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Tag Archives: NERC

August, 2018

  • 26 August

    Power Distribution Companies Owe Service Providers Over N200bn

    Power distribution companies operating in Nigeria are said to be owing electricity service providers a total of N205.51bn. According to an August 2018 report submitted to the Market Operators at a recent power sector stakeholders’ meeting, the bill of the distribution companies, DISCOs, have accumulated over a period of years. …

May, 2018

  • 4 May

    Fashola Inaugurates NERC Chairman

    Minister of Power, Works and Housing, Babatunde Fashola has inaugurated the Chairman, Nigerian Electricity Regulatory Commission, NERC, urging the commission to focus more on customer service to move the power sector forward. Speaking after the brief ceremony, Fashola, on Thursday in Abuja, said customer service was “a challenging bridge that …

April, 2018

  • 27 April

    Buhari Appoints Secretary, Directors For NHRC, NDDC, NERC

    President Muhammadu Buhari has approved the appointment of five new executives for National Human Rights Commission (NHRC), Niger Delta Development Commission (NDDC) and Nigerian Electricity Regulatory Commission (NERC). Olusegun Adekunle, Permanent Secretary, General Services Office, Office of the Secretary to the Government of the Federation (OSGF), made this known in …

March, 2018

  • 15 March

    NERC To Enforce New Metering Rule April

        The Nigerian Electricity Regulatory Commission, NERC, will enforce  its recently unveiled Meter Asset Provider Regulations, on April 3, 2018, a policy that seeks to bridge the widening metering gap in the electricity supply industry. It was gathered that the country’s metering gap had increased to about 4.74 million, …

August, 2017

  • 22 August

    CBN, Others Remitted N687.82bn Operating Surplus In 9 Years

    The Fiscal Responsibility Commission has revealed that some federal government agencies have remitted about N687.82bn to the Consolidated Revenue Fund in nine years. PUNCH reported that the amount was remitted as operating surplus between 2007 and 2015. The FRC Act 2007 requires listed government agencies to remit 80 per cent of …

April, 2017

  • 21 April

    Buhari Nominates James Momoh As NERC Chairman

        President Muhammadu Buhari has nominated Prof. James Momoh for the position of Chairman of the Nigerian Electricity Regulatory Commission, NERC. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists on Friday. Shehu said the President’s …

January, 2017

  • 11 January

    Senate Rejects Buhari’s US-Based Nominee

    By Tony Nwanne The senate has rejected the nomination of Akintunde Akinwande, the nominee of President Muhammadu Buhari as the chairman of Nigerian Electricity Regulatory Commission (NERC).  In its first plenary in 2017 on Tuesday, January 10, the Senate said Prof Akintunde’s rejection was because of his failure to attend …

July, 2016

  • 19 July

    Low Patronage Threatens Local Meter Production

    By Tony Nwanne Manufacturing companies in the country say they are on the verge of losing over N50 billion invested in the production of smart meters due to low patronage by electricity Distribution Companies (DISCOs) and lack of credit from banks. They accuse the DISCOs of unwillingness to phase out …

  • 13 July

    Court Nullifies Increase In Electricity Tariff, Says It’s “Reckless”

    By Paul Sanusi   Justice Mohammed Idris of a Lagos Federal High Court, Wednesday, nullified the increment in electricity tariff recently announced by the Nigerian Electricity Regulatory Commission (NERC). The judge, while delivering judgment in a suit filed by a human rights lawyer, Toluwani Yemi Adebiyi, against NERC, described the hike …

February, 2016

  • 8 February

    Unionists Protest Electricity Tariff Hike (Photos)

    Some unionists led by the Nigeria Labour Congress are protesting the 45 percent increase in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC). The new tariff, which took effect from 1 February, has been described as a burden on Nigerians.  The protest has started from the Labour House in …

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