Senate Intervenes as FG's Debt to Egbin Power Rises N1.6tn The Senate Committee on Privatisation has pledged to address the N1.6tn debt owed to Egbin Power Plc by the Federal Government. The Chief Executive Officer of Egbin Power Plc, Mokhtar Bounour, earlier disclosed in March that...

Electricity Subsidy Hits N1.91tn in 11 months The monthly spending of the Federal Government on electricity subsidy obligation has reached N1.91tn in the first 11 months of 2024, a new report by the Nigerian Electricity Regulatory Commission (NERC) has disclosed. It also stated that power distribution...

Discos Kick as Reps Demand N500bn Investment or Exit The House of Representatives on Wednesday called for a minimum of N500 billion recapitalisation threshold for the 11 Electricity Distribution Companies (DisCos) in the country to remain operational. In response to this, DisCos have listed the conditions...

NERC Directs DisCos to Provide Free Replacement for Old Meters The Nigerian Electricity Regulatory Commission (NERC) has directed distribution companies (DisCos) to replace obsolete meters for their customers at no cost. This mandate was outlined in a statement released by the regulatory body’s management on Monday. The...

Consumers React as Discos Meter Price Rises by 28% Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months. Power consumers kicked against the development, describing it as “wicked”, considering the...

FG Fails to Pay Electricity Subsidies on Band B to E - Discos Electricity distribution companies in Nigeria have said that the Federal Government has not been fulfilling its promise to pay the cost of subsidising the electricity consumed by customers on Band B to...