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A view is seen of the Nigeria stock exchange building in the central business district in Lagos April 10, 2013. Image for illustrative purpose.
Nigeria's electricity regulator on Wednesday approved an increase in electricity tariffs for wealthier consumers in Africa's most populous nation, it said in a statement.
The vice chairman of the Nigerian Electricity Regulatory Commission (NERC), Musiliu Oseni, said the increase took effect immediately.
"The commission has approved a rate review of 225 naira per killowatt hour from a maximum of 68 naira per kilowatt hour ... for just under 15% of the customer population in the Nigerian electricity supply industry," Oseni said.
(Reporting by Camillus Eboh; Writing by Chijioke Ohuocha Editing by Mark Potter)
