About three million electricity customers in Nigeria risk falling into estimated billing or experiencing power outages for failing to upgrade their prepaid meters, following the expiration of a government policy deadline on November 24, 2024. Reports indicate that nearly half of the 5.9 million metered consumers are affected. EDITOR’S PICKS Japa: Russia Opens Doors to … Read more
FG states that 85% of Nigerians are still enjoying electricity subsidy. Minister of Information highlights disproportionate subsidy distribution. New Electricity Act strengthens governance structure of NERC, enables severe sanctions on distribution companies. EKO HOT BLOG reports that despite the recent tariff hike announced by the Nigerian Electricity Regulatory Commission (NERC) for Band A customers, the Federal … Read more
The National Bureau of Statistics, NBS, reported a 3.46% rise in electricity consumers in Q4 2023. Revenue collection by electricity distribution companies surged by 26.96% year-over-year to N294.95 billion in Q4 2023. Electricity supply increased by 14.64% compared to Q4 2022, reaching 6,432 GWh. Eko Hot Blog reports that The National Bureau of Statistics (NBS) … Read more