The Nigerian Bulk Electricity Trading (NBET) said on Sunday the country’s power distribution companies (Discos) failed to clear the N416.94 billion incurred for electricity purchased from...
The Federal Government on Wednesday threatened to sanction any electricity distribution company (DisCo) or its representatives selling electricity meters or asking Nigerians to pay money to...
The Nigerian government has provided funds to power distribution companies (Discos) towards the nationwide roll-out of metres to electricity customers. Ernest Mupwaya, managing director of Abuja...
The Electricity Distribution Companies (DisCos) have been accused of defrauding Nigerians with impunity. The House of Representatives levelled the allegation on Wednesday and urged the Minister...
Electricity consumers in the country paid a gross sum of N1.27 trillion within three years to power distribution firms (Discos) in settlement of their bills, figures...
Power generation in the country fell on Sunday as four more power plants shut down within two days, bringing the total number of idle plants to...
The Central Bank of Nigeria (CBN) has ordered deposit money banks to ensure that electricity distribution companies (Discos) pay for the consumed power they were provided...
The Transmission of Nigeria (TCN) said on Wednesday the country’s power generation scaled its record high of 5,377 Megawatts (MW) on August 1. The TCN, which...
The Nigeria Electricity Regulatory Commission (NERC) has assuaged fears over the effect of the proposed tariff increase that has been suspended by the federal government of...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Power distribution companies (Discos) Thursday said the capped tariff system introduced by industry watchdog, Nigerian Electricity Regulatory Commission (NERC), into electricity pricing cost them N13.9 billion...
The leadership of the National Assembly on Monday succeeded in persuading the electricity distribution companies (DisCos) to defer the planned tariff hike till the first quarter...
Power distribution companies (Discos) on Sunday revealed that the decision to increase electricity tariffs beginning from 1st July was not a unilateral one made by electricity...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Electricity distribution companies (Discos) have said they lose more than N30 billion of their monthly income to energy theft, vandalism, meter bypass and unsettled electricity bills...
The Senate on Tuesday blamed the Nigerian government for the insolvency currently witnessed in the nation’s power sector, noting that Ministries, Departments and Agencies (MDAs) owed...
Power distribution companies (Discos) on Sunday blamed the outrageous import duty on meters, imposed by the Nigerian government, for the low metering of electricity users in...
Power Distribution Companies (Discos) in the country on Wednesday affirmed they were only able to access N58 billion from the Central Bank of Nigeria’s N213 billion...
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday threatened to sanction seven electricity Distribution Companies (DisCos) for failing to comply with its order on capping of...
While Nigerians are busy with the management of COVID-19 and its many fall-outs, fire has been burning in other aspects of national life which require equal...
Power generation companies (Gencos) have claimed they are not aware of any N200 billion paid to the power industry by the Nigerian government in the past...
The Electricity Distribution Companies (DisCos) said on Thursday the two months free electricity for Nigerians was proposed by the Federal Government. The Executive Director of the...
The Minister of Power, Engr. Saleh Mamman, said Tuesday the suspension for three months of implementation of the proposed electricity tariff in the country was in...
A new electricity tariff regime, which will effect increase in different electricity rate categories, begins tomorrow Wednesday 1st April 2020. The new regulation had been announced...
The Nigerian Electricity Regulatory Commission (NERC) has declared that the accumulated bill of the power supplied by Nigeria to its West African neighbours – Benin, Togo...
Indications emerged on Monday that the African Development Bank (AfDB) had endorsed an outlay of $200 million (around N61.2 billion) for Nigeria to develop its decrepit...
The Minister of Power, Engr. Sale Mamman, said on Thursday the Federal Government has no plan to hand over the electricity distribution companies (DisCos) to a...
Power Distribution Companies (Discos) in the country and the Transmission Company of Nigeria (TCN) have approached the Nigerian Electricity Regulatory Commission (NERC) with a view to...
Indications emerged on Sunday that the Transmission Company of Nigeria (TCN) will press for the recapitalisation of power distribution companies (Discos) in the country this year....
The Managing Director of Primero Transport Services Limited, Fola Tinubu, said on Tuesday the company is planning an upward review of transport fares across all routes...
The Nigerian government will commence regulating estimated electricity bills issued by power distribution companies to customers without meters come February. The Nigerian Electricity Regulatory Commission (NERC)...
The nation’s power supply has dropped from 3,993.65 Megawatts (MW) to 3,608 MW on Thursday, indicating a drop of 385.65 MW. The development, according to a...
Six of the eight Power Distribution Companies (DisCos) which the Nigerian Electricity Regulatory Commission (NERC) had threatened with revocation of licence have complied with the approved...
President of the Senate, Ahmad Lawan, has called on the Executive to, as a matter of urgency, declare a state of emergency in the power sector...
The Minister of Power, Saleh Mamman said Thursday that despite achievements recorded in power generation and transmission capacity, the Distribution Companies (DisCos) had not done enough...
The ownership of power distribution companies (Discos) is to come under review as the National Economic Council (NEC) resolved to carry out the exercise at their...
The Senate has mandated its Committee on Power to investigate the activities of power generating and distribution companies with a view to unraveling the cause of...
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday gave the eight power distribution companies (DisCos) till December 7, 2019, to explain why their license should not...
The Association of Nigeria Electricity Distributors (ANED) has said Electricity Distribution Companies (DisCos) will need N8.7 billion to comply with the remittance order by the Nigerian...
The Nigerian Senate on Tuesday questioned why the Federal Ministry of Power allocated N600 million to Distribution Companies (Discos). The Senate argued, that Discos were privatised...
Eight electricity distribution companies (Discos) in the country may have their licences revoked by the Federal Government for their failure to meet the remittance threshold as...
The Speaker of the House of Representatives, Femi Gbajabiamila, on Wednesday insisted that Nigerians must get value for electricity bills they pay. He warned electricity distribution...
The Nigeria Labour Congress (NLC) on Sunday called on the Nigerian government to retain its 40% shareholdings in power generation and distribution companies. It also warned...
There are indications that Nigerians may have to pay more for electricity as the federal government embarks on plans to boost the operations of electricity Distribution...
The Transmission Company of Nigeria, TCN, has said the nationwide blackout experienced in most parts of the country on Wednesday and Thursday following a collapse of...
Stakeholders in the country’s electricity market on Wednesday bickered at a public hearing as the Transmission Company of Nigeria (TCN) asked the Nigerian Electricity Regulatory Commission...
The Nigerian Electricity Regulatory Commission (NERC) has said the obligation to ensure electricity consumers have meters rests on the shoulders of the Distribution Companies (Discos). This...
Federal Government’s inability to periodically review power sector’s Multi Year Tariff Order (MYTO) has resulted to a loss of over N1.4 trillion. Executive Secretary, Association of...
At the expiration of the deadline set by the Bureau of Public Enterprises, BPE, Five firms successfully submitted financial and technical bids to purchase 51 per...
The poor remittance levels of the 11 electricity distribution companies (Discos) in Nigeria’s privatised power market may have defeated the aim of the N701 billion bailout...
