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Reps Probe N2.6tn Discos Power Sector Debt

Reps Probe N2.6tn Discos Power Sector Debt The House of Representatives Public Accounts Committee has summoned 11 electricity distribution companies to appear before it over alleged failure to pay an outstanding debt of N2.6tn owed to the government through the Nigerian Bulk Electricity Trading Company. The...

Consumers Owe Discos N70bn in May – Report

Consumers Owe Discos N70bn in May - Report Electricity consumers across Nigeria failed to pay N70.25bn in May 2025, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission. The 12 electricity distribution companies billed a total of N261.82bn during the month...

FG may Sell 11 DisCos to New Investors

The Federal Government may sell the 11 power distribution companies through a re-privatisation process if the Electricity Act (Amendment) Bill, 2025, currently before the National Assembly, becomes law.

Senate to FG: Stop Enriching Discos with Public Funds

Senate to FG: Stop Enriching Discos with Public Funds   The Senate has called on the Federal Government to rethink its approach to the power sector by ending the indirect enrichment of private electricity distribution companies with public funds. The Chairman, Senate Committee on the Environment, Senator...

DisCos Record Over N200bn Revenue Shortfall

Electricity distribution companies recorded a shortfall of over N202bn in their revenue collections for the first quarter of 2025, despite a rise in electricity billing across the country, an analysis of official industry data.

AEDC Refunds N241m Electricity Credit to Customers

AEDC Refunds N241m Electricity Credit to Customers The Abuja Electricity Distribution Company has refunded electricity credit worth N241.45m to 9,823 customers across its franchise areas as compensation for billing irregularities and regulatory infractions committed between June 2024 and January 2025. The refunds, processed as energy credits,...