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NERC Drops Bombshell: Any State Reducing Electricity Tariffs Must Foot the Subsidy Bill”
The Nigerian Electricity Regulatory Commission (NERC) has stated that state governments lack the authority to regulate the national grid or power plants established under federal laws or operating with licences issued by the commission.....KINDLY READ THE FULL STORY HERE▶
This clarification came in response to the recent controversy over the Enugu Electricity Regulatory Commission’s (EERC) decision to reduce tariffs for Band A customers.
In a notice released on Thursday, NERC advised state governments to fully reflect the wholesale cost of electricity in their approved tariffs or be ready to provide subsidies to cover any resulting shortfalls.
The commission acknowledged that states that have assumed regulatory control over their intrastate electricity markets are permitted to design their own tariff structures for end‑users. However, it stressed that such powers must not disrupt the operations or financial stability of the broader electricity market.
It further warned that a state’s authority over tariffs only applies when it is generating and transmitting electricity independently.
NERC stated:
“Since states have no jurisdiction over the national grid or power plants established under federal laws or operating under licences issued by the commission, they must fully account for the wholesale cost of grid supply in their tariffs for end‑users. Any shortfall that distorts wholesale generation, transmission, or legacy financing costs in the Nigerian Electricity Supply Industry (NESI) must be offset by a subsidy.”
The regulator emphasized that no institution has the mandate to take actions that would endanger the stability of the national grid or the wholesale electricity market, as such would contravene constitutional provisions.
NERC’s statement followed concerns raised over EERC’s Tariff Order (Order No. EERC/2025/003), which applies to its licensee, Mainpower Electricity Distribution Limited (MEDL)—a company that depends entirely on supply from the national grid.
According to NERC, the order slashed Band A tariffs in MEDL’s network to ₦160.4 per kWh and froze tariffs for other bands, despite ongoing wholesale generation, transmission, and legacy financing costs. It noted that this figure was reached by cutting the average generation tariff from ₦112.60 per kWh to ₦45.75, creating a subsidy gap of ₦66.85 per kWh.
Citing Section 34(1) of the Electricity Act (EA), NERC reiterated its statutory responsibility to maintain an efficient and financially sustainable electricity industry—an obligation that also applies to subnational regulators such as EERC.
The commission added that it is engaging with EERC to clarify any misunderstandings regarding wholesale generation and transmission costs on power imported from the national grid. It assured stakeholders of its commitment to ensuring full cost recovery in line with Nigerian law.
Meanwhile, the Association of Nigerian Electricity Distributors (ANED) and the Association of Power Generation Companies (APGC) cautioned that neither the Enugu Electricity Distribution Company nor other states should reduce tariffs until they are independently generating and transmitting electricity.
ANED’s Chief Executive Officer, Sunday Oduntan, advised Band A customers in Enugu not to celebrate just yet, warning:
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Tears For A Titan: Family Unveils Emotional Three-Day Funeral Plan For Iconic Actor Kola Oyewo!.
The funeral arrangements for the celebrated Nigerian actor, theatre scholar, and traditional ruler, Chief Dr. Adekola Gabriel Oyewo (Kola Oyewo), have been finalized by his family, with interment scheduled for Friday, August 7, 2026, in Osun State. The veteran actor passed away at age 80, leaving behind a legacy as a prominent figure in stage, television, and academia.....KINDLY READ THE FULL STORY HERE▶
The three-day farewell, organized by the Balogun Oyekola Oyewo Memorial Committee, follows this schedule:
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Wednesday, August 5, 2026: A wake-keep and service of songs will be held at St. Mary’s Catholic Church, Igboya, Ile-Ife.
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Thursday, August 6, 2026: A commendation mass is scheduled at St. Mary’s Catholic Church, followed by an artistes’ night at the Obafemi Awolowo University (OAU) Oduduwa Hall. An exhibition celebrating his works and photographs will also open at the Pit Theatre, African Studies Building, OAU, running through Friday.
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Friday, August 7, 2026: After a morning departure from his residence, a requiem mass will take place at St. Joseph Catholic Church, Oba-Ile. He will be laid to rest in a private ceremony at 12:45 p.m. at Labaluyegbe Villa, followed by a reception at Aderonmu Grammar School Field.
The Bangbola Oyewo family of the Ese-Ola Royal House remembered him as a beloved family man, traditional leader, and an inspiration to generations of theatre practitioners. His passing is regarded as the end of an era for the Nigerian theatre community, where he served as an Associate Professor of Drama and a long-standing mentor.
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Nation In Shock! Herders’ King Brutally Murdered: Cops Race Against Time To Catch Killers!.
Authorities have initiated a comprehensive investigation into the murder of Risku Mohammed, the Benue State Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), and his associate, Yakubu Isa. The two men were reportedly ambushed by unidentified attackers near Ahimeni in the Okodu area while traveling back from a peace summit in Otukpo.....KINDLY READ THE FULL STORY HERE▶
Benue State Commissioner of Police, Cletus Nwadiogbu, condemned the act as a “senseless and criminal” effort to destabilize local peace and security. Through PPRO DSP Udeme Edet, the Commissioner announced that tactical and intelligence teams have been mobilized to hunt down the perpetrators. CP Nwadiogbu has urged the public to avoid spreading rumors or pursuing vigilante justice, instead appealing for any useful information to be shared with the police to assist in the swift arrest and prosecution of those responsible.
Option 2: Concise News Style
Police in Benue State are hunting for the gunmen who killed MACBAN State Chairman Risku Mohammed and Yakubu Isa. The victims were attacked near Ahimeni in the Okodu area while returning from a peace meeting in Otukpo.
State Commissioner of Police Cletus Nwadiogbu denounced the killings and vowed that the command would “leave no stone unturned” in bringing the culprits to justice. Tactical units have been deployed to the area to track down the assailants. The Commissioner extended his condolences to the bereaved families and called on residents to remain calm, law-abiding, and to report any leads to the nearest police station. He reiterated the command’s firm commitment to ensuring the safety of all citizens and holding the criminals accountable.
Option 3: Action-Oriented
Following the tragic assassination of Benue MACBAN Chairman Risku Mohammed and Yakubu Isa, the State Police Command has launched a full-scale investigation. The victims were killed by unknown assailants near Ahimeni, Okodu, following a peace engagement in Otukpo.
Commissioner of Police Cletus Nwadiogbu has directed tactical and intelligence units to track down and arrest the attackers immediately. In a public statement, the command emphasized that such criminal acts will not be tolerated and that every effort is being made to secure justice for the victims. The public is encouraged to assist the investigation by reporting any relevant information through official channels and is cautioned against fueling tensions by sharing unverified reports.
On June 26, 2026, the dollar-to-naira exchange rate at the Lagos parallel market, commonly referred to as the black market, saw sellers offering the dollar at ₦1402, while buyers were purchasing it at ₦1391, according to Bureau De Change (BDC) sources. It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize this market and advises individuals to conduct foreign exchange transactions through their respective banks.....KINDLY READ THE FULL STORY HERE▶
Additionally, the CBN’s official rates for the same period ranged from a high of ₦1385 to a low of ₦1376. Please be aware that actual transaction prices may vary and might differ from the figures provided in this report.
Exchange Rate Summary (June 26, 2026)
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Parallel Market (Selling): ₦1402
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Parallel Market (Buying): ₦1391
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CBN Official Rates: ₦1376 – ₦1385
What specific aspect of the current foreign exchange market or its impact on consumer trends would you like to discuss further?
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