The Nigerian Electricity Regulatory Commission (NERC) has issued a stern warning to electricity Distribution Companies (DisCos) over the reported directive asking customers to pay for the replacement of faulty and obsolete meters. In a statement via its official X handle yesterday, NERC emphasised that such instruction “contravenes the Commission’s Order No. NERC/246/2021, Structured Replacement of…
Issues that led to the blockage of Shell’s bid to sell off its asset for up to $2.4 billion to Renaissance consortium, comprising five companies by upstream oil regulator, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) would soon be resolved, according to Presidency source. The two companies could then sit and continue negotiation. NUPRC found some…
The Federal Competition and Consumer Protection Commission (FCCPC) has assured Nigerian consumers that their rights will be safeguarded during the upcoming phase-out of Unistar prepaid meters by Ikeja Electric Plc and other electricity distribution companies (DisCos). The transition, scheduled to take effect on November 14, 2024, has raised concerns about replacement costs and the potential…
Minister of Power, Chief Adebayo Adelabu has summoned the leadership of the Nigeria Electricity Regulatory Commission (NERC) and the Transmission company of Nigeria (TCN) to an emergency meeting over persistent collapse of the national grid. Aelabu expressed displeasure at the incident, which he said, was capable of rubbishing the giant strides made in the last…
Pay Tv service provider, StarTimes yesterday said its foray into the solar power sector was to complement Federal Government’s efforts at closing the yawning gap in power supply to homes and businesses across the country. The Chinese technology company, through its subsidiary, StarTimes Solar, said by taking power demand off the national grid and switching…
Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, recorded three-digit growths across key performance indicators in the third quarter, with profit before tax rising by 198 per cent to N81.1 billion. Key extracts of the interim report and accounts for the nine months ended September 30, 2024 released at the Nigerian Exchange…
Finding a reliable power solution can feel like searching for a needle in a haystack. As Nigeria grapples with its myriad of challenges, one of the important issues that remained intractable is uninterrupted power supply. For many Nigerians, it’s a tale as old as time – the flickering lights, the endless queues for fuel, and…
