The monthly spending of the Federal Government on electricity subsidy obligation has reached N1.91tn in the first 11 months of 2024, a new report by the Nigerian Electricity Regulatory Commission has ...

The federal government now needs no less than N2.9 trillion to subsidise electricity consumption in 2024.This is a sharp increase over the earlier projection of N1.6 trillion. The minister of power, ...

The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained ...

The Nigerian Electricity Regulatory Commission, on Wednesday, released the 2024 electricity tariffs which showed that the Federal Government is to shoulder about N1.6tn subsidy this year to avert ...

Minister of Power, Adebayo Adelabu has claimed that the electricity tariffs that were recently increased, will reduce if the exchange rate falls below N1,000 to a dollar. Adelabu made this comment ...

A 29-year-old employee of Ikeja Electricity Distribution Company (IKEDC), Gbemisola Olaleye, who allegedly stole his employer’s N1.4 million and also forged some documents, was on Tuesday released on ...