Sunday, April 7, 2019

Tag "Estimated billing"

    HURRAY! Reps pass bill criminalising estimated billing

HURRAY! Reps pass bill criminalising estimated billing

The house of representatives has passed a bill seeking to criminalise estimated billing in the country, among other things.The lower legislative chamber passed the bill on Tuesday after considering the report of its committee on power sector.The report was adopted unanimously after Yusuf Lasun, deputy speaker of the house, put it to a voice vote.The bill aims to criminalise estimated [...]

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    22 companies get approval for prepaid meter distribution, installation

22 companies get approval for prepaid meter distribution, installation

The Nigerian Electricity Regulatory Commission says it has given approval to 22 companies to take over the distribution and installation of prepaid meters.According to a statement by Usman Abba-Arabi, NERC's general manager, public affairs, ‘No Objection’ qualifies intending investors to participate in the meter procurement process in the Nigerian Electricity Supply Industry (NESI).NERC introduced meter asset provider (MAP) on April [...]

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    Soon, it’ll be the right of every Nigerian to own prepaid meter

Soon, it’ll be the right of every Nigerian to own prepaid meter

A bill seeking to prohibit the issuance of estimated electricity bill to electricity consumers in the country has passed second reading at the house of representatives.The Electric power sector reform act (amendment bill), sponsored by Femi Gbajabiamila, leader of the house, proposes a legislation to criminalise such billings method.By creating new sections 68 to 72 in the act to prohibit [...]

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    Estimated billing will soon end, DisCos assure customers

Estimated billing will soon end, DisCos assure customers

Electricity distribution companies (DisCos) say they are working to fulfil their metering obligations to consumers with minimal power consumption in a bid to phase out estimated billing.The DisCos made this assurance in a statement signed by Azu Obiaya, chief executive officer of the Association of Nigerian Electricity Distributors (ANED).They said that their metering targets, which was captured in the performance [...]

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Exchange Rates

April 5, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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