Poor management of the Transmission Company of Nigeria (TCN), especially the national electricity grid, where over $7.5 billion has been invested in the last 10 years, yesterday, led to the collapse of the system, bringing the collapse to 138 since the power sector was privatized.

• Supply increases by 13 per cent The number of metered electricity customers in Nigeria stood at 5.47 million in Q2 2023, indicating a growth of 10.4 per cent from the figure reported in Q2 2022 which was 4.96 million. On a quarter-on-quarter basis, the growth was only 3.1 per cent from 5.31 million recorded…

With the masses and business owners scampering to share a meagre 3,500 megawatts load offtake in the Nigerian Electricity Supply Industry (NESI), President Bola Ahmed Tinubu may be starting on a very sluggish note in the power sector...

Stakeholders have called on customers to be wary of fraudsters who would take advantage of the prepaid meter update claiming to be from electricity distribution companies (DisCos).

Cost of living is soaring. First, prices of building materials have skyrocketed in the last two months. Checks in markets show a 70 per cent increase in prices of critical materials way beyond what obtained in 2022.

Opposition by the National Assembly to the proposal for a 40 percent increase in electricity tariffs in the country is logical and in tandem with realities of power supply and the economics of Nigerians.

Over $1.2 billion has been spent on key distribution projects in the country as part of measures to improve power supply in the country, Niger Delta Power Holding Company Limited (NDPHC) has said.

Again, the much-anticipated ministerial list of President Bola Tinubu that was earlier promoted to be unveiled yesterday at the Senate, was postponed until the last day allowed by the Constitution, Thursday, July 27, which marks 60 days after the President’s inauguration.

House of Representatives has faulted ongoing moves by distribution companies (DisCos) to hike electricity tariff in the country.

Calls for auditing and legal action taken against defaulting electricity metre manufacturing firms in the country resonated yesterday as stakeholders queried the bid for a $155 million World Bank loan to import metres as the Federal Government continues in its efforts to bridge the over 8.1million metering gap.

The Federal Government has disclosed that the 11 power distribution companies in the country have submitted applications for the revision of their electricity tariffs. The Nigerian Electricity Regulatory Commission (NERC) announced this in a notice published on Friday. The request for rate review, according to NERC, is based on the need to incorporate changes in…

One hot topic that aroused great concern last week and is likely to remain hot going forward is the planned tariff increase by energy distribution companies, otherwise known as DisCos.