GenCos, DisCos, Others Exempted from Withholding Tax The federal government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the payment of Withholding Tax in the country. This was contained in the new Withholding Tax regulation document...

Band A: DisCos Monthly Revenue Soars by 42.29% to N142.92bn The revenue collected by electricity distribution companies, DisCos, increased significantly by 42.29% to N142.92 billion in April 2024, following the hike in electricity tariffs for approximately two million customers in Band A. The revenue in...

Electricity Consumers Rise 9.5% to 12.33m in Q1 2024, Says NBS The National Bureau of Statistics report revealed that the number of electricity consumers in Nigeria rose by 210,000 from 12.12 million in the fourth quarter of 2023 to 12.33 million in the first quarter...

Outstanding Bill: DisCos Threaten to Disconnect Customers, Give Deadline The Electricity Distribution Company (AEDC), has threatened to disconnect customers who fail to pay their outstanding bills, latest by June 3, 2024. The threat is contained in a statement issued by the company on Friday. According to the...

Power: Discos Rake in N5bn Revenue in 2024 The electricity distribution companies monthly revenue increased from N95bn in January to N100bn in March 2024 amid complaints of low power generation. According to data released by the Nigerian Electricity Regulatory Commission, N97bn revenue was generated in February. The...

DisCos Generate N1.1tn in 2023 The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained from the Nigerian Electricity Regulatory Commission on Wednesday showed. An analysis...