FG To DisCos: Resume Free Metre Distribution
The Federal Government has given instructions to electricity distribution companies to resume the Metre Assets Providers programme, recently slowed down by the National Mass Metering Programme.
Although the DisCos’ MAP has been in existence for some years, the NMMP...
In 2 Months, Power Firms Piled N62bn Energy Debt
The 11 Distribution Companies (DisCos) could not pay N62.167 billion of the N138.633bn worth of energy invoices they received for power generation in January and February 2022.
And apart from Eko DisCo (in January) and Port Harcourt...
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...
CBN: Nigeria Generates N29.95 Billion From Exportation of Electricity
The Central Bank of Nigeria data report has revealed that Nigeria generated a sum of $72 million from electricity export in 2021, a naira equivalent of N29.95 billion, using the official exchange rate of N416/$1.
This is...
NERC Slams GenCos' N1.6tr Capacity Bill, Confirms New Tariff
The chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, has faulted the generation companies' claim of a N1.6 trillion capacity debt owed by the federal government, saying most of the companies lack a formal...
NERC: Togo, Benin Q2 Electricity Debt To Nigeria Hits N770m
The Nigerian Electricity Regulatory Commission (NERC) says the Republic of Benin, Niger Republic, Togo did not pay N770 million electricity bill owed Nigeria in the second quarter of 2021.
The commission disclosed this in its second-quarter...
