DisCos

NLC to FG: Shelve proposed electricity tariff hike

The Nigeria Labour Congress (NLC) has called for the shelving of the proposed plan of electricity tariff hike by July…

11 months ago

DisCos collected N247.3bn from electricity customers in 3 months

The Electricity Distribution Companies (DisCos) collected revenue of N247.33 billion from consumers in the first quarter (Q1) of 2023, according…

11 months ago

Banks get guidelines to sell 60% shares in DisCos

The Bureau of Public Enterprises (BPE) has issued guidelines to the banks/lenders for the sale of their 60% shares in…

1 year ago

DisCos record N543bn revenue loss in 2020

The Nigerian Electricity Regulatory Commission (NERC) report has indicated that 11 distribution companies (DisCos) collected only N370 billion while N543…

2 years ago

FG receives update on takeover of 4 DisCos

The National Council on Privitisation (NCP), chaired by Vice President Yemi Osinbajo, has received an update on the takeover of…

2 years ago

FCCPC: It’s illegal to disconnect electricity without 10-day notice

The Federal Competition and Consumer Protection Commission (FCCPC) has said it is illegal to disconnect a consumer from source of…

2 years ago

Fidelity Bank, AMCON take over 4 DisCos over debts

Fidelity Bank has taken over the boards of Kano Electricity Distribution Company (KEDCO, Benin, Benin Electricity Distribution Company (BEDC), and…

2 years ago

NERC: Nigerians’ll enjoy improved power supply from July 1

Nigerians will witness improved power supply from July 1 following renewed efforts by industry stakeholders. Chairman, Nigerian Electricity Regulatory Commission…

2 years ago

NERC denies fresh electricity tariff increment

The chairman of the Nigerian Electricity Regulatory Commission (NERC), Mr. Sanusi Garba, says the commission has not approved any new…

2 years ago

CBN: We’ve disbursed N1.3trn to power sector in 5 years

The Central Bank of Nigeria (CBN) said has disbursed over N1.3 trillion to support the provision of power supply to…

2 years ago

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