricity Regulatory Commission, NERC, says liquidity in Nigeria’s power increased from N282 billion in 2015 to N900 billion. The Chairman of NERC, Engr Sanusi Garba, disclosed this on Thursday at the three-day ministerial retreat...