Dr. Dele Alake, Minister of Solid Minerals Development has stated that Nigeria is Africa’s prime mining investment hub. The Minister in a virtual address to the Nigeria-Australia Investment Roundtable on Thursday reiterated the underlying policies and incentives fostering an environment conducive to business operations in the mining sector. Alake emphasized the government’s commitment to combating illegal mining and enhancing security around mining areas, citing the establishment of the elite para-military force known as “Mining Marshals.”...

For violating the New Tariff Order, the Nigeria Electricity Regulatory Commission (NERC) has fined the Abuja Electricity Distribution Company (AEDC) N200 Million. According to a Statement by the Commission, the electricity regulatory body has also directed an immediate refund to Customers who have been overcharged The commission stated it has taken enforcement action against AEDC for non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order. “AEDC is to pay the sum of N200...

The Nigerian Electricity Regulatory Commission, NERC, has announced that a single-phase prepaid meter would now cost N81,975.16 while the price of a three-phase prepaid meter has also been increased to N143,836.10. NERC announced the new development in a memo jointly signed by its chairman, Sanusi Garba and its commissioner for legal, licensing and compliance, Dafe Akpeneye, dated September 5. Before now, a single-phase prepaid meter costs N58,661.69 and a three-phase prepaid meter costs N109,684.36. On...

Electricity consumers have been directed to reject any meter supplied by distribution companies without NEMSA seal and labels. Aliyu Tukur Tahir, Managing Director of Nigerian Electricity Management Services Agency (NEMSA), who gave the directive at a news conference in Abuja, said identifying the NEMSA seal and label was to ensure the meters being installed were genuine and certified. “More testing centres had been established for certification and standardization of meters for home and industrial purposes.”...