Tag "Electricity"

    EXTRA: Stop calling us NEPA if you want electricity, say DisCos

EXTRA: Stop calling us NEPA if you want electricity, say DisCos

Sunday Oduntan, executive director of research and advocacy, Association of Nigerian Electricity Distributors (ANED), has asked Nigerians to stop calling its members NEPA. ANED is the umbrella body of electricity distribution companies (DisCos).Speaking during a programme on TVC, he said if Nigerians keep calling them NEPA, it means they don't want electricity.The National Electric Power Authority (NEPA) was in charge of [...]

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    TCN: We can’t avoid system collapses

TCN: We can’t avoid system collapses

The Transmission Company of Nigeria (TCN) says the frequent collapses of the national grid cannot be totally avoided.The grid had collapsed twice within two hours on Thursday, causing blackout across the country.In a statement on Friday, Ndid Mbah, TCN's spokesperson, said the development was as a result of the grid being operated without a spinning reserve.A spinning reserve is [...]

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    National grid collapses twice in two hours (updated)

National grid collapses twice in two hours (updated)

The national electricity grid collapsed twice in less than two hours on Thursday. The system, which had collapsed around 12:37 on Thursday, resulting in power outage in some parts of the country, went down again around 2:15 pm.Ikeja Electric (IE) confirmed the development in a tweet."Dear Customer, another system collapse was recorded at 14:15hrs today. Restoration efforts are ongoing. Kindly bear with [...]

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    Enugu DisCo: From February, we won’t accept cash for bills above N3,000

Enugu DisCo: From February, we won’t accept cash for bills above N3,000

The Enugu Electricity Distribution Company (EEDC) says from February 1, 2020, it will not accept cash payment for electricity bills above N3,000. In a statement on Wednesday, Emeka Ezeh, EEDC's head of communication, said the company is moving to the cashless policy in its bill collection.The Nigerian Electricity Regulatory Commission (NERC) had ordered electricity distribution companies (DisCos) to migrate their customers [...]

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    Increase of electricity tariff unacceptable, says reps’ minority leader

Increase of electricity tariff unacceptable, says reps’ minority leader

Ndudi Elumelu, minority leader of the house of representatives, says the proposed increase of electricity tariff in the country is unacceptable.The Nigerian Electricity Regulatory Commission (NERC) had announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO).Following the directive from NERC, electricity distribution companies (DisCos) said from April 11, they  will adjust their [...]

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    Buhari overrules power minister, recalls NBET MD

Buhari overrules power minister, recalls NBET MD

President Muhammadu Buhari has reversed the dismissal of Marilyn Amobi as the managing director of the Nigerian Bulk Electricity Trading Company Limited (NBET).The directive is in a memo issued by the office of the secretary to the government of the federation (SGF).TheCable understands that the agency has also been moved from the ministry of power to the ministry of finance.In [...]

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    Minister: Cabal in power ministry denying Nigerians of electricity

Minister: Cabal in power ministry denying Nigerians of electricity

Sale Mamman, minister of power, says the "cabal" in his ministry who are bent on denying Nigerians electricity.The minister said this while reacting to the criticism which trailed his suspension of some top officials in the ministry.Mamman had suspended Damilola Ogunbiyi, former managing director of the Rural Electrification Agency (REA), and Marilyn Amobi, managing director of the Nigerian Bulk Electricity [...]

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    New electricity tariff to kick in from April

New electricity tariff to kick in from April

The electricity distribution companies (DisCos) say they will begin the implementation of a new tariff  from April.The Nigerian Electricity Regulatory Commission (NERC) had announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO).The regulator said it does not envisage an immediate increase in end-user tariffs until April 1 and a transition to full cost [...]

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    PDP describes electricity tariff increase as toxic New Year’s gift to Nigerians

PDP describes electricity tariff increase as toxic New Year’s gift to Nigerians

The Peoples Democratic Party (PDP) says the proposed increase in electricity tariff by the federal government will worsen the suffering of Nigerians.The Nigerian Electricity Regulatory Commission (NERC) announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO). From April, 11 electricity distribution companies (DisCos) will adjust their tariffs upwards.In a statement on Sunday, Kola [...]

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    Nigerians to pay more for power as NERC directs DisCos to increase tariff

Nigerians to pay more for power as NERC directs DisCos to increase tariff

Nigerians will now pay more for electricity as the Nigerian Electricity Regulatory Commission (NERC) has directed the 11 electricity distribution companies (DisCos) to increase their tariff from January 1.James Momoh, NERC chairman, and Dafe Akpeneye, its secretary, gave the directive in a memo sent to the DisCos.The commission had published the new tariffs for the different DisCos and categories of [...]

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    Buhari: Nigerians should expect better electricity supply in 2020

Buhari: Nigerians should expect better electricity supply in 2020

President Muhammadu Buhari has asked Nigerians to expect significant improvement in electricity supply across the country in 2020.In his New Year’s message on Wednesday, Buhari said his administration will create solutions to help separate parts of the power sector value chain to work better.The president said the next 12 months will witness the gradual implementation of the actions.Nigeria currently generates [...]

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    ALERT: From March 31, DisCos won’t accept cash payment for electricity bills

ALERT: From March 31, DisCos won’t accept cash payment for electricity bills

The federal government has ordered electricity distribution companies (DisCos) to adopt electronic platforms for the payment of energy bills across the country.The Nigerian Electricity Regulatory Commission (NERC) said the move is to reduce the aggregate technical, commercial and collection losses the DisCos are battling with.The commission asked the DisCos to leverage on available banking channels approved by the Central Bank [...]

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    Buhari appoints Salihijo Ahmad as REA MD

Buhari appoints Salihijo Ahmad as REA MD

President Muhammadu Buhari has appointed Ahmad Salihijo Ahmad as the managing director of the Rural Electrification Agency (REA).On December 24, Sale Mamman, minister of power, ordered the indefinite suspension of Damilola Ogunbiyi, former REA managing director.The minister also ordered an investigation into alleged infractions by the agency under Ogunbiyi.Mamman said the move was to sanitise the activities of the agency [...]

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    Minister asks Amobi, NBET MD, to step down

Minister asks Amobi, NBET MD, to step down

Sale Mamman, minister of power, has asked Marilyn Amobi, managing director of the Nigerian Bulk Electricity Trading Company Limited (NBET), to step down with immediate effect.This comes a few hours after the minister ordered the indefinite suspension of Damilola Ogunbiyi, managing director of Rural Electrification Agency (REA).In a statement on Tuesday, Aaron Artimas, special adviser to the minister, said [...]

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    NERC: 3 persons electrocuted every week between April and June

NERC: 3 persons electrocuted every week between April and June

The Nigerian Electricity Regulatory Commission (NERC) says at least three persons were electrocuted every week between April and June.NERC said this in its latest 2019 report.The commission said the health and safety practices of operators in the industry were on the decline.The regulator also said the safety of electricity providers and users in Nigeria remains one of its key priorities."The [...]

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    FG sets up task force to reform power sector

FG sets up task force to reform power sector

Saleh Mamman, minister of power, has inaugurated a special task force on the power sector.Speaking in Abuja on Thursday, the minister said the task force will function as an advisory team to address power challenges in the country.Mamman said the committee is part of the ongoing reforms to improve on policies and innovative technologies in the sector.The task force [...]

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Exchange Rates

January 20, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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