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Nigeria Gets US$500mn from World Bank to Bridge 43% Energy Deficit

The World Bank has approved $500m to help boost access to electricity in Nigeria and improve the performance of the electricity distribution companies in the country. In a statement issued on Friday titled, ‘Nigeria to Improve Electricity Access and Services to Citizens,’ the World Bank said financial support would be …

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NERC Stops Electricity Tariff Hike for 2 Weeks

The Nigerian Electricity Regulatory Commission (NERC) has directed the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 tariff increase for 14 days. The commission’s suspension directive of the Multi Year Tariff  Order (MYTO) 2020 signed by Prof James Momoh, NERC’s Chairman, was released on its web site on …

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