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Relief for Band A Customers as DisCos Reduce Tariff to N206/kWh

The Nigerian Electricity Regulatory Commission (NERC) issued a directive yesterday instructing electricity Distribution Companies (DisCos) to reduce the tariff for Band ‘A’ customers from N225/kWh to N206.80/kWh. The regulatory agency cited significant changes in the macroeconomic landscape, particularly the strengthening of the naira against the dollar since April when the rate was hiked by over […]