Day: May 7, 2024

Nigeria to adjust electricity tariffs monthly in relief to customers

The Nigeria Electricity Regulatory Commission (NERC) has announced a reduction in tariff for Band A electricity customers, following a review which will happen monthly and takes into consideration the movement in exchange rates and other factors. The new electricity tariff review by NERC could push the market closer to cost-reflective tariffs that guarantee commercial returns, analysts say. […]

Petrol scarcity: Why pump price is high in our station — IPMAN

ABUJA — Against the backdrop of continued shortages and queues at petrol stations, pump prices are now settling at higher ranges across independent marketers and some major marketers. Vanguard findings in Lagos and Abuja also show that gaps between prices at major marketers’ filling stations and those of independent marketers are widening with major marketers maintaining […]

NLC, TUC give NERC Sunday deadline to reverse hike in electricity tariff

Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, have given the Nigerian Electricity Regulatory Commission, NERC, till May 12 to withdraw the recent hike in electricity tariff or face unprecedented industrial action. The ultimatum was issued in a joint letter to the Chairman/Chief Executive Officer, CEO, dated May 3, 2024, and […]

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