Power: FG, CBN Partner to Fund Four million Meters The Federal Government in partnership with the Central Bank of Nigeria, says it would fund the production of four million prepaid meters locally. This was revealed in a power sector document, ‘2022 Market Competition Report’ by the...

NERC Threatens Disconnection of Ajaokuta Steel Over N25bn Debt Electricity distribution companies through the Nigerian Electricity Regulatory Commission have warned the Federal Government that failure to settle its electricity bills totalling N25bn may result in its facility, Ajaokuta Steel Co. Ltd,’s disconnection from the national...

Power: Nigerians Paid N268bn Electricity Bills in Q2 – Report The Federal Government says power consumers paid a total of N267.86bn as electricity bills in the second quarter of this year. It disclosed this in the just released second quarter 2023 report of the Nigerian Electricity...

In Three Years, FG Increased Price of Meters By 145%   The federal government, through the Nigerian Electricity Regulatory Commission (NERC), increased the price of single-phase and three-phase pre-paid twice between 2021 and 2023 jerking up their prices by 83 per cent and 145 per cent,...

Consumers Kick Against 40% Electricity Meters Price Hike  The Nigerian Power consumers have opposed the increase in the prices of meters, calling on the government to consider Nigerians' plight and reverse the price hike. The Federal Government, on Wednesday, announced an increase in the prices of...

NERC Increases Prices of Prepaid Meters The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in the price of pre-paid electricity meters in the country. This was contained in a circular dated 5 September and jointly signed by the commission’s chairman and commissioner Legal, Licencing...