September 24, 2021
  • September 24, 2021

Tag Archives

Manufacturers seek recapitalisation of Electricity distribution firms

by on September 3, 2021 0
The Manufacturers Association of Nigeria (MAN) has called for urgent review of the capital base of Power Distribution Companies (DisCO) to address liquidity issues in the sector. According to the Chairman,  Basic Metal Fabricated Iron and Steel Products  Manufacturers, a sectoral arm of MAN, Kamoru Yusuf, more funding for the sector would increase investment... Read More

Electricity consumers to pay more from Sept.1, as NERC approves new tariff for DisCo

by on August 28, 2021 0
Electricity consumers in the country will from September 1, this year pay higher tarrif for the electricity consumption as the industry regulator, the Nigerian Electricity Regulatory Commission (NERC) has approved increase in tariff for the 11 Power distribution companies (DisCo). According to a document, the NERC has given the energy distributors the leverage to... Read More

ICPC to tackle electricity sector corruption

by on August 27, 2021 0
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has promised to tackle corruption related matters arising from estimated billings, illegal selling of meters and other related offences in the electricity sector. The Chairman of ICPC, Bolaji Owasanoye, while speaking at a consultation meeting of business membership organisations and electricity regulatory bodies organised... Read More

TCN suspends electricity direct sales to eligible customers

by on August 6, 2021 0
The Transmission Company of Nigeria (TCN) has suspended the evacuation of electricity to eligible customers, it was learnt on Thursday. In July 2018, the immediate past Minister of Power, Babatunde Fashola, announced the introduction of the Eligible Customer policy, explaining that it would accelerate power supply to industries and heavy consumers. Fashola, who is... Read More

Nigeria could not meet 83.4% of national electricity requirement ~NESO

by on July 21, 2021 0
Nigeria’s power sector was only able to generate about 15.6 percent of the total projected national daily requirement of 28.880 megawatts, according to the Nigeria Electricity System Operator (NESO). A trend analysis of data released by the system operator indicated that despite the various financial interventions by the federal government, mostly through the Central... Read More

NERC unveils new 99 firms to provide meters to electricity consumers

by on July 20, 2021 0
The Nigerian Electricity Regulatory Commission (NERC) has announced 99 metering service providers for the Nigerian Electricity Supply Industry (NESI). In a notice on its website, the Commission explained that it issued fresh licenses to new providers while it renewed some expired ones. Some of the companies that the Commission certified as meter vendors are... Read More

Nigeria losing 3,000 MW of electricity generation to inefficiency

by on July 8, 2021 0
Nigeria had lost about 3,000 megawatts electricity generation capacity with les than half of the country power capacity being distributed acrosss the country. Executive Secretary, Association of Power Generation Companies, Joy Ogaji, said the available generation capacity plunged from about 9,000MW to 6,000MW. She, however said even at 6,000 MW, distribution capacity is far... Read More