Business

NERC to set net billing regulations, boost renewable energy

Published

3 months ago

June 4, 2026

Preport

The Nigerian Electricity Regulatory Commission (NERC) will kick off the Net Billing Regulations 2026 to strengthen energy security and expand renewable energy nationwide.

The commission announced its plan in a public notice on Wednesday, addressed to electricity consumers, distribution companies, renewable energy developers, commercial and industrial customers, and the general public.

According to NERC, the regulations establish a framework that enables eligible electricity customers, referred to as “prosumers,” to generate electricity primarily through renewable energy sources such as solar photovoltaic systems for their own consumption while exporting excess electricity to distribution networks under a net billing arrangement.

“The Nigerian Electricity Regulatory Commission (NERC) hereby notifies electricity consumers, distribution companies, renewable energy developers, commercial and industrial customers, and the general public of the commencement of the Net Billing Regulations 2026.”

NERC further stated that the new framework is designed to promote the adoption of renewable energy technologies, enhance energy security, and reliability for electricity consumers.

Similarly, the regulators explained that the move was aimed at encouraging private sector participation in distributed electricity generation, supporting efforts to reduce greenhouse gas emissions and facilitate efficient integration of renewable energy systems into distribution networks.

Eligibility requirements:

To participate in the net billing scheme, the commission explained that customers must be connected to the network of a licensed electricity distribution company.

Moreover, the customers must install renewable energy systems that comply with technical standards and regulatory requirements; deploy renewable energy systems with installed capacities ranging from a minimum of 50 kilowatt peak (kWp) to a maximum of 1.5 megawatt peak (MWp).

Besides, the customers are also required to obtain approval from the relevant distribution company and execute a Net Billing Agreement and register with NERC.

The commission said interested customers are expected to apply through their distribution companies for technical feasibility assessments before approval.

“Upon approval and execution of a Net Billing Agreement, the applicant shall register with NERC in accordance with the provisions of the Regulations.”

Metering/compensation

NERC said approved participants would be provided with bidirectional net meters to measure electricity imported from and exported to distribution networks.

The commission added that surplus electricity exported to the grid would attract credits based on export tariffs approved under the regulations.

The move comes amid increasing interest in decentralised power generation and rising adoption of solar energy solutions among households and businesses seeking alternatives to unreliable grid supply.

Related Topics:billing boost Energy NERC net regulations renewable Set

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Seven things to know about the Dangote refinery IPO

Published

6 hours ago

September 16, 2026

Preport

Dangote Refinery 2 1024x831 1 e1778177983979.jpg

Dangote Petroleum Refinery has opened its initial public offer to investors. Here are the key details.

1. The company is seeking about ₦2.15 trillion

The offer comprises 4.1 billion ordinary shares priced at ₦525 each. If fully subscribed, it will raise approximately ₦2.15 trillion.

2. The offer runs for one month

The IPO opened on September 14, 2026, and is scheduled to close on October 13, 2026.

3. Investors can start with ₦5,250

The minimum subscription is 10 shares. At ₦525 per share, eligible investors can participate with ₦5,250.

4. The IPO will broaden ownership of the refinery

Aliko Dangote described the transaction as an “IPO for the people.” Its low entry point is intended to give Nigerians across different income and professional groups an opportunity to own shares in the business.

5. The transaction could reshape Nigeria’s capital market

FCMB Group Chief Executive Ladi Balogun said the offer could strengthen the Nigerian Exchange and support its ambition to become Africa’s largest and most relevant capital market.

The transaction may also encourage other large African companies to raise capital and list their shares in Nigeria.

6. FCMB Group is participating in the transaction through three operating companies:

FCMB Capital Markets is a joint issuing house. CSL Stockbrokers is the stockbroker to the issue. First City Monument Bank is a receiving bank and distribution agent.

