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……..by Victor Egbo……… The Nigerian Electricity Regulatory Commission (NERC) has called on electricity consumers across the country to actively exercise their rights and fulfill their obligations to ensure a reliable electricity supply from service providers. This appeal was made by NERC’s Commissioner for Consumer Affairs, Aisha Mahmud, during a customer complaints resolution meeting held in Lokoja, Kogi State. The event, ...

………..by Ben Ndubuwa………. The Nigerian Bulk Electricity Trading Plc (NBET) has formally requested a renewal of its operating license with the Nigerian Electricity Regulatory Commission (NERC). This move is aimed at allowing NBET to continue its role as the primary bulk trader of electricity in Nigeria. The request for renewal comes after NERC’s directive in July 2023, which prohibited NBET ...

……by Ben Ndubuwa…….. In a significant regulatory action, the Nigerian Electricity Regulatory Commission (NERC) has slapped a hefty fine of N1.69 billion on the Abuja Electricity Distribution Company (AEDC) for overbilling its customers. This decision, formalized in Order NERC/2024/114, was announced as part of NERC’s September 2024 Supplementary Order. The fine, equivalent to 10 percent of the overbilled amount, was ...

……by Ben Ndubuwa….. n a bid to improve service delivery and consumer rights awareness in the Nigerian electricity sector, the Nigerian Electricity Regulatory Commission (NERC) has awarded winners of its annual energy essay competition. This initiative aims to engage students in developing innovative solutions for the electricity sector and fostering a better understanding of consumer rights and protection. The competition, ...

…..A new report says that African countries should work together to build value chains for transitional minerals rather than go it alone……. Africa could gain $24bn in revenues and 2.3 million jobs if it introduces manufacturing and trade policies to extract more value from its transition minerals, according to a civil society network. Transition minerals are resources used to make ...

Crude oil exports contributed N14.56 trillion to the country’s total exports in the second quarter of the year, making up 74.98 per cent of the total export value, according to the Nigeria Bureau of Statistics. The NBS, in a report titled ‘Foreign Trade in Goods Statistics (Q2 2024)’ released on Wednesday, stated that the country’s total merchandise trade for the ...

……….by Ben Ndubuwa…,…. In a move to re-emphasis the need for the federal government to walk the talk and be realistic in the approach to policy implementation and desist from flying slogans that can be embarassing to the country, Prof Yinka Omorogbe, an international Professor of energy law and the President of the Nigerian Association of Energy Economists said that ...

…As Minister Meets Investors in Lagos…… Following months of comprehensive planning, the Federal Government has unveiled details of its bold and strategic plans to generate at least $100 billion and create over two million jobs from Nigeria’s creative economy yearly.The Government’s plan was unveiled Wednesday September 11, 2024 by the Honourable Minister of Art, Culture and the Creative Economy, Hannatu ...

Proceeds of the bond issue will be invested in critical sectors of the Nigerian economy approved by the President on the recommendation of the Minister of Finance Africa Finance Corporation (AFC) the continent’s leading infrastructure solutions provider, today announced the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria (FGN), raising US$900 million and marking a ...

Nigeria’s crude oil production increased marginally from 1.307 million barrels per day in July to 1.352mbpd in August. According to the Organisation of the Petroleum Exporting Countries (OPEC) in its September Monthly Oil Market Report, the average daily crude production rose marginally by 45,000 barrels per day. Quoting information obtained through direct communication with the Nigerian government, OPEC’s report indicated ...