Nigeria, May 6 -- Nigeria's electricity distribution companies (DisCos), on Monday, announced the downward review of electricity tariffs for Band A customers.

The downward review takes effect from 6 May, some of the nation's distribution companies disclosed in statements posted on their X handles on Monday.

Last month, the Nigerian Electricity Regulatory Commission (NERC) ordered the immediate upward review of electricity tariffs.

The NERC Vice Chairman, Musiliu Oseni, said only 15 per cent of the electricity consumers are affected by the hike.

Accordingly, he said, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 ($0.15) per kilowatt-hour from N68.

Since the announcement, the decision has att...