The Nigerian Electricity Regulatory Commission, NERC, said it approved the downward reduction of the electricity tariff of Band A customers due to improved exchange rates. The Commission in a statement issued Monday said it considered changes in the macroeconomic parameters over the preceding month of April 2024. The statement reads: “Pursuant to the tariff methodology adopted by the Nigerian Electricity Regulatory Commission, a revised tariff order covering the month of May 2024 has been issued by the Commission to the eleven (11) electricity distribution companies. “The Commission has consid…