The federal government has directed power generation companies to reduce the amount of power they generate. According to a report by Leadership, the National Control Centre...
The Director-General of the Bureau of Public Enterprise (BPE), Alex Okoh, on Sunday briefed the National Council of Privatization (NCP) on the takeover of Kaduna and...
Commercial banks have taken over five distribution companies (DisCos) after they failed to repay loans obtained to acquire assets during the 2013 privatisation. Two of the...
The Nigerian Electricity Regulatory Commission (NERC) has announced that electricity companies in Nigeria can adjust their tariff upwards. The new approval was scheduled to take effect...
Power distribution Companies (DisCos) rejected a total of 2,495.3 megawatts of electricity in one week amid the outcry of blackouts in various locations across the country...
The Federal Competition and Consumer Protection Commission (FCCPC) has warned Electricity Distribution Companies (DisCos) to bill consumers per hour amid shortage of power supply in the...
The Nigerian Electricity Regulatory Commission (NERC) has reiterated that electricity consumers are not required to pay directly for the meters issued to them under the National...
Nigerian Electricity Regulatory Commission (NERC) says electricity customers will be compensated for lack of power supply from July. The distribution companies will be penalised for poor...
Consumers in the country increased debt owed to Electricity Distribution Companies (DisCos) by 18.38 percent in 2020, data from Nigerian Electricity Regulatory Commission financial report has...
The Nigerian Electricity Regulatory Commission (NERC) on Friday directed the Electricity Distribution Companies (DisCos) to replace over three million faulty and obsolete meters for their customers....
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it is in the process of reviewing the Meter Asset Provider (MAP) Regulation 2018 to fast-track the...
The power sector may have recorded the lowest decline in technical hitches and power system collapses with only four incidents in 2020. According to industry records,...
The Centre for Human Rights and Social Justice (CHRSJ) has revealed that it would join a nationwide community campaign against some electricity distribution companies (DisCos) in...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
The World Bank has approved a $500 million loan to improve access to electricity in Nigeria and expand the metered network of power distribution companies. The...
The Federal Government said on Thursday it had approved and disbursed the sum of N14.35 billion to the Distribution Companies of Nigeria (DisCos) to procure at...
The Lagos Chamber of Commerce and Industry (LCCI) on Tuesday urged the Federal Government and electricity distribution companies (DisCoS) to work out an effective electricity pricing...
10 power plants representing more than one third of the 29 Nigerian power plants were inactive on Monday by reason of dearth of gas supply and...
Nigeria failed to generate 10,106.8 Megawatts (MW) of power last week due to various limitations ranging from gas constraints to poor transmission and distribution infrastructures. Data...
The Nigerian government deregulated the downstream petroleum sector with effect from March 19, 2020. The key argument was that the fuel subsidy regime which gulps billions...
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...
