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...

Discos: We Need N8.7bn To Meet NERC’s Order     Power distribution companies on Wednesday announced that they would require N8.7bn in order to comply with the revenue remittance order set by the Nigerian Electricity Regulatory Commission. The power firms urged the National Assembly to intervene in the...

DisCos Commend FG On Power Sector Loan   The power Distribution Companies (DisCos) have lauded the federal government on the move to get a $3 billion (about N1.1 trillion) loan from the World Bank to fix the power sector liquidity crisis. Executive Director of the Association of...

Discos Map Out N935bn Investment Plans Power distribution companies are set to invest N935bn in their networks as calls for the recapitalisation of Discos heighten. A total of N935bn is to be invested in power distribution networks across the country by electricity distributors following persistent calls...