Despite its promises for improved electricity supply at customer-friendly tariff and cost regime, the Nigerian Electricity Regulatory Commission (NERC) has approval an upward adjustment in the prices of prepaid electricity meters. The regulatory commission, in a circular dated September 5, 2023 and signed by its Chairman, Sanusi Garba, and the Commissioner of Legal, Licensing, and […]
The Nigerian Electricity Management Services Agency (NEMSA) has assured electricity consumers using pre-paid meters that units already purchased will not be lost during the imminent upgrade of their meters nationwide. The Head Communication and Protocol Unit, Mrs. Ama Umoren, in a statement on Sunday attributed the assurance to the Managing Director of NEMSA, Mr. Tukur […]
The Energy Markets Rates and Consultants (EMRC), a team of independent consultants providing energy market, regulatory, techno-economic and financing advice for electricity, renewables and gas sector, has adduced several reasons for the subsisting metering gap in Nigeria, despite efforts by the government and its partners to close the gap through the National Mass Metering Programme […]
The Minister of Finance and Coordinating Minister of the Economy, Dr. Wale Edun, said on Friday that the last time Nigeria’s economy looked stable was about 10 years ago, noting that since then the performance of the economy has been oscillating. The minister made this remark in his maiden press conference in Abuja during which […]
The Nigerian Electricity Regulatory Commission (NERC) has said that electricity customers with faulty meters have the right to have it fixed within two working days by their electricity distribution companies (DisCos). The commission’s General Manager, Finance and Management Services, Dr. Abdulkadir Shettima, made this disclosure in his paper presentation on Metering Issues at a recent […]
President Bola Tinubu has said Nigeria it is no longer desirable for Nigeria to continue to service its debt with 90% of her earned revenue in view of the negative implications for the nation’s sustainable growth. The President, who made this remark on Sunday in Abuja while declaring open the annual conference of the Nigerian […]
The Chief Executive Officer of Transcorp Group, Owen Omogiafo, has announced moves by the group’s management to add 2,000 megawatts to the nation’s grid before the end of this year. Omogiafo, who made this disclosure during a media briefing noted the previous challenges with gas and transmission but highlighted the impressive improvement recorded in Transcorp’s […]
A group of investors led by Transcorp Power Limited has acquired a 60% stake in Abuja Electricity Distribution Company (AEDC) as part of their investment drives to increase their franchise in the nation’s power sector Information on the deal indicated that the current MD/CEO of Transcorp Power Limited, Christopher Ezeafulukwe, would immediately take over as […]
Siemens Power, the German company handling Nigeria’s Presidential Power Initiative (PPI) designed to upgrade Nigeria’s grid hinted on Monday that the implementation of the project would be completed five years earlier than the 2030 earlier set for its completion. The Head of Business Development and Government Relations at Siemens Energy, Oladayo Orolu, who made this […]
The World Bank Group has unveiled plans to fund 1,000 mini solar power projects in Nigeria as part of its support for the nation’s current drive towards transition from fossil-fuel powered energy to climate-friendly green energy alternatives. The President of the bank, Ajay Banga, who made the pledge on Saturday, said that under the first […]