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Business

NERC reveals how 11 DisCos overbilled unmetered customers N105bn

NERC has announced sanctions on some electricity distribution companies in Nigeria over excess charges on customersThe regulatory agency has effected a fine of 10%...
Business

Excitement as Power minister instructs communities to stop buying infrastructures for DisCos

The federal government has issued a caution against communities being coerced into acquiring electricity infrastructures The government stressed that DisCos are responsible for supplying...
Business

Why Nigeria is currently experiencing power outage as major power station shuts down

Egbin Power Station, one of Nigeria's biggest thermal stations, has shut down operations The management of the station disclosed in a statement that the...
Business

Revealed! How Ikeja Electric, Eko Disco, others got N136 as subsidy in 2023

The Nigerian government has disclosed that it paid N136 billion as electricity subsidy in 2023The Nigerians Electricity Regulatory Commission (NERC) said the amount was...
Business

Wow! See the massive power plant set to begin operation in Nigeria

The Minister of Power, Adebayo Adelabu, has revealed that a new power plant is set to begin operation in NigeriaThe Minister said the $1.bn...
Business

Boost for Nigeria's power sector as FG, CBN fund manufacture of 4 million Nigerian-made metres

In continuance of its mass metering project, the FG and the CBN to finance 4 million metresAccording to a NERC report, the metres to...
Business

Nigerian electricity customers refuse to pay DisCos N343 billion bill, make 1 million complaints

Power consumers in Nigeria have left a huge debt to electricity distribution companies.Aside from the debt, over a million customers laid complaints of different...
Business

License renewal anxiety grips GenCos, DisCos as FG reviews performance decade after

Ten years after receiving a license to operate, GenCos and DisCos will know their fate in the coming weeksThe operators whose licenses will expire...
Business

See the list of 47 companies bidding to provide pre-paid meters to Nigerians

About 47 companies are biding for the World Bank-funded Mass Metering Programme by the Nigerian GovernmentThe Nigerian government secured about $155 million loan from...
Business

Why wealthy Nigerians enjoy electricity subsidy more than others

The Nigerian Electricity Regulatory Commission (NERC) says electricity subsidy in Nigeria is pro-richNERC said its latest report that wealthy Nigerians enjoy electricity more than...
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