NESI
8 Jan
The President Bola Tinubu administration, through the Ministry of Power, has proposed spending a substantial N751.7 billion on new projects in the privatised power sector. These projects include procuring cables, transformers, and electricity poles.
6 Dec
The Nigerian Electricity Regulatory Commission (NERC) has extended the deadline for meter upgrades to January 1, 2025. NERC, in a statement on its official X account on Thursday, warned electricity distribution companies (DisCos) to ensure their customers' meters are upgraded by then or face sanctions. The commission set a new deadline for meter upgrades following…
28 Aug
Market risks arising from the transition of the Nigerian Electricity Supply Industry (NESI) towards a bilateral market may further compound electricity challenges in Nigeria unless concerted efforts are taken. Â
2 Jun 2024
The Power Generation Companies (GenCos), have appealed to the Federal Government to settle electricity debts owned them for electricity generation to enable them remain in business.
31 May 2024
The Nigerian electricity landscape has been undergoing significant transformations in alignment with the country’s goal of promoting a competitive national electricity market.The EPSRA 2005, now repealed by the Electricity Act (EA) 2023...
7 May 2024
The Nigerian Electricity Regulatory Commission (NERC), yesterday, reduced the tariff for Band A customers by N19, bringing the total end-user bills for about 1.5 million Nigerians to N206.80 Kilowatt per hour (KWh).
7 May 2024
Electricity tariff has just been increased by 240 per cent, although the hike applies only to a small, albeit significant segment of the electricity consuming population.
17 Apr 2024
The Nigerian Electricity Regulatory Commission (NERC), produced a tariff for Nigeria, and the Federal Government, FGN, approved it for implementation, begun on April 4, 2024 when across the country, NERC approved the tariff only for Band A customers
23 Mar 2024
The passage of the Electricity Act 2023, followed by its amendment via the 2024 Amendment Bill, signifies significant progress in the Nigerian Electricity Supply Industry (NESI).
9 Feb 2024
The Nigerian Electricity Regulatory Commission (NERC) has confirmed that it has sanctioned eleven Distribution Companies' (DisCos) due to their non-compliance with capping of estimated bills for unmetered customers.
Latest
6 mins ago
The Osun state government has set a target of N109.8 billion as Internally Generated Revenue (IGR) to finance its N427 billion budget for 2025. The Commissioner for Economic Planning, Budget and Development, Prof. Moruf Adeleke, disclosed this during the analysis of the state’s 2025 budget, on Thursday in Osogbo. Adeleke said while the state hoped…
10 mins ago
President Bola Tinubu has extended his condolence to the Lagos State Government and the All Progressives Congress (APC) over the death of Chief Akinsanya Sunny Ajose, former head of service. Chief Ajose died early on Thursday, Jan. 16, at 78, Mr Bayo Onanuga, the President’s spokesman, said in a statement The President, who commiserated particularly…
15 mins ago
The head of social media giant TikTok will attend Donald Trump's inauguration on Monday, US media reported, as the president-elect
16 mins ago
Federal Government has unveiled the Global Environment Facility-Capacity Building Initiative for Transparency (GEF-CBIT) project to promote transparency and accountability in reporting climate action. Mr Mahmud Kambari, Permanent Secretary of the Ministry of Environment, disclosed this on Thursday in Abuja at the Inception workshop for sensitisation of key government stakeholders on (GEF-CBIT) project in Nigeria. Kambari,…
19 mins ago
The Secretary-General of the African Continental Free Trade (AfCFTA), Wamkele Mene, has said that for Africa to achieve a multi-million dollar digital economy by 2035, it must implement the "protocol on digital trade". Speaking at a round table in Abuja, Mene said, "In this regard, we have agreed to work together to mobilise investment in…
23 mins ago
Two Lagos-based lawyers on Thursday lauded the judgment of a Lagos High Court which discharged Eze Ndigbo of Ajao Estate, Frederick Nwajagu, of terrorism charges. The court had on Wednesday ruled that the Lagos State Government failed to prove any of the ingredients of the charges against Nwajagu. The judge, Justice Yetunde Adesanya, however, convicted…
26 mins ago
The Federal Road Safety Corps (FRSC) has surpassed the total sum of N2.9 billion originally projected for last year's revenue target by generating N5.9 billion, making it a 100 percent increase above the projection. The development was disclosed by the House of Representatives Committee on FRSC when the Corps Marshal, Shehu Mohammed, appeared before them…
27 mins ago
Dr Asue Ighodalo, candidate of the Peoples Democratic Party (PDP), in the last Sept. 21, Edo governorship election, has reaffirmed his confidence in the nation’s judiciary. Ighodalo stated this in Benin on Thursday, outside the court house, while speaking to News men, amid rising tension in the Edo election tribunal. He said that the…
30 mins ago
The UK government on Thursday announced a "rapid" national review of the extent of sexual exploitation of children by grooming