DisCos Get CBN Loans To End Liquidity Crisis
The Central Bank of Nigeria is now providing loans to electricity distribution companies to cover the collection and operational expenditure shortfalls of the firms and halt the liquidity crisis in the country’s power sector.
The Discos are mainly...
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...
NERC To Review Electricity Tariffs, Capital Expenditure In July
The Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July.
It disclosed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity...
Discos Failed To Pay N510.53bn In 2020, Says NERC
Power distribution companies in the country failed to pay a total of N510.53bn for the electricity sold to them in 2020 by Nigerian Bulk Electricity Trading Plc, the Nigerian Electricity Regulatory Commission has said.
The government-owned NBET...
Group Unravels CBN, Discos’ Secret Plots To Collapse Nigeria’s Economy
The federal government has been intimated of alleged plots by the Central Bank of Nigeria, (CBN) and Electricity Distribution Companies, (Discos) to collapse the nation’s economy through an ongoing secret moves to cancel Eligible Customer,...
