The Niger Delta Power Holding Company Limited (NDPHC) has said it had executed over 374 projects in the distribution subsector of the Nigerian electricity supply industry to boost power supply nationwide. It also stated that the projects, worth over $1.2billion,…
The Plateau Government on Tuesday signed a Memorandum of Understanding (MoU) with a private company, Shemankar Valley Ltd. for hydropower supply in the state. Speaking shortly after signing the document, Gov. Caleb Mutfwang of Plateau described the partnership as part…
The Niger Delta Power Holding Company Limited (NDPHC) has executed over 374 projects in the distribution subsector of the Nigerian Electricity Supply Industry (NESI) to improve power supply across the country, a statement by the NDPHC Managing Director/CEO, Mr. Chiedu…
Electronic transfer levies have generated N80.86billlion for the three tiers of government in the first six months of 2023. This is according to data obtained from the Federation Account Allocation Committee communique for January to June 2023. It also followed…
The Nigerian Electricity Regulatory Commission, (NERC) is set to review all capital expenditure by the Transmission Company (TCN) in excess of N5 billion or a revision of existing contract sum in excess of 15 percent shall be reviewed by it.…
Based on figures obtained from the Central Bank of Nigeria’s (CBN) data on the movement of external reserves, the country’s external reserves fell by US$2.96bn in H1 2023. The figures show that external reserves fell to US$34.12bn as of 30…
Electricity distribution companies (DisCos) in Nigeria’s commercial capital, Lagos are expected to upgrade customer meters to the new Standard Transfer Specification (STS), The scheme aims to upgrade meters to start in August and should be completed before November 24. The…
The Enugu Electricity Distribution Company (EEDC) has notified its customers that by Nov. 24, 2024, all prepaid meters in its network will cease to accept credit tokens unless they are upgraded. This is contained in a statement in Enugu on…
Electricity distribution companies (DisCos) in Lagos say the proposed Standard Transfer Specification (STS), a metering code, to be introduced soon, is not targeted toward increasing electricity tarrif. A top official in one of the DisCos in Lagos, who preferred anonymity,…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued four new regulations that would amongst other things guide the operations of the midstream and downstream environmental remediation fund. NMDPRA in a statement signed by its General Manager, Corporate…
