NERC Earns N3.25bn In Q1, Spends N1.9bn         The Nigerian Electricity Regulatory Commission (NERC) says it earned a higher revenue of N3.25 billion but its expenditure rose to N1.94bn in the first quarter of 2020. According to the first quarter report, the revenue was an increase of...

Discos Failed To Remit N119.88bn In Three Months – NERC         The 11 power distribution companies operating in Nigeria failed to remit N119.88bn in the first quarter of the year, the Nigerian Electricity Regulatory Commission has said. In its quarterly report for the first quarter released on...

CBN Enforces Local Content In Mass Metering Facility         The Central Bank of Nigeria has prohibited the use of its National Mass Metering Programme facility for procurement of fully assembled meters from overseas, and metering infrastructure. It said this in its report on ‘Framework for financing of...

NERC To DisCos: Don’t Revert To Service Reflective Tariff       The Nigerian Electricity Regulatory Commission on Monday said it had directed power distribution companies not to revert to the September 1 service reflective tariff. Chairman of the commission, James Momoh, said Discos had been asked to abide...

TCN, Discos Hindering 4,000MW Generation Daily - Gencos       The quantum of electricity generated in Nigeria is rejected or forced to be reduced by an average of 4,210 megawatts daily due to transmission and distribution constraints, power generation companies said on Monday. In a document obtained in...

Electricity Consumers Paid N1.27trn In Three Years - DisCos         Electricity distribution companies collected a total of N1.27tn from customers in the last three years, data obtained from the Association of Nigerian Electricity Distributors (ANED) on Thursday have shown. ANED, the umbrella body for the Discos, said...