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Tag: electricity tariff

Nigerian Supreme Court Judges Lament Poor Working Conditions, Write Protest Letter To Chief Justice, Tanko Muhammad

Justice Ibrahim Tanko Mohammed
Justices of the Supreme Court of Nigeria have protested to the Chief Justice of Nigeria (CJN), Justice Ibrahim Tanko Muhammad, over poor welfare packages which they claimed have hindered theirRead More

Rising Oil Price Puts More Pressure On NNPC’s Finances

Crude oil
Labour canvasses alternative petrol pricing method Seeks three-year gas price moratorium Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demandRead More

NERC Approves Five-year Performance Improvement Plan For Discos

Nigerian Electricity Regulatory Commission (NERC)
The Nigerian Electricity Regulatory Commission (NERC) has approved a five-year Performance Improvement Plan (PIP) and Capital Expenditure (Capex) benchmark for Distribution Companies (Discos), expected to run from July 1, 2021,Read More

No Provision Yet For COVID-19 Vaccines In 2021 Budget, Says Finance Minister

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed
Finance Act exempts N30,000 minimum wage earners from income tax New law extends Procurement Act to N’Assembly, judiciary Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has saidRead More

Analysts Project Nigerian Banks To Emerge Highest AfCTA Beneficiaries

African Continental Free Trade Area (AfCFTA)
High electricity tariff will deny Nigeria benefits, say manufacturers With the commencement of the African Continental Free Trade Area (AfCFTA) agreement on January 1, 2021, analysts and stakeholders have expressedRead More

FG Bows To Pressure, Directs Reversal Of New Electricity Rates

Minister of Power Mr. Saleh Mamman
Suspension of tariffs to persist till end of negotiations with labour Power sector hits another transmission peak milestone The Federal Government yesterday directed the immediate rollback of the new tariffRead More

To Pacify Labour, FG Summons Meeting Over Electricity Tariff Hike

Chris Ngige: the Federal Government vs the Nigeria Labour Congress
Gencos seek scrapping of NERC Onyebuchi Ezigbo and Emmanuel Addeh in Abuja The Federal Government has summoned a meeting of the Committee on Review of Tariffs and Charges in theRead More

Labour, PDP, OPS, Others Kick as FG Reviews Electricity Tariffs

Nigeria Labour Congress
Tariff increases to continue till Discos cover costs, says NERC Analysts, the Organised Private Sector (OPS), labour and the Peoples Democratic Party (PDP) yesterday decried a review, by the FederalRead More

FG Dismisses ASUU’s Claim Over Timelines For Agreement

Minister of Labour and Employment, Senator Chris Ngige
Says union breached understanding to call off strike by December 9 The Federal Government has faulted the claim by the President of the Academic Staff Union of Universities (ASUU), Prof.Read More

FG Bows To Labour, Reduces Petrol Price By N5

Chris Ngige: the Federal Government vs the Nigeria Labour Congress
Pump price now N162.44 The Federal Government has caved in to demand by the organised labour by slashing the pump price of premium motor spirit by N5. By this reduction,Read More