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Tag: Electricity

Backlash as Benin DisCo heaps curses on electricity vandals, prepaid-meter bypassers
News

Backlash as Benin DisCo heaps curses on electricity vandals, prepaid-meter bypassers

The Benin Electricity Distribution Company has stirred controversy after publicly cursing individuals involved in vandalizing transformers and bypassing prepaid meters. In a post shared Wednesday on its official X (formerly Twitter) handle, BEDC wrote: “E no go beta for who dey vandalize transformer and who dey bypass.” The unusual statement quickly drew mixed reactions from […]

Nigerians spent N509.84bn on electricity in Q4 2024 - NERC
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Nigerians spent N509.84bn on electricity in Q4 2024 – NERC

Nigerians spent a total of N509.84 billion on electricity in the last quarter of 2024, marking an increase from the N466.69 billion spent in the third quarter, according to data from the Nigerian Electricity Regulatory Commission. Despite the improved revenue collection, electricity distribution companies still recorded a combined loss of N139.08 billion due to inefficiencies […]

Over 50 per cent of Nigerian electricity users unmetered - NERC
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Over 50 per cent of Nigerian electricity users unmetered – NERC

The Federal Government has revealed that over half of Nigeria’s registered electricity customers are yet to be metered, with 53.8 per cent of customers still relying on estimated billing. According to the Nigerian Electricity Regulatory Commission, as of September 30, 2024, only 6,156,726 of the 13,339,635 registered electricity customers across the country’s twelve distribution companies […]

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Blackout looms as NMDPRA halts gas supply to GenCos

Nigeria is facing a potential electricity blackout as the Nigerian Midstream and Downstream Petroleum Regulatory Authority has instructed gas producers to stop supplying gas to indebted generation companies. This could disrupt power generation and lead to widespread blackouts across the country. In a Wednesday post on X (formerly Twitter), the Nigeria National Grid announced that […]

Court dismisses MAN’s lawsuit against electricity tariff hike
News

Court dismisses MAN’s lawsuit against electricity tariff hike

The Federal High Court in Lagos has dismissed a lawsuit filed by the Manufacturers Association of Nigeria, challenging the Band A electricity tariff review implemented by the Abuja Electricity Distribution Company and 11 other firms. According to a statement by the Nigerian Electricity Regulatory Commission on Thursday, the judgment, delivered on Monday, found that the […]

Over 50 per cent of Nigerian electricity users unmetered - NERC
News

Tariff hike looms as electricity subsidy hits N182bn

Electricity consumers on Band A feeders may soon face another tariff increase due to a sharp rise in the electricity subsidy provided by the Federal Government. Recent figures reveal that the subsidy surged from N102.30 billion in May to N181.63 billion by September 2024. In April, the Nigerian Electricity Regulatory Commission removed subsidies for Band […]

Abuja DisCo, Transafam Power sign MoU for 50MW power project
News

Abuja DisCo, Transafam Power sign MoU for 50MW power project

The Abuja Electricity Distribution Company has entered into a significant agreement with Transafam Power Ltd. to provide 50 megawatts of embedded power to the Idu commercial hub in Abuja. The Memorandum of Understanding was formalized in Abuja on Wednesday, with Mr. Chijioke Okwuokenye, Acting Managing Director of AEDC, and Mr. Vincent Ozoude, Managing Director of […]

FG owes N100bn electricity bill debt - Distributors
News

FG owes N100bn electricity bill debt – Distributors

The Executive Director of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has disclosed that the Nigerian government holds an outstanding debt of approximately N100 billion in electricity payments. In an interview with Arise TV on Sunday, Oduntan emphasized the importance of the government creating an enabling environment for energy distributors in the country. He […]

Unresolved customer complaints against DISCOs disheartening, says FCCPCC boss
News

Unresolved customer complaints against DISCOs disheartening, says FCCPCC boss

There were numerous complaints on over billing, community transformer issues, accounts reconciliations, energy capping, tariff, metering, billings before connection to a new building, and disconnection without notice amongst others, recorded against the Ikeja Electricity Distribution Company at the recently concluded electricity consumer complaints resolution platform. The event, which was organised by the Federal Competition and […]

Power crisis hits manufacturers as energy costs rise 27%
News

Power crisis hits manufacturers as energy costs rise 27%

Melvin Onwubuke In view of the crisis affecting the power sector in Nigeria, the energy costs incurred by some of the largest listed companies in the country increased significantly last year. The most energy costs reported in 2023 are recorded by cement manufacturers, with BUA Cement posting an increase of 86.5 percent to N123,26 billion […]

Why I established $3.5m green entrepreneurship program - Elumelu
Opinion

Elumelu calls for privatization of electricity transmission lines

Melvin Onwubuke   Nigerian business tycoon, Tony Elumelu, has asked the federal government to privatize the transmission lines to enhance electricity supply and promote economic growth in the country.   Elumelu said in an interview with Bloomberg on Wednesday that the restructuring of the electricity sector is crucial for the recovery of the economy, and […]

92 million Nigerians without access to electricity - FG
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92 million Nigerians without access to electricity – FG

Melvin Onwubuke The Federal Government stated on Friday that, there are about 92 million Nigerians, who do not have access to electricity from the national grid. This was disclosed by the Minister of Power, Adebayo Adelabu, at the closing ceremony of the 7th Nigeria International Energy Summit in Abuja, according to The Punch. In the […]