A new report by the National Bureau of Statistics (NBS) reveals that 85.2% of Nigerian households still rely on the estimated billing model for electricity tariffs.
The Hotel owners have cited the recent increase in electricity tariffs as a key factor behind the rising...
The Abuja Electricity Distribution Company, (AEDC) has disclosed it has added 45 new feeders to the Band A category of customers who would enjoy a minimum of 20 hours of electricity as stipulated by the Nigerian Electricity Regulatory Commission (NERC).
The Eko Electricity Distribution Company (EKEDC) has announced the upgrade and downgrade of certain locations under its territory from Band B to Band A and vice versa.
Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have announced a nationwide strike set to commence on Monday, June 3rd, 2024.
The federal government has secured a $500 million World Bank loan to enhance power distribution in the electricity sector, following last month's tariff increase for top consumers across the country.
ICAN has called on the federal government to suspend the increase in electricity tariff for Band A customers, describing it as an additional burden on the masses.
The Minister of Power, Adebayo Adelabu, stated that the rise in electricity tariffs for Band A customers is a temporal hardship pending an increase in power sector output.
Members and leaders of the Nigerian Labour Congress (NLC), Trade Union Congress (TUC) and other affiliate labour unions in Lagos state are currently picketing the head office of Ikeja Electric today.
The International Monetary Fund (IMF) has stated that Nigeria’s budget deficit would increase beyond the projected figure for 2024 due to implicit fuel and electricity subsidy payments and increased interest costs on debt.
The Nigerian Electricity Regulatory Commission (NERC) has reduced the exchange rate for calculating the current electricity tariff for Band A customers by 16.03% from N1,463.3/$ to N1,277.8 from May to December 2024.
The Nigerian Electricity Regulatory Commission (NERC) has confirmed the approval of 8.1% electricity rate cut for customers under Band A category for all power distribution companies in the country (DisCos).
