ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Energy

NERC Transfers Electricity Market Oversight to Abia State Regulator

Victoria Emeto by Victoria Emeto
June 26, 2025
in Energy
0
NERC Transfers Electricity Market Oversight to Abia State Regulator

The Nigerian Electricity Regulatory Commission (NERC) has formally transferred regulatory oversight of the electricity market in Abia State to the newly formed Abia State Electricity Regulatory Authority (ASERA).

The announcement was made on Wednesday through an official order shared on NERC’s social media platforms. According to the commission, the transfer is in compliance with the amended Constitution of the Federal Republic of Nigeria and the Electricity Act (EA) 2023.

“In compliance with the amended Constitution and the Electricity Act 2023, the Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Abia State to the Abia State Electricity Regulatory Authority,” the statement read.

This development marks a significant shift under the new electricity law, which allows states to take control of intrastate electricity markets. Under the EA 2023, NERC remains the central regulator for interstate and international electricity activities, including generation, transmission, supply, trading, and system operations.

States wishing to regulate their own electricity sectors must officially notify NERC and request a transfer of authority, which Abia State has now successfully completed.

This transfer empowers Abia State to manage and regulate electricity generation, distribution, and supply within its territory, potentially paving the way for localized improvements in power delivery and infrastructure.

Tags: #AbiaElectricity#ElectricityAct2023#NERC#PowerSectorReform
Previous Post

NUPRC Notifies Oil Firms of Expiring Licences, Sets $5,000 Extension Fee

Next Post

NICArb, CIETAC Sign Landmark Arbitration Agreement to Boost Nigeria-China Trade Ties

Victoria Emeto

Victoria Emeto

Next Post
NICArb, CIETAC Sign Landmark Arbitration Agreement to Boost Nigeria-China Trade Ties

NICArb, CIETAC Sign Landmark Arbitration Agreement to Boost Nigeria-China Trade Ties

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

June 7, 2024
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

February 10, 2026
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Stanbic IBTC Upgrades Transaction Banking Platform to FinnAxia 9.0

Stanbic IBTC Upgrades Transaction Banking Platform to FinnAxia 9.0

August 13, 2026
Standard Bank H1 Earnings Rise 10% to R26.1bn as Credit Losses Fall

Standard Bank H1 Earnings Rise 10% to R26.1bn as Credit Losses Fall

August 13, 2026
Shoprite Forecasts Up to 14.7% Rise in Annual Headline Earnings

Shoprite Forecasts Up to 14.7% Rise in Annual Headline Earnings

August 13, 2026
World Bank, IMF Urge Inflation Control as NESG Forecasts 5.5% GDP Growth

Kenya Expects IMF Talks on New Support Programme

August 13, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Stanbic IBTC Upgrades Transaction Banking Platform to FinnAxia 9.0

Stanbic IBTC Upgrades Transaction Banking Platform to FinnAxia 9.0

August 13, 2026
Standard Bank H1 Earnings Rise 10% to R26.1bn as Credit Losses Fall

Standard Bank H1 Earnings Rise 10% to R26.1bn as Credit Losses Fall

August 13, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!