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Discos may bear repair costs amid power crisis, says NERC as Nigeria suffered 162 grid collapse since 2013

In a bold move to tackle Nigeria’s persistent power transmission issues, the Nigerian Electricity Regulatory Commission (NERC) is considering a plan that would require...
Business

Electricity Distribution Companies Made N291.62bn Revenue In First Quarter

Electricity Distribution Companies (Discos) have raked N291.62bn in revenue in the first three months of 2024.According to the National Bureau of Statistics (NBS) Report...
Business

Blackouts: DisCos revenue dips by N3bn in Q1|24

Revenue generated by electricity Distribution companies dipped by N3bn in the first quarter of 2024, fresh data by the National Bureau of Statistics (NBS)...
Business

Nigerian govt approves N21bn to DisCoS for purchase of meters

The Nigerian Electricity Regulatory Commission (NERC) has approved N21 billion for the 11 electricity Distribution Companies (DisCos) to provide meters for customers.NERC gave the...
News

MAN Blocks Electricity Tariff Hike With Court Order

A Lagos high court has issued a temporary order restraining electricity distribution companies (DisCos) and the Nigerian Electricity Regulatory Commission (NERC) from increasing electricity...
News

FG gets $500m World Bank loan for power distribution

The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public Enterprises (BPE) announced on...
Business

Organised labour to picket DisCos, NERC offices, demands reversal of tariff hike

Following an increase in the tariff of electricity consumer under Band A, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have directed...
Business

Disco Explains Reason For 200% Tariff Hike For Band A Customers

The Port Harcourt Electricity Distribution Company (PHED) said the upward review of tariff for Band A customers by 200 per cent was due to...
Business

‘DisCos are complete failures, must be overhauled’, Senate says as minister hints at unbundling

The Nigeria Senate has described the power distribution companies (DisCos) in the country as complete failures which have added nothing significant to the Nigerian...
Business

NERC Approves Upgrade Of More Customers To Band A Feeders In Lagos

The Nigerian Electricity Regulatory Commission (NERC) has approved the upgrade of 33 additional feeders in Eko Electricity Distribution Company’s franchise area to Band A.This...
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