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Electricity tariff hike

Meter Installation By DisCos Drops by 60% In Q2, 2024 - Report

Federal High Court Stops IKEDC, NERC Electricity Tariff Hike

Court Orders Ikeja Electric to Halt Tariff Implementation The Federal High Court in Lagos, has issued an order restraining Ikeja Electric Plc and the Nigerian Electricity Regulatory Commission (NERC), from enforcing a recent tariff hike on “Band A” feeders. The decision came

June 26, 2024

Nigeria's Rising Electricity Demand Highlights Sector Challenges and Investment Opportunities

Nigeria’s Rising Electricity Demand Drives Sector Challenges, Investment Opportunities

The demand for electricity in Nigeria is surging, driven by a growing population and urbanization. Despite efforts to enhance power generation, millions of Nigerians still face energy poverty, with limited or unreliable access to electricity. This issue places immense pressure on both

May 31, 2024

Minimum Wage: Nigerian Govt Begs Labour Union To Reconsider Strike Action

Labour Unions To Begin Protest On Monday Over Electricity Tariff Hike

Labor unions across Nigeria are gearing up for nationwide protests starting today over the recent electricity tariff hike imposed by the Federal Government. The hike, which saw a 240% increase for Band A customers, has sparked widespread discontent among citizens and various

May 13, 2024

High Electricity Tariff May Force Over 65% Of Nigerian Businesses To Close Down - OPS

High Electricity Tariff May Force Over 65% Of Nigerian Businesses To Close Down – OPS

The Organised Private Sector (OPS) has lamented that the recent hike in electricity tariff by the Nigerian government may force over 65 per cent of private businesses to shut down.

April 17, 2024

Nigeria’s Electricity Tariff Hike: Any Impact On Productivity?

FEATURES·Power

Nigeria’s Electricity Tariff Hike: Any Impact On Productivity?

Since the privatisation of the power sector in 2013, electricity consumers have endured series of upward adjustments of tariffs.

April 12, 2024

Nigerian Electricity Regulatory Commission (NERC) has announce reduction of electricity tariff for band A customers from N225 per kilo watt hour (kWh) to N206.8kWh with effect from May 2024.

Business·Power

New Electricity Tariff Hike Will Reduce Subsidy By 40% – NERC

The Nigerian Electricity Regulatory Commission (NERC) says the new increase of electricity tariff will reduce subsidy for electricity generation by 40 per cent while the Federal Government would still retain about 50 per cent. Executive Vice Chairman of NERC, Musiliu Oseni, who

April 7, 2024

List Of 30 Ibadan Electricity ‘Band A’ Areas As New Electricity Tariff Triples For IBEDC Customers

List Of 30 Ibadan Electricity ‘Band A’ Areas As New Electricity Tariff Triples For IBEDC Customers

The Nigerian Electricity Regulatory Commission (NERC) has greenlit a hike in electricity tariffs, leaving customers in Band A areas of the Ibadan Electricity Distribution Company (IBEDC) feeling the pinch. Effective immediately, these consumers will be shelling out a staggering N225 per kilowatt-hour

April 6, 2024

Electricity Tariff Hike: NERC Fines Abuja DisCo ₦200m For Violation, Directs Customer Refunds

Electricity Tariff Hike: NERC Fines Abuja DisCo ₦200m For Violation, Directs Customer Refunds

NERC has slammed a fine of ₦200 million on the Abuja Electricity Distribution Company (AEDC) for non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order.

April 5, 2024

Nigerians Generate 40,000MW Of Electricity From Generator, Says Minister

Infrastructure Deficit Major Challenge In Nigeria’s Power Sector – Minister

Nigeria’s Minister of Power, Adebayo Adelabu, has expressed concerns about the dearth of infrastructure in the power sector which according to him, is a major factor accounting for poor power supply across the country. Adelabu, who spoke at a ministerial press briefing

April 5, 2024

Market Analysis: Nigeria’s Q2 Growth Numbers In View

Sector details from today's GDP, especially the balance between services

NGX stock market. Photo credit: TheCable

Nigeria’s Stock Market Sustains Bullish Run, UBA, Zenith, FBN Lead Gainers

The Nigerian All-Share Index edged higher on Thursday, holding above

Naira Rises To N1,500/$ At Official Market

Naira Rises To N1,500/$ At Official Market

The Nigerian naira has appreciated against the U.S. Dollar for

Bitcoins

Bitcoin Steady Above USD 114,000 as Markets Await CPI Release

The PPI fell 0.1% in August, its first drop in

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