Nigeria vows to exceed $5bn capital base for Africa Energy Bank if located in Abuja

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The Nigerian government has pledged to surpass the $5 billion initial capital base target for the Africa Energy Bank, contingent upon the bank establishing its headquarters in Nigeria. This commitment was articulated by Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), during a dinner event for heads of mission from member states of the … Read more

New electricity tariff: See FULL LIST of 481 Band A areas in Nigeria

Aedc Electricity Tariff Hike

The Nigerian Electricity Regulatory Commission, NERC, has approved 481 Band A areas for the purpose of implementing the new tariff. Documents obtained from the regulator indicated that the Abuja Electricity Distribution Company, AEDC, emerged the highest with 107. Yola Electricity Distribution Company, YEDC, has 15, apparently the least. A breakdown indicated that the Ikeja Electricity … Read more