DisCos Now Granted Access to Buy Electricity Directly From Producers
Power distribution companies (DisCos) in Nigeria have been given the green light by the regulator to buy electricity directly from producers of the commodity after over 10 years of relying on an intermediary called the...
FG Begins Probe as TCN Disconnects Ajaokuta Over N33bn Electricity Debt
The Federal Government on Thursday said it would investigate how the non-functioning Ajaokuta Steel Company Limited accrued N33bn in electricity debt which prompted the Transmission Company of Nigeria to disconnect the company from the...
Military To Spend N5.8bn On Electricity Charges, Despite Payment Default
The three branches of armed forces have proposed to spend N5,817,782,952 in 2024 to pay electricity charges.
The amount is despite the military fingered among the government agencies that occasionally owed the Distribution Companies debt which...
Unmetered Customers now 7.1million as Discos Install 504,729 Meters in 2023 - Report
The number of power consumers without meters across the country is now 7,117,167, as a total of 504,729 meters were installed by electricity distribution companies between January and September 2023.
Data obtained from...
We Will Sell Off 40% Stake in Discos, Says BPE
The Bureau of Public Enterprises (BPE) has said that it intends to sell remaining 40 per cent shares of the government in electricity distribution companies on the capital market in 2024.
It said the BPE may...
Lawmakers Summon CBN, DISCOs, Over Alleged Misappropriation of $321m, N18bn Loan
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in relation to accusations of mismanaging loans amounting to US$321 million and N18.2...
