Following renewed efforts by industry stakeholders, Mr. Sanusi Garba, Chairman of the Nigerian Electricity Regulatory Commission (NERC), believes Nigerians will see improved power supply starting July 1.Garba provided the guarantee during a press conference following the Second Nigerian Electricity Supply Industry (NESI) meeting in Lagos on Wednesday.The conference was attended by top officials from NERC, the Transmission Company of Nigeria (TCN), generation compani...

The Central Bank of Nigeria has announced that Forex will only be supplied to banks as all sales to Bureau De Change operators (BDCs) have been discontinued.This was made known today by the CBN Governor, Godwin Emefiele during a Monetary Policy Committee (MPC) meeting on Tuesday, July 27th.Emefiele disclosed that the apex bank had to make this move because of the suspicious activities of BDC operators and their utter disregard for CBN exchange rate policies.He expre...

The Nigerian Electricity Regulatory Commission on Friday insisted that electricity Distribution Companies must not increase tariffs of customers enjoying less than 12 hours of power supply daily.Mr Dafe Akpeneye, NERC Commissioner, Legal Licensing and Compliance, made the clarification during the regulatory agency’s online town hall meeting with customers on the new electricity tariff regime.The DisCos had on September 1 announced the implementation of new Service R...