The Nigeria Senate has described the power distribution companies (DisCos) in the country as complete failures which have added nothing significant to the Nigerian power sector....
The federal government has threatened to sanction power distribution companies (DisCos) that fail to supply 20 hours of electricity to customers in the Band A category....
The Nigerian Electricity Regulatory Commission (NERC) has given the 11 electricity distribution companies till April 11 to refund customers wrongly billed at the new rate. The...
The number of estimated billing customers in the fourth quarter of 2023 dropped by 3.34% from 6.03 million to 5.83 million data gleaned by Ripples Nigeria...
The Federal Government through the Nigeria Electricity Regulatory Commission (NERC) has explained why Distribution Companies (DisCos) in the country were given approval to increase tariff of...
The eleven Electricity Distribution Companies (DisCos) in Nigeria obtained a combined N273.34 billion loan from the Central Bank of Nigeria to purchase 414,000 meters and enhance...
The Federal Government, on Monday, ordered the Nigerian Electricity Regulatory Commission (NERC) to withdraw lincences of non-performing electricity distribution companies (DisCos). The government accused the DisCos...
Following the rampant cases of blackout across the country, the federal government of Nigeria has threatened to sanction non-performing Distribution Companies (DisCos) in the country. According...
The Nigerian Electricity Regulatory Commission (NERC) has sanctioned 11 electricity distribution companies (DisCos) for non-compliance with capping of estimated bills for customers. The commission disclosed this...
The 11 electricity distribution companies (DisCos) in Nigeria have been given the greenlight by the Federal Government to purchase electricity directly from power generation companies (GenCos)...
The Federal Government of Nigeria has dropped a hint that it is contemplating handing over its 40% stakes in the 11 Distribution Companies (DisCos) to state...
Many Nigerians are currently experiencing hardship and inability to load tokens on their prepaid meters, findings by Ripples Nigeria have shown growing anger and outrage on...
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) to provide clarification over alleged...
Electricity distribution companies generated N263.08 billion in revenue in the second quarter of this year. The figure was 39.6 percent higher than the N188.4 billion the...
The Federal Government paid a total of N36 billion to subsidise electricity consumption in the country in the first quarter of 2023, the Nigerian Electricity Regulation...
The Oodua People’s Congress (OPC) has raised the alarm over the plan to further increase electricity tariffs by the Distribution Companies (DISCOs), describing the move as...
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...
