The electricity subsidy paid by the Federal Government surged to N181.63 billion in September, up from N102.30 billion in May, indicating a potential tariff increase for customers on Band A feeders. In April, the Nigerian Electricity Regulatory Commission (NERC) announced the removal of subsidies for customers on Band A feeders, raising their tariff to N225 … Read more
NERC has not reverted to the old electricity tariff as directed by the House of Representatives due to a lack of official communication regarding the directive. EKO HOT BLOG reports that the Nigerian Electricity Regulatory Commission (NERC) has explained why it has not reverted to the old electricity tariff as directed by the House of Representatives. … Read more
NLC and TUC Issue One-Week Ultimatum to FG Demand Reversal of Recent Electricity Tariff Hike Cite Inconsistent Power Supply, Impact on Economic Progress Eko Hot Blog reports that in a joint address on Wednesday in Abuja to commemorate the 2024 Workers’ Day, the presidents of the Nigerian Labour Congress (NLC) and the Trade Union Congress … Read more
Eko Hot Blog reports that Electricity distribution companies in the country have denied reports about plans to increase electricity tariffs beginning from January 1 2024. The denial follows some earlier reports which claimed the distribution companies (DISCOs) had concluded plans to hike electricity tariffs beginning from the first day of 2024. However, officials of some … Read more
Eko Hot Blog reports that Nigeria’s Electricity Distribution Companies (DisCos) are reportedly planning to hike electricity tariffs nationwide with effect from January 1, 2024. According to report, a virtual emergency meeting was held recently to formalise and perfect the planned tariff increase. A source in one of the DisCos, who claimed anonymity, confirmed the development … Read more
Tribunal fixes date for judgment in suit against MultiChoice …in the latest originating summons is suing the firm, the operators of DStv and Gotv, for N10 million damages. EDITOR’S PICK 2023: Tinubu’s Ally Reveals What Will Determine Winner Of Presidential Election APC 2023: Bola Tinubu Shortlists El-Rufai, Oshiomhole For Campaign DG –Reports Don’t Be Distracted … Read more
FG Slams New Tax On Telephone Calls. This is coming following the recent moves by telecommunication companies to increase the price of their services as a result of an unfavourable operating climate. EDITOR’S PICK 2023 Presidency: Tinubu Opens Up On Health Status 2023: PDP Reveals Delegates Eligible For Primaries CAN Sends Message To IPOB Over … Read more