Tag "electricity tariff"

    Reps panel asks NERC to suspend electricity tariff increase

Reps panel asks NERC to suspend electricity tariff increase

The house of representatives committee on power has asked the National Electricity Regulatory Commission (NERC) to suspend the planned increase in electricity tariff.NERC had directed the electricity distribution companies (DisCos) to enforce an upward review of the tariff starting from April 1.But at its meeting in Abuja on Tuesday, Aliyu Magaji, the committee chairman, asked NERC to issue a directive [...]

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    Gbajabiamila: If electricity tariff must be increased, estimated billing has to end

Gbajabiamila: If electricity tariff must be increased, estimated billing has to end

Femi Gbajabiamila, speaker of the house of representatives, has expressed concern over the planned increase in electricity tariff, saying such a measure must lead to stable power supply.Writing via his Twitter handle on Friday, Gbajabiamila also said such an increase must be cost-reflective, and not another means to exploit electricity consumers.He added that it must also be done only after [...]

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    Dogara kicks against high electricity tariff — despite N123bn bailout

Dogara kicks against high electricity tariff — despite N123bn bailout

Yakubu Dogara, speaker of the house of representatives, has described the continuous increment of electricity tariff as an act of injustice to Nigerians.He said this at the national assembly during a public hearing organised by the house ad-hoc committee to interface with the Nigerian Electricity Regulatory Commission (NERC) and other stakeholders.According to the speaker, the hearing was set up to [...]

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    Fashola asks Nigerians to accept the reality of tariff review

Fashola asks Nigerians to accept the reality of tariff review

Babatunde Fashola, minister of power, works and housing, says Nigerians must accept the reality that electricity tariff might be increased for the country to enjoy reliable power.In an interview with THISDAY, the minister urged Nigerians to ask that meters be supplied instead of getting court injunctions against tariff review."If we want to experience reliable electricity, we must accept the reality [...]

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    Consider electricity tariff increase, DisCo boss tells Nigerians

Consider electricity tariff increase, DisCo boss tells Nigerians

Joseph Chiedu Ugbo, managing director of Niger Delta power holding company (NDPHC), says the call for increased electricity tariff is necessary for generating companies (GenCos) to meet their business cost and for the stability of the industry.Ugbo said this when Acting President Yemi Osinbajo visited the NDPHC headquarters in Abuja to inspect the N-Power call centre domiciled there.He said customers, [...]

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    Electricity tariffs to go up June 1

Electricity tariffs to go up June 1

The Nigerian Electricity Regulatory Commission (NERC) on Monday announced an increase in electricity tariff by between N1 and N5.NERC Chairman, Dr Sam Amadi, told a news conference in Abuja said that the new tariff would take effect from June 1 as provided for in the Multi-Year Tariff Order (MYTO).He said with the review, most electricity distribution companies (discos) will retain [...]

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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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