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Electricity trading coy requests licence renewal amid $2bn annual revenue

The Nigerian Bulk Electricity Trading Plc has requested the renewal of its operating licence from th...

September 13, 2024
Nigerians Struggle With Estimated Billing As Meter Price Nears N250,000

The Nigerian Electricity Regulatory Commission's (NERC) decision to deregulate Meter Asset Providers...

August 19, 2024
Monthly Power Subsidy Soars by 151% to N211bn

The electricity subsidy obligation of the Federal Government rose from N252.76bn to N633.30bn in the...

August 1, 2024
Commissioner To Manufacturers: Adapt To Tariff Hikes For Improved Power Supply
July 26, 2024

The Commissioner for Energy in Ondo State, Razaq Obe, has stated that manufacturers will need to ada...

DisCos Earned N291bn Q1 Amid Power Sector Crisis
July 24, 2024

The electricity distribution companies in Nigeria has managed to generate a revenue of N291.62bn dur...

Minister Declares Sanctions For Agencies Not Performing Well
July 17, 2024

The Minister of Power, Adebayo Adelabu, announced on Tuesday that penalties would be enforced on any...

Ibadan DisCo Warns Against Paying Cash to fake Agents
July 11, 2024

The Ibadan Electricity Distribution Company has cautioned customers against making cash payments to...

USAID to Invest N115bn in Nigeria’s Power Sector
July 11, 2024

The United States Agency for International Development and the Federal Ministry of Power have offici...

NLC Demand New Tarrif Hike Reversal for Band A Customers
July 5, 2024

The recent increase in tariff for Band A customers from N206.80 per kilowatt-hour to N209.5/KWh has...

TCN Repairs Cause Two-Month Blackout in Ondo ,Ekiti
July 1, 2024

Electricity consumers in Ondo and Ekiti states expressed concern about the potential negative effect...

Six Companies Acquire Licences To Distribute Power
June 30, 2024

The commission explained that the networks were designed to be independent of the main transmission...

FG to Establish Electricity Offences Tribunal, Activates 2.6m Meters
June 21, 2024

The Federal Government On Thursday announced that it is finalizing the establishment of an electrici...

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