Tag: DisCos
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 to the National Bureau...
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 the assets of Electricity...
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 billion remains uncollected in...
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 four electricity Distribution Companies...
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 power supply without a...
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 Kaduna Electric.
Also, Ibadan Electricity...
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 (NERC), Mr. Sanusi Garba, gave...
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 tariff rate review in...
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 Nigerians in the last...
Blackout: National grid suffers second system collapse in 2 days
Some parts of the country were on Tuesday thrown into darkness following another system collapse of the National Grid.
Head, Corporate Communications, Ikeja Electric Plc,...
