30 results
- 15 Jul 2016
Discos Insist on New Electricity Tariff
Electricity distributors have rejected a Federal High Court ruling mandating the Nigerian Electricity Regulatory Commission (NERC) to reverse the 45 per cent increase in electricity tariffs in the…
- 7 Sept 2025
NASS to Scrap NERC’s Electricity Tariff Bands Amid Public Outcry
National Assembly (NASS) has commenced a review of the 2023 Electricity Act with strong indications that the electricity tariff categories introduced by the Nigerian Electricity Regulatory Commission…
- 5 Jan 2021
NERC Denies Increasing Electricity Tariff
The management of the Nigerian Electricity Regulatory Commission (NERC) has said there is no 50 per cent increase in electricity tariff. This was made known by Mr Micheal Faloseyi, NERC’s Head of…
- 8 Oct 2015
Buhari Rejects New Electricity Tariffs, Wants Improved Power
President Muhammadu Buhari has frowned at the current electricity tariffs, stating that until there is stable power supply in the country, electricity tariffs cannot remain at their current level.…
- 25 Dec 2014
NERC Hikes Electricity Tariff
An amended ‘special’ Multi Year Tariff Order to be known as MYTO 2.1 officially took off Wednesday. Essentially, from yesterday, electricity tariff went up. However, because service delivery has not…
- 22 Jan 2023
SERAP Sues Buhari Over Failure to ‘Reverse Unlawful Electricity Tariff Hike’.
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over “the failure to reverse the unlawful, unjust, and unreasonable increase in…
- 22 Dec 2015
NERC Increases Electricity Tariffs, Scraps Fixed Charges
The Nigerian Electricity Regulatory Commission ( NERC) has finally released the new power tariff regime, in which it outlined the various rates of increase in energy charges for consumers across the…
- 2 Feb 2025
FG Asks Nigerians to Brace for Fresh Electricity Tariff Hike
Federal government has said that it plans are ongoing to increase electricity tariffs “over the next few months”. The government however, said that the planned increase needed to be balanced by…
- 3 Mar 2025
NLC Fumes Over Telecom, Electricity Tariff Hikes
Nigeria Labour Congress (NLC) has alerted its affiliates to prepare for a possible nationwide protest over the recent hike in telecommunications service tariffs and the proposed electricity band…
- 22 Sept 2020
Labour Plans Protest over Increase in Fuel Price, Electricity Tariff Hike Monday
Labour and civil society coalition under the umbrella of Trade Union Congress (TUC) and Nigeria Labour Congress (NLC) has resolved to embark on a nationwide protest against recent hike in prices of…
- 1 Jan 2024
No Plan to Hike Electricity Tariff January 1 – Discos
Some power distribution companies in the country have denied reports of having plans to increase electricity tariff beginning from January 1, 2024. They stated that there is no directive from the…
- 16 Feb 2016
Senate Orders Minister, NERC to Suspend Electricity Tariff Hike
The senate has ordered the Ministry of Power led by Babatunde Fashola, the Nigeria Electricity Regulatory Commission (NERC) and electricity distribution companies immediately stand down of the…
- 27 May 2014
Nigerians Get New Electricity Tariffs
From June 1, some electricity consumers will pay far lesser than what they are currently paying for fixed charges and energy consumption. A few others, according to the Nigerian Electricity…
- 27 Dec 2021
Inflation: World Bank Warns Nigeria against Hiking Electricity Tariffs
The World bank has warned Nigeria and other emerging economies against raising electricity tariffs, arguing that s such steps will push inflation in 2022. In its latest Commodity Markets Outlook…
- 26 Feb 2015
Businesses Threaten Shut Down over High Electricity Tariff
Industry owners and employers of labour on Wednesday declared that they would be forced to shut down their operations if the Nigerian Electricity Regulatory Commission (NERC) continues to insist that…
- 29 Nov 2024
