The Nigerian Electricity Regulatory Commission has imposed a fine of N37.52m on the Port Harcourt Electricity Distribution Company over its failure to submit audited financial reports since 2013 when a new management came on board. NERC in its Directive 158 that was signed by its...

The Nigerian Electricity Regulatory Commission has told power firms carved out of the defunct Power Holding Company of Nigeria to comply with the agreements they entered into with the Bureau of Public Enterprises or be sanctioned. The General Manager, Legal, Licensing and Enforcement, NERC, Mrs....

More than six months after the nation’s electricity generation dropped below 3,000 megawatts, output from the power plants is still 1,552MW lower than the peak achieved in February. Power generation stood at 3,523.10MW as of 6am on Friday, September 2, 2016, up from 3,026.3MW on...

The Nigerian Bulk Electricity Trading Plc (NBET) and Central Bank of Nigeria (CBN) are currently negotiating new financial stimulus worth N180 billion to support electricity operators in Nigeria’s power sector, THISDAY has learnt. The paper gathered from an exclusive interview with the acting Managing Director...

Inadequate gas supply due to pipeline vandalism, the looming threat of reversal of electricity tariff hikes, inability of power companies to sign gas supply contracts, and large amounts of debt owed to power companies by ministries, departments and agencies (MDAs) of the three tiers...

No fewer than 600 workers of meter manufacturers have lost their jobs in the past six months. Reason: lack of patronage in the power sector, The Nation has learnt. The firms, under the umbrella of the Electricity Meters Manufacturers Association of Nigeria (EMMAN), resorted to...