The 11 electricity distribution companies operating in the country has said the Federal Government had failed to release the N100bn subsidy it promised operators in the sector after private investors took over about 18 successor companies of the defunct Power Holding Company of Nigeria on...

Discos flay plans to escrow their accounts The Nigerian Electricity Regulatory Commission (NERC), is set to release a minimum recapitalisation level required to be met by core investors in the power sector. NERC identified capital adequacy as a major issue in the power sector, pointing out...

Investors in the Nigeria’s power industry have picked holes in the planned N701 billion power intervention fund by the Federal Government. They declared that the fund had the potential to worsen revenue shortfalls rocking the industry. Executive Director, Research and Advocacy for the umbrella body...

The Association of Nigerian Electricity Distributors (ANED) said that it has appealed against the judgment of a Lagos Federal High Court annulling the 45 per cent electricity tariff hike. ANED is the association of the 11 Electricity Distribution Companies (DISCOs) operating in Nigeria. A Federal High Court...