Electricity Subsidy Soars to ₦2.4 Trillion Despite Tariff Reforms
Federal Government’s electricity subsidy has surged by 269%, rising from ₦650 billion in 2023 to an estimated ₦2.4 trillion in 2024. This increase comes despite the implementation of the Band A…
- 10 Sept 2021
Agusto & Co: The State of the Nigerian Electric Power Industry
As the Electric Power Industry (the Industry) announced yet another review of electric tariffs in January 2021, after much deliberation and delays, a key question that comes to mind is ‘will a rise…
- 7 Jan 2021
FG Directs NERC to Suspend Tariff Hike
The Federal Government has directed the Nigerian Electricity Regulatory Commission to suspend the recently adjusted electricity tariff. Mamman Saleh, minister of Power, made this known in a statement…
- 30 Aug 2024
NERC says World Bank will Crash Solar Tariff in Nigeria
The Nigerian Electricity Regulatory Commission (NERC) has said the World Bank will soon be executing a solar auction framework that will reduce the cost of solar tariff in Nigeria. The Head of the…
- 15 Jan 2024
Electricity Subsidy Gulped N700bn in 2023 - Adelabu
Adebayo Adelabu, Minister of Power says the Federal government has so far spent N700 billion to subsidize electricity. According to Adelabu, the Federal Government still subsidises electricity…
- 25 Jun 2019
Nigeria Heading Towards Bankruptcy, Says Sanusi
Muhammad Sanusi, emir of Kano, has said that Nigeria is on the threshold of bankruptcy following unfavorable economic policies. Speaking at a workshop the office of the accountant-general of the…
- 7 Aug 2013
NERC Says Tariff Hike Mandatory Every June 1
Nigeria Electricity Regulatory Commission (NERC) has explained that the latest increase in tariff was not due to inflation rate but mandatory every June 1. The commission said in a statement that, "…
- 5 Dec 2022
Inflation, Diesel, Other Market Forces Escalate Cost of Services
Global Economic Woes With only about a month before the end of 2022, it is difficult for the year to be remembered for anything other than the war in Ukraine and the chaotic shock waves that…
- 29 Jun 2020
DisCos Halt Tariff Hike after NASS Intervention
National assembly has convinced electricity distribution companies (DisCos) to halt the proposed increase in tariff for power consumers from July 1, according to Ola Awoniyi, special adviser to the…
- 12 May 2025
NERC Orders DisCos to Compensate Band A Customers in 557 Streets
Nigerian Electricity Regulatory Commission (NERC) has directed nine electricity Distribution Companies (DisCos) to compensate Band A customers residing in 557 streets across their franchise areas for…
- 13 Nov 2012
Nnaji’s Power Firm Begins Power Supply Next Year
Geometric Power Ltd owned by Professor Barth Nnaji, former power minister will start supplying power to Aba town, Abia State in February, according to a statement by the company’s publicist. This is…
- 3 Feb 2025
NLC Calls Off Planned Protest over 50 Percent Telecom Tariff Hike
Nigeria Labour Congress (NLC) has called off its planned protest against the 50 per cent increase in telecom tariffs. Joe Ajaero, president, NLC, The labour union announced the protest last week,…
- 23 Jul 2024
Reps Ask NERC, DISCOs to Reverse Band A Tariff Hike
House of Representatives on Tuesday asked the Nigeria Electricity Regulatory Commission (NERC) and the distribution companies, DISCOs, to reverse the tariff hike for Band A customers immediately.…
- 13 Sept 2017
Group Asks Buhari to Sack Fashola, Others for Non-Performance
Centre for Anti-Corruption and Open Leadership (CACOL), a community-based and civil society organisation has called on President Muhammadu Buhari to urgently rejig his cabinet and as a matter of…
- 19 Apr 2020
COVID-19: PDP Demands Suspension of Charges on ATM, Others
Peoples Democratic Party (PDP) demanded that the Central Bank of Nigeria (CBN) should immediately open an arrangement with commercial banks for the suspension of charges for use of ATM cards and low…