Tag: Tariff
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BREAKING: FG again hikes electricity tariff by 50%
The Nigerian Electricity Regulatory Commission (NERC) has approved an over 50% hike in electricity tariff effective January 1, 2021. This is contained in a revised Multi Year Tariff Order (MYTO) signed by the new Chairman of NERC, Engr. Sanusi Garba, on December 30, 2020. The new tariff hike regime is to be paid by customers…
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AEDC effects revised service tariff Nov. 1
The Abuja Electricity Distribution (AEDC) says it has effected the revised Service Tariff with effect from Nov. 1. AEDC General Manager, Corporate Communication, Mr Oyebode Fadipe said in a statement in Abuja on Sunday. “This is to inform our customers that with effect from Nov.1, AEDC has effected a revised Service Reflective Tariff as approved…
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NERC suspends electricity tariff hike for 2 weeks
The Nigerian Electricity Regulatory Commission(NERC) has ordered the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 tariff increase for 14 days. The commission’s suspension order of the Multi Year Tariff Order (MYTO) 2020 signed by Prof James Momoh, NERC’s Chairman was released on its web site on Wednesday. NERC suspension followed a joint…
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NERC picks new date to implement increased electricity tariffs
The Nigeria Electricity Regulatory Commission (NERC) has insisted on starting the implementation of the new electricity tariff increases on April 1. The NERC dropped the hint that the Power Sector Review Programme (PSRP) has proposed the elimination of tariff support in the electricity market by the end of 2021, except for the less-privileged customers who…
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BREAKING: Reps panel orders NERC to suspend increment in electricity tariff
The House of Representatives Committee on Power has asked the National Electricity Regulatory Commission (NERC) to suspend the recently announced increase in electricity tariff. NERC had directed the electricity distribution companies (DisCos) to enforce an upward review of the tariff starting from April 1. But Committee chairman, Aliyu Magaji, at its meeting, asked NERC to…
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Court halts implementation of new electricity tariffs
A Federal High Court sitting in Lagos has stalled the implementation of new electricity tariffs from April, pending the determination of a motion challenging it. The new tariffs, which go into force from April, were announced by the Nigeria Electricity Regulatory Commission (NERC) last week. NERC handed 11 Electricity Distribution Companies (Discos) the template for…
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NERC orders DisCos to increase tariff from Jan 1
The Nigerian Electricity Regulatory Commission (NERC) has directed the 11 electricity distribution companies (DisCos) to increase their tariff effective from January 1, 2020. The NERC published the new tariffs for the different DisCos and categories of customers on its website via its order dated 31st December, 2019, which its chairman, Prof. James Momoh and Secretary…
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Court insists Multi Choice obeys order halting DSTV, GOTV tariff increase
A Federal High Court in Abuja has insisted that its order halting the implementation of the recent price increases announced by digital satellite television services provider, MultiChoice Communications (DSTV) remains. Justice Nnamdi Dimgba made the clarification on Tuesday upon complaint by lawyer to the Federal Government, Babatunde Irukera that the company has declined to obey…
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MTN, Glo, Airtel to increase data, call tariffs
Nigerians may soon begin to pay higher tariffs on calls and data as the telecommunications companies in the country brace up for a new cyber security levy to be implemented by the Central Bank of Nigeria (CBN). This is coming on the heels of a directive from the CBN to all banks on the collection…