NERC
The Federal Government’s electricity subsidy obligation has reached N536.4 billion in Quarter 1 of 2025, a 64.7 billion naira increase from Quarter 4 of 2024. This amount covers 59.16% of power generation companies’ invoices, exacerbating the government’s struggle to clear over N4 trillion in debts owed to GenCos. The Nigerian Electricity Regulatory Commission (NERC) has […]
The Nigerian Electricity Regulatory Commission, NERC, has given the go-ahead to raise the electricity rates for customers in the Band A category. During a press briefing in Abuja on Wednesday, the Vice Chairman of NERC, Musliu Oseni, announced that there will be a rise in electricity tariffs. This adjustment will result in customers paying N225 […]
The Nigerian Electricity Regulatory Commission (NERC) has injected excitement into the country’s power sector with the issuance of 13 new licenses in the third quarter of 2023. This wave of approvals represents a commitment to diversifying energy sources and boosting overall capacity by 40.9 megawatts. Five of the new licenses focus on off-grid generation, bringing […]
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