Nigeria reduces Band ‘A’ electricity tariff to N206.80 /Kwh

The Nigerian Electricity Regulatory Commission (NERC) has ordered the System Operator at the Transmission Company of Nigeria, to cap power supply to cross-border customers in Benin Republic, Niger, and Togo to six per cent. The directive to be in effect for six months subject to review, is outlined in a document which stipulates that power […]

Federal Government increases Electricity Tariff for “Band A” Customers

The Federal Government has jacked up the electricity tariff for Band A customers.  Band A are those who enjoy electricity supply for 20 hours per day, representing 15 per cent of the 12 million electricity customers in the country.  At a press briefing in Abuja yesterday, the Vice Chairman of the NERC, Musliu Oseni, said […]

Power distribution companies deny reports of electricity tariff hike

Power distribution companies have denied reports of electricity tariff hike beginning from today, January 1, 2024. They said the Nigerian Electricity Regulatory Commission had not issued any directive for such. It was reported on Sunday that power distribution companies were planning to hike electricity tariffs from January 1, 2024, a development that was neither confirmed […]