Investors in the Nigeria’s power industry have picked holes in the planned N701 billion power intervention fund by the Federal Government.
They declared that the fund had the potential to worsen revenue shortfalls rocking the industry. Executive Director, Research and Advocacy for the umbrella body...
The 11 electricity Distribution Companies (DisCos) operating in Nigeria have not settled a debt of N243bn for power supplied by 25 Generating Companies (GenCos) as at the end of 2016.
Latest data released by the National Bureau of Statistics (NBS) indicated that DisCos paid N88...
The Nigerian Electricity Regulatory Commission (NERC) has said many factors are responsible for tariff review in the country bi-annually.
A statement by Dr Usman Arab, NERC’s Head of Public Affairs, in Abuja said the allegation that the commission always sided with operators on tariff issues was...
The Nigerian Electricity Regulatory Commission (NERC) has issued notice to the 11 Distribution Companies (DisCos), giving them till February 28, 2017 to deploy meters to all their Large Power Users (LPU).
Defaulters, it said will come under its sanctions from March 1st.
The Commission, in June...
An updated metering report in the power sector has said only 161,640 customers got meters between January and October 2016.
Most of the 11 electricity Distribution Companies (DisCos) may not attain their annual target of installing 100,000 meters this year due to foreign exchange crisis...
Should the lull in power supply persist, the sector’s revenue loss will be about N809.8 billion by next January, the Executive Secretary, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, has said.
Besides, payment for electricity bills has fallen substantially as only 35 per cent...
