Manufacturers Push for DisCos Review Amidst Proposed Tariff Hike
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to review the performance of electricity distribution companies in light of their investment in distribution infrastructure, following reports of a planned increase in electricity...
DisCos Pay TCN N137bn Amid Persistent Grid Collapses
The 11 electricity distribution companies (DisCos) operating in the country paid a total of N137.06 billion to the Transmission Company of Nigeria (TCN) in the first nine months of 2024 as transmission and administrative charges, despite the...
DisCos Generate N466bn in Q3 as FG Shoulders N464bn Subsidy
The federal government incurred the sum of N464.12bn as subsidy payment in the electricity sector for the third quarter of 2024, a report by the Nigerian Electricity Regulatory Commission (NERC) showed.
The report stated that the...
DisCos’ Revenue Collection Efficiency Drops by 4.76% in Q3 2024
The Nigerian Electricity Regulatory Commission (NERC) has reported a decline in the revenue collection efficiency of Distribution Companies (DisCos) for the third quarter of 2024.
The efficiency rate decreased by 4.76 percentage points, dropping from 79.31%...
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...
