DisCos’ Revenue Rises by 40% to N433bn   Revenues earned by electricity Distribution Companies (Discos) in Nigeria in the second quarter of 2024, spanning April to June, rose almost 40 per cent to N433 billion during the period, on the back of the recent tariff increase...

DisCos Remittance Rate Increases by 27.05% – Report The Nigerian electricity market witnessed a significant improvement in remittance performance by Distribution Companies (DisCos) in the first quarter of 2024, a report released by the Nigerian Electricity Regulatory Commission (NERC), has said. According to the report, DisCos...

DisCos Face New Sanctions as NERC Drives Compliance Framework The Nigerian Electricity Regulatory Commission has disclosed that there will be new sanctions for Discos that failed to meet up some contractual agreements with customers and regulators. In an Order on Performance Monitoring Framework for all the...

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...