Index to Nigerian Newspapers

The Federal Government and Siemens Energy have identified over 200 power transmission and distribution projects for execution. The Minister of Finance has appointed transaction advisors and Africa Finance Corporation has been appointed to create jobs, reduce the cost of doing business and enhance economic activities in Nigeria. The scope of work has been approved by the Regulator, and the President has appointed African Finance Corporation to create jobs, reduce the cost of doing business and enhance economic activities.

The Nigerian Electricity Regulatory Commission (NERC) has approved a 40% increase in electricity meter prices, following a similar review in November 2021. The single-phase prepaid meter now costs N81,975.16k, up from N58,661.69k, while the three-phase prepaid meter costs N143,836.10k. The price adjustment aims to create an equitable pricing system for Meter Asset Providers (MAPs) and end-user customers. The meter manufacturers have urged the government to increase intervention in the sector to enhance production. The meter manufacturers also commended the Central Bank of Nigeria (CBN) and NERC for funding and effectively regulating the mass metering programme. The NMMP Phase 1 has been put on hold by the CBN, threatening the survival of local meter manufacturers and potentially causing job loss.