Power: DisCos’ Revenue Rises 30% to N782.74bn The Nigeria Electricity Regulatory Commission, NERC, says revenues collected by eleven electricity distribution companies, DisCos, increased by 30 percent in the first nine months of 2023 to N782.74 billion, compared to N598.13 billion collected over the same period...

FG Borrowed N1.3trn In Four Years To Subsidise Power Consumers - W/Bank     The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said...

No Electricity Tariff Increase, Says Power Minister     At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff. In a statement made available to Economic Confidential...

Tariff Implementation: Nigeria’s Power Sector Faces Bleak Future — GENCOs       Power Generating Companies, GENCOs, has said that the constraints bewildering Nigeria’s power sector are so vast that they may end up forcing it to comatose. The GENCOs reaction is coming against the backdrop of the recent...

Electricity: In 10 Months, Nigeria Loses N243bn       Nigeria recorded losses in power generation volume valued N243 billion between January and October this year. This is contained in the October 2020 electricity generation statistics released by the Association of Power Generation Companies (APGC), the umbrella body...

Businesses, Govts Count Losses To #EndSARS Protests       At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown...