The Corporate Affairs Commission (“CAC’’) recently announced the upgrade of its website and online registration portal (‘’the Portal) to allow for the full automation of most of..
COVID 19 Pandemic Impacts Full Revenue Recovery Plans As Order On The Transition To Cost Reflective Tariffs In The Nigerian Electricity Supply Industry Is Issued
The Nigerian Electricity Regulatory Commission (“NERC” or “the Commission”) had planned by its December 2019 Minor Review of Multi-Year Tariff Order of 2015 and Minimum Remittance Order for the year 2020 to sanction minor review of the electricity tariff to commence by 1st April 2020. The Discos in particular, amongst other value chain stakeholders (except the consumers of course) eagerly waited for the set date to kick in so that their revenue recovery could, at least, be enhanced. Then the Covid 19 disease, which originated in Wuhan in China but has been upgraded to a pandemic level by the World Health Organization (“WHO”), came into the equation.