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Fidelity Bank takes over Benin, Kano, Kaduna DisCos over multi-billion debts

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Fidelity Bank Plc, has taken over control of Benin, Kano and Kaduna electricity distribution companies over their inability to repay multi-billion naira loans obtained...

How to track estimated bills, avoid shortchanging by DisCos, FCCPC advises...

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The Federal Competition and Consumer Protection Commission (FCCPC), has provided a guide to electricity consumers on how to track their bills even with the...

Revenue shortfall recorded by Discos, others rises to N1.6trn

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Total revenue shortfall in the Nigerian power sector has reached N1.6 trillion in eight years. This is according to Sunday Oduntan, the executive director, research...

FG orders DisCos to suspend electricity tariff hike

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The Federal  Government orders DisCos to suspend electricity tariff hikePublished 3 hours ago on September 30, 2020By Felix Onajite The Federal Government has ordered the...

NERC orders DisCos to meter customers within 10 days of payment

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The Nigerian Electricity Regulatory Commission (NERC) has directed Distribution Companies (DisCos) to ensure electricity customers are metered within 10 days after payment, warning that...

Electricity tariff increase takes effect Sept 1 – NERC, Discos

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In a surprise move, the Nigerian Electricity Regulatory Commission has approved an increase in electricity tariff with effect from September 1, 2020 (today). This comes...

NERC cautions DisCos over incessant power cuts

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The Nigerian Electricity Regulatory Commission (NERC) has cautioned the 11 Distribution Companies (DisCos) for deliberating isolating some 33 kilovolts (kV) feeders to limit energy...

Gas constraints, low demand from DisCos force nine power plants to...

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Nine of Nigeria’s 27 power plants did not generate any megawatt of electricity on Thursday. This left a total of 2,079 megawatts of unutilised generation...

NERC threatens to revoke licences of eight DisCo

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The Nigerian Electricity Regulatory Commission (NERC) has threatened to withdraw the licences of eight electricity distribution companies (DisCos) over an alleged breach of market...

FG’ll pay ‘failed investors’ N736bn to repossess Discos

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The Federal Government is considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry. This is...

Blackout looms as FG moves to cut off three DisCos from...

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The federal government has ordered the disconnection of three electricity distribution companies from the national grid over “non-compliance with the conditions of market rules”. DisCos...

FG approves payment of N26bn owed Discos

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  The Federal Government on Wednesday approved the payment of N25.994bn being debts owed by Ministries, Departments and Agencies to electricity distribution companies. The Minister of...

NLC says power sector funds created billionaires, demands probe

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The Nigeria Labour Congress (NLC) has asked President Muhammadu Buhari to do an immediate and comprehensive audit of all monies so far spent in...

FG saves N41b after DisCos debt claims audit

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The verification of the N67bn unpaid electricity bills accumulated by Ministries, Departments and Agencies (MDAs), which the 11 electricity distribution companies (DisCos) submitted to...

Metering of customers not exclusive to DisCos – Fashola

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The Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN), said on Monday nothing in the Electricity Power Sector Reform Act gives electricity...

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