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Nigerian Senate Begins Probe Into Hike in Electricity Tariff
The Nigerian Senate has begun investigating the hike in electricity rates in eleven states.During Monday's meeting at the Senate-wing National Assembly, the Red Chamber threatened to punish any person...
Electricity Prices Climbs Following FG Plans to Increase Gas Price
On Monday, the Federal Government reported that the price of natural gas for power-generating firms has increased to $2.42 per metric million British thermal units (mmbtu), a significant shift from th...
NERC Reveals on Sunday That the Federal Government Spent N375 Billion on Subsidizing Electricity For Nine Months
On Sunday, it was disclosed by the NERC that the Federal Government had spent a total of N375.8 billion on electricity subsidy between January and September this year. It also reveals that electricity...
Minister of Power Adebayo Adelabu Unveils Tinubu’s Decision to Stop Electricity Tariff Hike
President Bola Tinubu has put a stop to the implementation of the increase in electricity tariffs and has insisted that subsidy will be paid on power nationwide, The Minister of Power, Adebayo Adelabu...
NERC Reports Show That Electricity Subsidy Climbs by 275% In Q2 2023
The latest report released by the Nigerian Electricity Regulatory Commission (NERC) shows that the Federal Government of Nigeria paid ₦135.23bn for electricity subsidy in Q2 2023, and this showed th...