CBN To Inject N118bn Into DisCos       The Central Bank of Nigeria (CBN) will be disbursing N118 billion for power distribution projects across the six geopolitical zones. Senior Special Assistant to President Muhammadu Buhari on Public Affairs, Ajuri Ngelale, disclosed this on Sunday. This, he said, would enable...

Labour Pushes For 40% Reduction In Electricity Tariffs         There is a stalemate in the push for electricity tariffs reversal championed by Organised Labour. Labour is pushing for a 40 per cent reduction following September’s increase by the Federal Government. Labour’s argument is based on findings that gas,...

Power Sector Deficit Hits N396.86bn In Nine Months         The liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos, to Nigerian Bulk Electricity Trading, NBET, Plc., has increased to N396.86 billion, indicating an increase of seven per cent, compared...

In Nine Months, Electricity Consumers Paid N362bn - Discos         Electricity consumers paid N362bn out of the N520bn billed them by the distribution companies in the country from January to September last year, a new report by the Discos has shown. The Association of Nigerian Electricity Distributors,...

Ten Power Plants Idle On Discos’ Rejection, Gas Shortage         Ten of the nation’s 29 power plants sat idle on Monday on the back of low load demand by the distribution companies and gas constraints. Total power generation in the country fell to 4,112.10 megawatts as of...

Fed Govt Hikes Electricity Tariff By 50%         The Nigerian Electricity Regulatory Commission, NERC, has approved over 50 per cent hike in electricity tariff effective January 1, 2021. The new tarrif hike regime is to be paid by customers of the 11 electricity Distribution Companies, DISCOs. This is...