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NERC: Why we approved downward review of electricity tariff for Band A customers

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Nigerian Electricity Regulatory Commission NERC
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The Nigerian Electricity Regulatory Commission (NERC) has announced a reduction in electricity tariffs for Band A customers due to improved exchange rates.

In a statement issued on Monday, NERC explained that it considered changes in macroeconomic parameters over April 2024.

According to the statement: “Pursuant to the tariff methodology adopted by the Nigerian Electricity Regulatory Commission, a revised tariff order covering the month of May 2024 has been issued to the eleven (11) electricity distribution companies.

“The Commission has considered changes in the macroeconomic parameters over the preceding month of April 2024 and especially the appreciation of exchange rates – consequently the Commission has approved a downward review of end-user tariffs for Band ‘A’ customers from NGN225/kWh to NGN206.8/kWh.

“The Commission reaffirms its commitment to providing a balanced and effective regulatory regime serving the needs of the Nigerian Electricity Supply Industry.”

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JAMB Issue Advisory For 2027 UTME Candidates

The board said the checklist was intended to help candidates stay organised, prepare effectively and avoid common mistakes during the registration and admission process.

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The Joint Admissions and Matriculation Board(JAMB) on Monday released six important steps prospective candidates should know ahead of the 2027 Unified Tertiary Matriculation Examination.

In a video shared on its official platforms on Monday, the board advised candidates to ensure their personal information with the NIMC was correct, obtain a registered phone number and maintain an active email address before beginning their UTME registration.

JAMB also urged prospective candidates to decide on their preferred courses and institutions and ensure they selected the appropriate subject combinations.

The board said the checklist was intended to help candidates stay organised, prepare effectively and avoid common mistakes during the registration and admission process

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NNPCL Faults NISO’s Claim of No Gas To Power Generating Plants

It, however, maintained that gas production had increased by about 10 per cent in 2026 so far, as the company pursued the Federal Government’s gas development and monetisation agenda.

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The Nigerian National Petroleum Company Limited has dismissed claims by the Nigerian Independent System Operator (NISO) blaming the nationwide power supply outages on partly to limited gas availability and reduced water inflows to hydroelectric power stations.

In a statement issued on Saturday in Abuja by its Chief Corporate Communications Officer, Andy Odeh, NNPC said that its pipelines remain available to deliver gas to power plants across the country.

The national oil company said its operational records did not indicate any transportation-related constraints within the network operated by its subsidiary, NNPC Gas Infrastructure Company Limited, that could explain the current drop in power generation.

It, however, maintained that gas production had increased by about 10 per cent in 2026 so far, as the company pursued the Federal Government’s gas development and monetisation agenda.

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NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.

The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.

During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.

Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.

“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.

He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.

Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.

“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.

Watch video below:

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