By Udeme Akpan & Gabriel Ewepu Electricity Distribution Companies, DISCOs, have petitioned the Bureau of Public Enterprises, BPE, seeking to return the privatized power assets to government over what they considered as undue interference in their operations. Investigations by Vanguard, yesterday, indicated that their action was propelled by recent developments, especially the planned forensic audit […]

In spite of the public outrage over last week’s electricity tariff hike which the government said it was meant to fund electricity infrastructure, the federal government is set to spend additional N152.416 billion in funding the Nigerian Bulk Electricity Bulk Trading Plc in 2021.

By Joseph Erunke AS Nigerians continue to kick against recent increment in electricity tariff and petroleum products, the National Association of Nigerian Students, NANS, hinted Sunday, that it has begun mobilisation of members for a possible showdown with the federal government. The action, according to the students’ body, was aimed at forcing the government to […]

By David Royal A man was on Thursday seen opposite the University of Ibadan staging a one-man protest against the increased petrol price and Electricity tariff. He was seen carrying a placard that read  “I can’t take this anymore, increased petrol price and Electricity tariff” An eyewitness who saw the one-man protest wrote on Twitter […]

…Says Buhari’s government heartless, anti-masses By Chris Ochayi The Advocacy for Integrity and Economic Development, AIED, has tongue-lashed President Muhammadu Buhari’s led administration over the increase in electricity tariff and the pump price of Premium Motor Spirit, PMS, also known as petrol, describing the government as heartless and anti-people. The AIED, while condemning the upward […]

The former chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, Mr Wale Adegbite on Wednesday faulted the new increment in electricity tariff in the country. Adegbite told the News Agency of Nigeria (NAN) in Ota, Ogun that the tariff increase was not justifiable. NAN reports that the new electricity tariff by Electricity Distribution Companies (DisCos) […]

The management of the Abuja Electricity Distribution Company (AEDC) says it has started implementing new Service Reflective Tariff Plan (SRT) across its franchise area from Sept. 1. Mr Oyebode Fadipe, AEDC’s General Manager, Corporate Communications, announced this in a statement in Abuja on Tuesday. According to Fadipe, the SRT plan is a Nigerian Electricity Regulatory […]

In a bid to mitigate power sector losses as a result of system downtime limiting the availability of electricity in Nigeria, Schneider Electric, has launched a range of solutions that adapted to the Nigerian environment. Power outage has continued to plague businesses and households in Nigeria with a report by the office of the Vice President indicating that a total of N447 billion has been lost by the power sector due to transmission, distribution and generating constraints.

….As Buhari approves 1yr imported metres levy deferment By Emma Ujah,  Abuja Bureau Chief Deposit Money Banks have been requested by Central Bank of Nigeria, CBN, to ensure that   Electricity Distribution Companies, DISCOs, pay for consumed power they were provided guarantees. This is part of a renewed effort to improve payment discipline in the Nigerian […]

By Prince Okafor The Transmission Company of Nigeria, TCN, said it recorded another improved all-time national peak of 5,420.30 Megawatts, MW. The attainment according to the TCN was effectively transmitted through the national grid at a frequency of 50.10Hz at 9:15pm, August 18, 2020. The company stated that this is the highest ever recorded in […]