24hrs News & Updates
The national grid on Monday collapsed to 629MW at about 10:00am, creating a big magnitude of setback for the Nigerian Electricity Supply Industry (NESI). Expert warnings had been reported that the grid may collapse from pressure to meet the demand of band A customers. Band A customers are those who enjoy a minimum of 20…
•12.5kg rises 38% to N14, 150 THE price of Liquefied Petroleum Gas, LPG, also known as cooking gas has risen to N14,150 for 12.5kg cyclinder. This is even as the price of aviation fuel also rose to between N1, 300 and N1, 500 per litre in the domestic market, from about N1, 000 during the…
Read More “Cooking Gas Price Rises, Aggravates Energy Crisis in Households” »
The National Union of Electricity Employees (NUEE) has condemned the recent hike in electricity tariff in the country and has called for it’s reversal to avert a strike. In a statement on Sunday signed by its National President, Adebiyi Adeyeye, the NUEE strongly condemned the recent hike and demanded a reversal of the recent increase…
Read More “Electricity Workers Condemn Tariff Hike, Threaten Strike” »
The independent petrol marketers have proposed a PMS price of N550/liter to the Dangote Refinery in intensified efforts at taking final decisions on pricing and delivery of petrol to filling stations nationwide. According to Vanguard reports, the parties have been meeting and exchanging notes on the pricing, distribution and margins to stakeholders in the value…
Read More “Independent Oil Marketers Propose N550/Litre Petrol Price To Dangote” »
The Nigerian Electricity Regulatory Commission (NERC) has directed all electricity distribution companies (DisCos) to refund customers wrongly billed with the new rate. Abba Terab, NERC deputy general manager in charge of market competition and rates, disclosed this in a statement on Saturday. According to NERC, customers should be refunded through energy tokens no later than…
Read More “NERC Gives DisCos Deadline To Refund Over billed Customers” »
The Nigerian Electricity Regulatory Commission has taken enforcement action against the Abuja Electricity Distribution Plc (“AEDC”) for non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for AEDC (the “Order”). AEDC has been fined ₦200,000,000 (Two Hundred Million Naira) for failure to comply with the prescribed customer band classifications for the…
Read More “NERC Slams AEDC ₦200 Million Fine For New Tariff Order Violation” »
The average ‘Band A’ customer in Nigeria will now need as much as N170,000 for electricity per month, instead of the average of N50,000 that they were paying before now. This follows the approval of a 240 per cent increase in the tariff of ‘Band A’ power customers from N66 per kilowatt hour (KwH) to…
Read More “NEW TARIFF: Band ‘A’ Customers’ Monthly Electricity Expense May Hit N170,000” »
Nigeria was thrown into darkness on Thursday afternoon following the collapse of the electricity grid controlled from Osogbo, Osun State, around 4:32 p.m. A source in one of the distribution companies (DisCo) said the feeders for most DisCos nationwide were out of supply. The development, the source added, has left virtually all franchise areas for…
Read More “Again Power Grid Collapse Plunges Nigeria Into Darkness” »
The National Electricity Regulatory Commission, NERC has sanctioned 11 Power distribution companies for Overbilling about 7.1 million unmetered electricity consumers between January and September 2023. This information was revealed in a press release by NERC published on its verified ‘x’ handle on Friday. In the various Regulatory Interventions for Non-Compliance with the Order on Capping…
Read More “NERC Sanctions 11 Discos For Overbilling 7.1million Customers In Nine Months” »
Oyo State governor, Seyi Makinde, on Friday, signed into law the Oyo State Electricity Regulatory Commission Bill 2024. The governor, who performed the signing ceremony at the Conference Room of the Governor’s Office, Secretariat, Agodi, Ibadan, said the signing was to give the state opportunity to develop its own roadmap to sustainable electricity. The governor…
Read More “Oyo State To Generate, Transmit, Distribute Electricity” »