Electricity DisCos lose N25.71 billion in one month over bill collection inefficiency
Electricity distribution companies nationwide lost N25.71 billion in revenues due to inefficiency in collection in June 2024.
Tag: DISCOS
News and analysis about DISCO
Electricity DisCos collects N150 billion as revenue in June- NERC
Electricity distribution companies across the country collected N150.86 billion in revenues in June 2024 representing a collection efficiency rate of ...
Nigeria’s power generation rises to 5,313MW, the highest in 3years – Power Minister
Nigeria’s power generation reached a three-year high of 5,313 MW on Monday, according to the Ministry of Power.
FG to allocate $800 million for construction of new Substations, distribution networks across Nigeria
The Federal Government has stated that $800 million will soon be released for the construction of new substations and distribution ...
FG signs agreement with 3 Chinese firms to supply 1.4 million electricity meters
The Federal government through the Bureau of Public Enterprise (BPE) has put pen to paper with three Chinese firms to ...
Nigerians struggle with estimated billing as meter price nears N250,000
The Nigerian Electricity Regulatory Commission’s (NERC) move to deregulate Meter Asset Providers (MAP) was hailed as the much-needed solution to ...
Nigeria’s electricity generation falls by 901 Gigawatts-hour in Q1, 2024 – NERC
In the first quarter of the year, Nigeria’s total electricity generation dropped by 901.94 GWh compared to the previous quarter ...
Nigeria Electricity Regulatory Commission asks NBET to cease trading electricity
The Nigeria Electricity Regulatory Commission (NERC) has asked the Nigeria Bulk Electricity Trading (NBET) company to forthwith desist from entering ...
FG deducts N120 billion from April revenue as first tranche of Presidential Metering Initiative funding
The Federal Government has set aside N120 billion as the first tranche of the Presidential Metering Initiative (PMI).
FG exempts GenCos, DisCos, others from payment of withholding tax nationwide
The Federal Government has categorized all electricity companies including the generation and distribution companies (GenCos and DisCos) as part of ...
