DisCos Want CBN Loans, Acquisition Debts Restructured     More than six and a half years after the nation’s power distribution and generation companies were privatised, the core investors in the Discos are looking to restructure the loans advanced to them by banks for the acquisition of...

NASS, Discos Ask FG To Subsidise Electricity Consumption   The National Assembly and electricity distribution companies have asked the Federal Government to subsidise eletricity consumption. The Discos had on Monday told the National Assembly leadership that the only condition to halt tariff hike was for the Federal...

Electricity Tariff Hike To Wait As Gbajabiamila, Lawan Intervene     The 100 per cent hike in electricity tariff slated to commence Wednesday has been put on hold. This follows the National Assembly leadership’s intervention at a meeting with the Electricity Distribution Companies (DisCos), the National Electricity Regulatory...

DisCos Decry Attempt By NERC To Dissociate From Increase In Electrify Tariff     The Electricity Distribution Companies (DisCos), have decried the attempt by the Nigerian Electricity Regulatory Commission (NERC), to distance itself from the July 1 commencement of increase in electricity tariff from July 1. The position...

We Lose N30bn Monthly To Vandalism, Theft, Others – Discos   Electricity distribution companies have said they lose over N30bn of their monthly revenue due to cases of energy theft, meter bypass, vandalism and unpaid electricity bills by consumers. Speaking under the aegis of the Association of...

N1.8trn Fund: We Received Only N58bn - Discos     Electricity distribution companies on Wednesday claimed that out of the N1.8tn intervention fund so far injected into the power sector, they only accessed N58bn from the Central Bank of Nigeria’s N213bn loan facility. The Discos said the N58bn...