LAGOS JUNE 18TH (NEWSRNAGERS)-Electricity Distribution Companies in Nigeria have announced a rise in the price for various electricity meter models, marking the second price hike in four months. According to the DisCos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800. This amount indicates an increase of 28.03…
LAGOS FEBRUARY 16TH (NEWSRANGERS)-Barely four and half months after the official launch and roll-out of the Federal Government’s National Mass Metering Programme (NMMP), the programme has been dogged by allegations of fraud and corruption against electricity distribution companies (Discos) saddled with the task of installing the meters. It would be recalled that the Federal Government…
LAGOS AUGUST 26TH (NEWSRANGERS)-President Muhammadu Buhari, on Tuesday, approved the implementation of the proposed cost-reflective electricity tariff for the Nigerian Electricity Supply Industry (NESI). However, residential areas classified as “poor” will not be affected by the increase in tariff, TheCable understands. Also, Buhari has approved a one-year waiver of 35 per cent import tax for…
LAGOS JANUARY 27TH (NEWSRANGERS)-The Electricity Power Reform Act (Amendment) Bill 2018 passed by the House of Representatives last Tuesday prohibiting and criminalising estimated billing has proposed a one-year jail term and a fine of N1m for defaulters. The proposed law, which will be transmitted to the Senate for concurrence, and onward transmission to the President…