Close Menu
    What's Hot

    BTC/USD: Bitcoin Price Dips on Flight from Speculative Asset

    April 19, 2026

    Ecobank Hits 52-Week High, Soars 46% on Dividend Reinstatement

    April 19, 2026

    Tinubu Must Complete 8 yrs of Southern Tenure- Arewa Group

    April 19, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, April 19
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketNews - Irregular Power Supply: Ex-MAN Chairman Urges NERC to Penalise Discos
    MarketNews

    Irregular Power Supply: Ex-MAN Chairman Urges NERC to Penalise Discos

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJuly 8, 2024No Comments1 Min Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Irregular Power Supply: Ex-Man Chairman Urges Nerc To Penalise Discos
    Share
    Facebook Twitter Pinterest Email Copy Link

    Irregular Power Supply: Ex-MAN Chairman Urges NERC to Penalise Discos

    Dr Wale Adegbite, former Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, has advised the Nigerian Electricity Regulatory Commission (NERC) to penalise discos across the country for failing to fulfill their contractual obligations.

    Adegbite gave this advice on Monday in Ota, Ogun. He spoke in reaction to the upward review of the electricity tariff by Ibadan Electricity Distribution Company (IBEDC) for Band A, from N206.80/kWh to N209.50/kWh.

    The ex-MAN chairman said that the increase was marginal, but the issue was the availability of stable electricity for those on Band A.

    “Many customers are not getting electricity for the number of hours the electricity distribution companies have contracted to provide. So, NERC needs to penalise discos for not fulfilling their contractual obligations,” he said.

     Adegbite stressed that imposing stiffer punishment on these discos would ensure sanity and a more stable electricity supply for consumers.

    The Acting Managing Director, Ibadan Electricity Distribution Company (IBEDC), Francis Agoha, stated on Wednesday that the Nigerian Electricity Regulatory Commission had approved tariff increase from N206.80/kWh to N209.50/kwh for users in the category.  Customs Generates N92.3m in 3 Months in Ogun

    Banks CBN FGN Investors Naira NGX Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website

    ogochi Ndubuisi is creative content manager with interest in marketing and advertisement. Ogochi supports MarketForces Africa's clients corporate communication units with content development and liaise with media unit for disseminable product information.

    Related Posts

    News

    BTC/USD: Bitcoin Price Dips on Flight from Speculative Asset

    April 19, 2026
    Analysis

    Ecobank Hits 52-Week High, Soars 46% on Dividend Reinstatement

    April 19, 2026
    News

    PAMA Flags Persistent Trade Barriers Amidst AfCFTA

    April 19, 2026
    Oil and Gas

    Oil Market Sees Weekly Surge in Prices over Supply Risks

    April 19, 2026
    News

    BoI, RMRDC Partner to Address Agric Value Chain Challenges

    April 19, 2026
    News

    Efficiency Over Scale: NOVA Bank Redefines Customer-Centric Banking in Nigeria

    April 19, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    BTC/USD: Bitcoin Price Dips on Flight from Speculative Asset

    April 19, 2026

    Ecobank Hits 52-Week High, Soars 46% on Dividend Reinstatement

    April 19, 2026

    Tinubu Must Complete 8 yrs of Southern Tenure- Arewa Group

    April 19, 2026

    PAMA Flags Persistent Trade Barriers Amidst AfCFTA

    April 19, 2026
    Latest Posts

    BTC/USD: Bitcoin Price Dips on Flight from Speculative Asset

    April 19, 2026

    Ecobank Hits 52-Week High, Soars 46% on Dividend Reinstatement

    April 19, 2026

    PAMA Flags Persistent Trade Barriers Amidst AfCFTA

    April 19, 2026

    Oil Market Sees Weekly Surge in Prices over Supply Risks

    April 19, 2026

    BoI, RMRDC Partner to Address Agric Value Chain Challenges

    April 19, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    BTC/USD: Bitcoin Price Dips on Flight from Speculative Asset

    April 19, 2026

    Ecobank Hits 52-Week High, Soars 46% on Dividend Reinstatement

    April 19, 2026

    Tinubu Must Complete 8 yrs of Southern Tenure- Arewa Group

    April 19, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.