Power Holding Company Of Nigeria - PHCN
Subsidy: Ikeja Electric, Eko DisCo, others receive N36 billion from FG in 3 months
Electricity companies in Nigeria received about N36 billion as subsidy from the Nigerian government to cover the shortfalls in revenue and tariffs at the period
Nigerians enjoy more power supply as electricity generation increases to 3,970MW amid fuel subsidy removal
Statistics compiled from the National Energy System Operator has shown that electricity production in Nigeria increased to 3,970.33 megawatts (MW) year-on-year
"N1,000 per day": NERC orders Ikeja Electric, EKDC, other DisCos to compensate consumers for poor service
The Nigerian Electricity Regulatory Commission has ordered electricity distribution firms to compensate consumers if the fail to supply 90% electricity monthly
DisCos consider dropping proposed electricity tariff hike to 25% amid NERC approval delay
DisCos in Nigeria may eventually settle for a 25% hike in electricity tariff if the NERC and other stakeholders refuse to agree to a 40% proposed increase.
After gaining N71 billion in 7 days, Otedola’s company Geregu disburses N8.8bn for gas turbine overhaul
Geregu Power Plc, belonging to Femi Otedola said it has paid about N8.8 billion to an Italian firm, Ansaldo Energia for the maintainnace of its gas turbines.
NERC considers tariff hike as Nigeria's electricity subsidy gulps N2.8tn in 8 years
The Nigerian Electricity Regulatory Commission has revealed that government spending on electricity subsidy has risen to N2.8 trillion between 2015 and 2022
Electricity tariff: Nigerians brace for potential hike as 11 Discos seek review
11 power distribution companies in Nigeria have applied for the review of their various electricity tariffs citing macro economic parameters and other factors.
Electricity tariff: DisCos to meet with NERC to demand 40% hike approval next week
Electricity consumers in Nigeria continue to face an ongoing struggle as DisCos persist in seeking FG's consent to increase tariffs, leaving no relief in sight.
"N100 per unit": Nigerians make last-minute bulk electricity purchase ahead of 40% tariff increase
Federal government is planning to stop paying electricity subsidy, and this will result in an increase in how much Nigerians will have to pay to buy 1 unit.
Power Holding Company Of Nigeria - PHCN
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