Consumers pay N1.2trn for electricity in six months — NERC
By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The figure represents revenues collected by the 11 electricity Distribution Companies (DisCos), based on NERC’s monthly commercial performance reports between January and […]
FG to effect minor electricity tariff hike by July 1
By Obas Esiedesa Despite the improving revenue in the power sector, the federal government is set to effect another tariff increase on July 1, following a notice by the Nigeria Electricity Regulatory Commission, NERC, to that effect. The government’s latest move which is part of the half-yearly review of the Multi-Year Tariff Order, MYTO, has […]
Power sector revenue grows by 40% in three months
By Obas Esiedesa Six months into the Federal Government’s intervention in the revenue process of the power sector, the latest figures have shown that revenue grew by 33.93 percent in the last three months to N184.26 billion as of February, 2021. The Presidential Power Sector Working Group had in September 2020, intervened in the collection […]
NERC approves N215.68bn for Ikeja, Eko DisCos upgrades
The Nigerian Electricity Regulatory Commission (NERC) has given approval to Ikeja Electric Plc to invest the sum of N121.92 billion for infrastructure upgrade across its network within a period of five years. NERC, which is the regulator of Nigeria’s electricity sector, also approved N93.76 billion for Eko Electricity Distribution Company (EKEDC) to upgrade infrastructure across […]
Electricity: Consumers, experts, others react as NERC plans new tariff review
By Udeme Akpan & Ediri Ejoh Consumers of electricity, experts, others, Tuesday, reacted as the Nigerian Electricity Regulatory Commission (NERC) plans a new tariff review in the nation. In its notice issued April 26, 2021, NERC had stated: “Accordingly, this notice is issued to inform the general public and industry stakeholders of the Commission’s intention […]
Nigeria’s rig count drops by 55.34% in Q1 ‘21
By Udeme Akpan THE rig count of Nigeria has dropped by 55.34 per cent in the first quarter, January–March, 2021 to 19, according to data collated from recent reports of the Organisation of Petroleum Exporting Countries, OPEC. The rig count, a major index of measuring activities in the upstream sector, had stood at 65 in […]
