N1.02trn Power Bailout Funds fail to Lift sector The Federal Government has committed the sum of N1.023 trillion in bailouts in the form of low interest loans and grants to Nigeria’s power sector within the last three years yet the country is unable to witness...

Auditors Report Huge Loss, Fear Collapse Of DisCos   Financial auditors engaged by some of the electricity Distribution Companies (DisCos) such as PriceWaterhouseCoopers (PWC) and Deinde Odusanya and Co have expressed uncertainty over the continued existence of the companies as they declared huge operation losses in...

DisCos Owe N112bn For Electricity, Fail Loss Reduction Target In Q1 2018   The 11 electricity Distribution Companies (DisCos) owe N112 billion as debt for energy delivered to their networks in the first three months of 2018 but failed to meet their losses reduction target, a...

NERC Begins Process for Electricity Power Tariff The Nigerian Electricity Regulatory Commission (NERC) is shopping for consultants it will engage within a month to determine the rate of affordability of the present tariff paid by consumers across the 11 Electricity Distribution Companies (DisCos) and four...

Power Failures: Oyo-Ita Blames Discos The Head of Civil Service of the Federation, Mrs. Winifred Oyo-Ita, has heaped the blame for persistent power failures in homes across the country on the electricity distribution companies. She accused the firms of not living up to expectations. yo-Ita said this...

Fashola - FG To Complete 190 Transmission, Distribution Projects   The federal government is working on commissioning about 190 transmission and distribution projects just as the minister of Power, Works and Housing, Mr Babatunde Fashola has tasked the Distribution Companies (DisCos) on improving their networks. Fashola disclosed...