DisCos Lost N931bn In 4 Years – PwC   Electricity distribution companies in the country posted a total loss of N931bn from 2014 to 2017, PwC Nigeria has said. Partner and Chief Economist, PwC Nigeria, Dr Andrew Nevin, said the Discos had continued to report losses, adding...

Discos Reject 8,848MW Of Electricity In A Week   Power distribution companies in the country left a total of 8,848.24 megawatts of electricity unused in one week, latest data from the Transmission Company of Nigeria have shown. The amount of power unutilised by the 11 Discos stood...

Strike: Discos, Gencos Keep Mute As FG Officials Meet   Officials of the Federal Ministry of Power on Wednesday held a meeting to discuss the way forward on the 21-day strike notice issued by the National Union of Electricity Employees to the Federal Government and power...

DisCos Owe NBET N322bn In 8 Months   Power distribution companies failed to pay a total of N322.14bn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them from January to August this year. The government-owned NBET buys electricity in bulk from generation companies...

CBN, FIRS To Verify Financial Documents Of 8 Discos   In line with its ongoing scrutiny of the operations of electricity distributions companies (Discos), the Nigerian Electricity Regulatory Commission (NERC) has disclosed that the Central Bank of Nigeria (CBN) and the Federal Inland Revenue Services (FIRS)...

Licence Cancellation: FG Gives Discos Dec. 7 Deadline, NERC Says Power distribution companies have till December 7 to submit their written responses providing reasons why their licences should not be cancelled, the Nigerian Electricity Regulatory Commission declared on Tuesday. In an updated document on the notice...