Stay updated with breaking news from Vendor Financed. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Nigerian Electricity Regulatory Commission (NERC) has stated that the number of accidents in the fourth quarter 2023 increased to 54 from 41 recorded in the previous quarter, an increase of 31.71 per cent with the number of deaths being 36 from 34 in the previous quarter. NERC in its…
Operators in the sector have repeatedly blamed the liquidity crisis in the sector for the low deployment of meters and other challenges in the industry
The Nigerian Electricity Regulatory Commission (NERC) recently released its annual report and accounts for 2022, which documents records relating to its activities, funds and property.
One of the major crises rocking the electricity sub-sector may remain for long due to inadequate metering of customers. Indeed, despite the two per cent change in the metering rate, the metering gaps have remained, resulting in about seven million unmetered customers.
The Nigerian Electricity Regulation Commission (NERC) has said the federal government paid the sum of N36bn to subsidise electricity consumption in the first quarter of 2023. In its quarterly report, NERC said the money amounted to the payment of N12bn monthly which was paid to the Nigerian Bulk Electricity Trading (NBET). With the NBET charged…