7. Qualified Investors and High Net Worth Individuals purchasing 50,000 shares and more, with a working stockbroking account should fill out the investor subscription form and credit their account of choice, sending both to FCMB Capital Markets at the following email address: [email protected]

8. Interested Retail investors with an FCMB bank account can subscribe to the DPRP IPO by following these steps: Log in to the FCMB Mobile App or visit website

Follow the prompts to the Dangote IPO subscription portal.

READ ALSO: Bamboo, Cowrywise down due to Dangote Refinery IPO subscription traffic

Select if you have a CSCS/CHN number.

If yes, fill in the number and follow the instructions.

If not, follow the prompts to open a trading account with CSL Stockbrokers, after which a code will be generated for you.

Ensure your FCMB bank account is sufficiently funded to cover your subscription and authorize the direct debit.

Investors without an FCMB bank account who want to participate in the DPRP IPO can visit the CSL portal to open a stockbroking account. Instructions for opening a bank account are available online.

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Business

Linkage Assurance, DiasporaCare+, Insurance Protection, Nigerians Abroad, Diaspora

Published

14 hours ago

September 15, 2026

Preport

Linkage Assurance Plc has formally unveiled DiasporaCare+, an innovative insurance solution designed to help Nigerians living abroad provide structured insurance protection for their , assets, liabilities and valued interests back home.

The product was formally unveiled by the Managing Director/Chief Executive Officer of Linkage Assurance Plc, Mr. Daniel Braie, as part of the company’s broader strategy to deepen insurance penetration, expand access to protection and develop solutions around the evolving needs of Nigerians at home and abroad.

A Bridge Between the Diaspora and Home

DiasporaCare+ recognises a simple reality: while millions of Nigerians live and work outside the country, they continue to maintain strong family, financial and economic ties with Nigeria.

The solution therefore provides a dependable insurance framework through which Nigerians abroad can protect what matters to them at home.

Speaking at the unveiling, Mr. Daniel Braie, Managing Director/CEO of Linkage Assurance Plc, described DiasporaCare+ as an expression of the company’s commitment to customer-focused innovation and greater financial inclusion.

“DiasporaCare+ is about giving Nigerians abroad greater confidence that the people and interests they care about at home can have access to meaningful insurance protection. We are extending the value of insurance beyond geographical boundaries and providing a dependable bridge between our diaspora community and home.”

Four Solutions, One Protection Ecosystem

DiasporaCare+ brings together four complementary areas of protection, creating a broader insurance ecosystem around the needs of Nigerians in the diaspora and their connections at home.

The four components are:

1.Diaspaora Travel Insurance
Repatriation of mortal remains to Nigeria .

2. Diaspora Home Protection
Fire & Special Perils , Burglary & Housebreaking , Personal Accident & Liability .

3. Diaspora Auto Insurance
Comprehensive , Restricted Cover , Third party & Third Party Plus .

4. Diaspora Holiday Injury Insurance
Accidental Bodily Injuries , Tropical Illness .

Explaining the thinking behind the product, Dr. Imo O. Imo, Chief Strategy & Product Officer, Linkage Assurance Plc, said DiasporaCare+ was developed from a deliberate effort to understand the protection gaps confronting Nigerians living abroad.

“The thinking behind DiasporaCare+ was to move beyond simply selling an insurance policy to the diaspora. We asked a more fundamental question: how can insurance help Nigerians abroad protect the people, assets and commitments that continue to connect them to home? DiasporaCare+ is our response a practical protection ecosystem built around those real-life needs.”

He added that the product reflects Linkage Assurance’s strategy of identifying emerging customer segments and developing relevant solutions around their specific risks and expectations.

Deepening Insurance Beyond Borders

The unveiling of DiasporaCare+ reinforces Linkage Assurance Plc’s commitment to innovation, customer-centricity and inclusive insurance, while opening new opportunities to deepen engagement with the Nigerian diaspora community.

The company will continue to build strategic partnerships and distribution channels that make DiasporaCare+ easily accessible to Nigerians across key diaspora markets.

DiasporaCare+ : Protecting What Matters, Wherever You Are.

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