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...

Discos Lose N366bn To Tariff Hike Postponement   The postponement of the electricity tariff hike shift from April to June is estimated to have cost the 11 Distribution Companies (DisCos) about N366 billion in expected revenue. The Nigerian Electricity Regulatory Commission (NERC) which had planned to approve...

Discos Sue FG Over Business Interference     Electricity distribution companies (Discos) have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power firms. According to the firms, the government, through the Nigerian Electricity Regulatory Commission and other...

In Two Months, Discos Owe NBET N76bn   Power distribution companies in the country failed to pay a total of N76.19bn to the Nigerian Bulk Electricity Trading Plc for electricity sold to them in the first two months of this year. The government-owned NBET buys electricity in...

Recapitalise Discos Or Risk Complete Power Sector Collapse – TCN   The Transmission Company of Nigeria has said the nation’s power sector will collapse completely if urgent steps are not taken to capitalise the distribution companies. The government-owned TCN stated this while announcing a drop in the...

Discos, Gencos Deny Knowledge Of FG’s N200bn Payment   Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days. Group Managing Director, Nigerian National Petroleum Corporation, Mele...