FG To Fund N104.5bn Electricity Tariff Shortfall       The Federal Government will fund a tariff shortfall of N104.5bn that will be recorded by electricity distribution companies from September to December 2020, according to the Nigerian Electricity Regulatory Commission. The Discos had early this month announced what they...

DisCos Hike Electricity Rates As New Tariff Begins Tuesday     The power Distribution Companies (DisCos) are already hiking electricity rates despite the effects of the COVID-19 as a three-month tariff hike implementation begins on Tuesday. Tariff schedules of three DisCos seen by our correspondent on Monday night,...

Power Crises: More Electricity Woes As Tariff Shortfall Heads To N822bn     Against the backdrop of the recent reversal of the new electricity tariff take-off,, the World Bank has indicated that Nigeria’s electricity tariff shortfall would rise by 56.9 per cent to N822 billion in 2023...

Capped Tariff Costing DisCos N14bn Monthly     The power sector is denied N13.9bn revenue monthly as a result of the capping on estimated electricity bills by the Nigerian Electricity Regulatory Commission, power distribution companies stated on Thursday. Electricity distribution companies are the revenue collection outfits of Nigeria’s...

NERC Suspends Electricity Tariff Increase   The Nigerian Electricity Regulatory Commission has suspended the proposed increase in electricity tariffs initially slated for Wednesday (today). NERC had on January 4, in its December 2019 Minor Review of Multi Year Tariff Order 2015 and Minimum Remittance Order for the...

Electricity Tariff To Increase On Wednesday   Nigerians will from Wednesday, April 1, 2020, pay more for electricity. The Nigerian Electricity Regulatory Commission had disclosed this in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020. Checks by Economic...