Investogist
No Result
View All Result
Wednesday, November 4, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NJC sacks two heads of court, suspends two judges, sets up panel

    Court Sacks Uzodimma as APC’s Imo West Senate Candidate, Declares Okorocha Primary Winner

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    EFCC arrests 148 Chinese, 40 Filipinos, and 604 others in Lagos for crypto fraud:

    EFCC Opens 2026 Recruitment Portal, Applications Close 1 November

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Buys 25% of Kenya Pipeline Company, Pledges $1.5 Billion Expansion

    Nigeria Confirms Imported Ebola Case in Abuja, Traces 44 Contacts

    Nigeria Confirms Imported Ebola Case in Abuja, Traces 44 Contacts

    China Sends Drones to Watch Keen Sword 27 as Russia Expands at Six Libyan Air Bases

    China Sends Drones to Watch Keen Sword 27 as Russia Expands at Six Libyan Air Bases

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Fidelity Bank Repays $400m Eurobond at Maturity

    Fidelity Bank Repays $400m Eurobond at Maturity

    Dangote Refinery Share Sale Closes Nearly Three Times Oversubscribed

    Dangote Refinery Share Sale Closes Nearly Three Times Oversubscribed

    Stanbic IBTC launches a rights issue worth ₦N148.7 billion on the NGX Invest platform.

    Stanbic IBTC Fixes ₦159.86 Reference Price for 2026 Interim Scrip Dividend

    Transcorp Power’s nine-month profit falls 8.9% to ₦83.1bn as revenue drops 13.7%

    Transcorp Power’s nine-month profit falls 8.9% to ₦83.1bn as revenue drops 13.7%

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Guinness Nigeria Declares ₦7.00 Interim Dividend for 2026

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NJC sacks two heads of court, suspends two judges, sets up panel

    Court Sacks Uzodimma as APC’s Imo West Senate Candidate, Declares Okorocha Primary Winner

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    EFCC arrests 148 Chinese, 40 Filipinos, and 604 others in Lagos for crypto fraud:

    EFCC Opens 2026 Recruitment Portal, Applications Close 1 November

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Buys 25% of Kenya Pipeline Company, Pledges $1.5 Billion Expansion

    Nigeria Confirms Imported Ebola Case in Abuja, Traces 44 Contacts

    Nigeria Confirms Imported Ebola Case in Abuja, Traces 44 Contacts

    China Sends Drones to Watch Keen Sword 27 as Russia Expands at Six Libyan Air Bases

    China Sends Drones to Watch Keen Sword 27 as Russia Expands at Six Libyan Air Bases

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Fidelity Bank Repays $400m Eurobond at Maturity

    Fidelity Bank Repays $400m Eurobond at Maturity

    Dangote Refinery Share Sale Closes Nearly Three Times Oversubscribed

    Dangote Refinery Share Sale Closes Nearly Three Times Oversubscribed

    Stanbic IBTC launches a rights issue worth ₦N148.7 billion on the NGX Invest platform.

    Stanbic IBTC Fixes ₦159.86 Reference Price for 2026 Interim Scrip Dividend

    Transcorp Power’s nine-month profit falls 8.9% to ₦83.1bn as revenue drops 13.7%

    Transcorp Power’s nine-month profit falls 8.9% to ₦83.1bn as revenue drops 13.7%

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Guinness Nigeria Declares ₦7.00 Interim Dividend for 2026

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

New Electricity Tariff system explained – know your Band

Monday, 7 September 2020, 7:54 pm
in News, Nigeria
0
New Electricity Tariff system explained – know your Band
Share Share Share Share Send as Email

The Enugu Electricity Distribution PLC (EEDC), South-East zone, Monday, said it has commenced the implementation of the new service reflective tariff in the country which was effective Tuesday, September 1, 2020.

This was disclosed by the Head, Corporate Communications, EEDC, Mr. Emeka Ezeh. Ezeh according to Vanguard.

The implementation is in compliance with the Order by the Nigerian Electricity Regulatory Commission (NERC) dated 27th August 2020.

Ezeh said that the new tariff will be based on daily hours of electricity consumption and will not apply to customers with less than 12 hours of daily electricity supply.

Have you read?

  •  Buhari says there is no provision for fuel subsidy in the revised 2020 budget
  • 13 power plants shut, Discos reject 8,733.39MW in one week
  • FG’s N30.5bn COVID-19 expenditure – CSOs demand details

According to him, “In the new tariff Order, customers are classified into three major clusters, namely: Non-MD, MD-1 and MD-2.

“In the same vein, five distinctive bands (A-E) has been created to reflect the various service levels and minimum hours of power supply, a situation where a blanket tariff no longer applies to all category of customers.

“For instance, customers in-

  • “Band A” are to enjoy daily minimum supply of 20 hours,
  • “Band B” minimum of 16 hours
  • “Band C” minimum of 12 hours
  • “Band D” minimum of 8 hours,
  • “Band E” are expected to enjoy minimum daily supply of 4 hours.

“The impact of the reviewed tariff will only apply to customers in Bands A, B and C; while the tariff for customers in Bands D and E remains frozen until their service quality is improved upon he said.

“It is only then that they will be migrated to the Band that suits their supply availability he added.

The Minister of Information and Culture, Lai Mohammed, in Abuja on Monday, 7 September 2020 said, “Under this new arrangement, only customers with guaranteed minimum of 12 hours of electricity can have their tariffs adjusted. Those who get less than 12 hours supply will experience no increase. This is the largest group of customers”

Under this new arrangement, only customers with guaranteed minimum of 12 hours of electricity can have their tariffs adjusted. Those who get less than 12 hours supply will experience no increase. This is the largest group of customers.

— Fed Min of Info & Nat’l Orien (@FMINONigeria) September 7, 2020

For Postpaid customers, the impact of the new tariff will reflect in their October bill which is for energy consumed in the month of September, while it will impact on prepaid customers as they purchase their token according to Vanguard.

Written by;

Ifunanya Ikueze

Related Posts:

  • NERC
    NERC approves a hike in electricity tariff from…
  • IBEDC
    IBEDC increases Band A customers electricity Tariff
  • Grid
    EERC issues new tariff: Band A customers to pay N160 per Kwh
  • NERC Tariff
    Enugu State Electricity Regulator lacks power to…
Previous Post

Buhari says there is no provision for fuel subsidy in the revised 2020 budget

Next Post

AM & P Advisory Services acquires over N312 million worth of UACN

Next Post
AM & P Advisory Services acquires over N312 million worth of UACN

AM & P Advisory Services acquires over N312 million worth of UACN

Please login to join discussion
  • Trending
  • Comments
  • Latest
Russia selling Oil to India below the EU price cap of US$60 per barrel

Russia selling Oil to India below the EU price cap of US$60 per barrel

List of Active Stockbrokers on NSE: Is Your Stockbroker Active?

Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

Singapore’s Tolaram acquires controlling stake in Guinness Nigeria Plc

Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

NJC sacks two heads of court, suspends two judges, sets up panel

Court Sacks Uzodimma as APC’s Imo West Senate Candidate, Declares Okorocha Primary Winner

Airtel Africa Releases Audited Financial Statements for Q1 2026

Airtel Africa half-year profit hits $452m on mobile money, data growth

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved