News

FG deducts N1.69bn from Abuja disco as overbilling refund

The Nigerian Electricity Regulatory Commission (NERC) has approved the deduction of N1.69 billion from the total annual Operating Expenditure of Abuja Electricity Distribution Company (AEDC), Peak Newspaper Nigeria reports NERC stated that the deduction is for non-adherence to the order on capping of estimated bills under its jurisdiction in the country. According to the commission, […]