DisCos Hike Electricity Rates As New Tariff Begins Tuesday
The power Distribution Companies (DisCos) are already hiking electricity rates despite the effects of the COVID-19 as a three-month tariff hike implementation begins on Tuesday.
Tariff schedules of three DisCos seen by our correspondent on Monday night,...
Electricity: Banks To Ensure DISCOs Pay NBET, TCN Debts — CBN
Deposit Money Banks have been requested by Central Bank of Nigeria, CBN, to ensure that Electricity Distribution Companies, DISCOs, pay for consumed power they were provided guarantees.
This is part of a renewed effort to...
DisCos Collected N442.6bn In 2018, Says NERC
The Nigerian Electricity Regulatory Commission (NERC) said the 11 Distribution Companies (DisCos) collected N442.6 billion in 2018.
It was learnt at the weekend from a document which our correspondent obtained in Abuja: “The total billing to electricity consumers by...
Discos’ Debt To NBET Rises To N173bn
Power distribution companies in the country failed to remit a total of N173.35bn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them in the first four months of this year.
The government-owned NBET buys electricity...
Experts Support FG, W/Bank On DisCos’ Audit Before $500m Loan
Experts in the Nigerian Electricity Supply Industry (NESI) have backed the plan of the federal government and the World Bank to run a forensic audit on power Distribution Companies (DisCos) before they could access a...
DisCos’ Revenue Collection Hit N127bn In Q1
Power distribution companies in the country saw their revenue collection rise a record N127bn in the first three months of the year.
The Association of Nigerian Electricity Distributors, which disclosed this in a document obtained by our correspondent, said...
