...news, reports, issues... about Lagos
The average ‘Band A’ customer in Nigeria will now need as much as N170,000 for electricity per month, instead of the average of N50,000 that they were paying before now. This follows the approval of a 240 per cent increase in the tariff of ‘Band A’ power customers from N66 per kilowatt hour (KwH) to […]
In a move sparking immediate backlash, the Nigerian government, through the Nigerian Electricity Regulatory Commission (NERC), announced a significant increase in electricity tariffs for Band A customers. This category, representing roughly 15% of the nation’s power users and promised up to 20 hours of daily supply, will now pay N225 per kilowatt-hour (kWh), a staggering 240% jump from […]
The Nigerian Electricity Regulatory Commission (NERC) has said that with the newly approved tariffs, subsidies for 2024 are expected to reduce by about N1.14 trillion. According to a statement issued by the management of the Commission on Wednesday, the tariff review was in furtherance of the Federal government’s realignment of the subsidy regime. The Commission, in January […]
The federal government is planning to almost triple energy prices within weeks, people in the presidency with knowledge of the matter have said, in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs. Separate reports by Bloomberg and Reuters said power companies will be allowed to raise prices to […]
Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms over a similar period in 2022. This […]
The Minister of Works, Sen. Dave Umahi, on Thursday revealed plans to formally open the Third Mainland Bridge that was closed for comprehensive repairs on January 9 to the public. Speaking in Lagos on Thursday, Umahi said the comprehensive rehabilitation on the bridge has been completed before the bridge will be opened to the public. […]
The managing director of the Eko Electricity Distribution Company (EKEDC), Tinuade Sanda, has been relieved of her appointment with immediate effect. This is according to a letter signed by the chairman of the DisCo, Dere Otubu. In the letter dated March 21, 2024, titled Implementation of NERC directive on seconded staff, addressed to Sanda, it […]
The inability of most tenants to pay rent, as a result of the current economic hardship, has caused strained relationships between landlords and tenants. There are escalating court cases over issues of rent defaults, LEADERSHIP can authoritatively. Residential tenants are significantly impaired by rent defaults which piled up as a result of setbacks to their […]
The Nigerian Electricity Regulatory Commission (NERC), on Friday, warned consumers against self-procurement of transformers without a formal agreement with distribution companies (DisCos). Aisha Mahmud, NERC’s commissioner and customer affairs, spoke at the commission’s three-day meeting with the customers of Eko Electricity Distribution Company (EKEDC) in Lagos. Mahmud said it is not the responsibility of customers […]
The Lagos State Government has announced plans to go after electricity distribution companies that engage in indiscriminate digging of the ground for their installations without seeking relevant approvals from required agencies. The Chief Executive Officer, Lagos State Infrastructure Maintenance and Regulatory Agency, Oyekanmi Elegushi, disclosed this during a chat with the pressmen at his office […]
