Nigerian Electricity Distribution Companies (DisCos) generated N431.16 billion in revenues from customers during Q2 2024, reflecting a collection efficiency of 79.31%. This information is detailed in the quarterly report of the Nigerian Electricity Regulatory Commission (NERC) for the second quarter of 2024. The revenue was based on a total billing of N543.64 billion, marking a […]Read More
The Niger Delta Power Holding Company (NDPHC) has revealed that the Egbema Power Station, with a capacity of around 375 megawatts (MW) in Imo State, is set to be completed by 2025. The managing director of NDPHC, Jenifer Adighije, made this announcement during an inspection of the facility in Ohaji-Egbema Local Government Area, Imo State. […]Read More
The Minister of Power, Adebayo Adelabu, has announced that over 40% of Nigerians now enjoy more than 20 hours of electricity daily. He made this statement on Sunday while reviewing the activities of the Ministry of Power over the past year. Adelabu highlighted that these achievements form part of the government’s broader initiative to provide […]Read More
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government, through the Nigerian National Petroleum Company (NNPC) Limited, to increase its stake in the Dangote Refinery to 45% in order to enhance the nation’s energy security. Festus Osifo, the President of PENGASSAN, made this statement on Tuesday during the […]Read More
Nigeria and some other African countries are set to be beneficiaries of $90 billion in electricity funds backed by the World Bank and the African Development Bank. The fund is part of the global financial institution’s plan to provide electricity to the 300 million African population by 2023, a Bloomberg report revealed. On Friday, leading […]Read More
The Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Kogi State from the Commission to the Kogi State Electricity Regulatory Commission (KSERC). A statement by the regulator on Wednesday said the move complies with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the […]Read More
The Nigerian Electricity Regulatory Commission has imposed a fine of ₦1.69 billion on Abuja Electricity Distribution Company (AEDC) for overbilling customers. According to NERC, the fine is based on AEDC’s non-compliance with the commission’s previous order on capping estimated billing for electricity consumers. The penalty was contained in documented ‘Order NERC/2024/114’ issued by the commission. […]Read More
Mainstream Energy Solutions Limited, the operators of the Kainji, Jebba, and Zungeru hydropower plants, has repaired the Sabon Pegi Bridge within 24 hours after its collapse due to heavy rainfall on Friday. In an official statement signed by Olugbenga Adebola, Head of Corporate Communications at the company, the flash floods caused the collapse of the […]Read More
Jos Electricity Distribution Plc (JED) has refunded N13 billion ($16.8 million) to postpaid customers who were erroneously overbilled between January and September 2023, following a directive from the Nigerian Electricity Regulatory Commission (NERC), the company said on Tuesday. The refund affected 52,000 customers across Benue, Bauchi, Gombe, and Plateau States, according to a statement by […]Read More
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