Discos Revenue Rise by 61.4% After 230% Electricity Tariff Hike   Revenues earned by electricity Distribution Companies (Discos) in Nigeria have risen by over 61.4 per cent after the Nigerian Electricity Regulatory Commission (NERC) approved a 230 per cent tariff increase for Band ‘A’ customers nationwide...

40% of Nigerians Enjoy 20 hours Electricity Supply Daily – Power Minister The Minister of Power, Adebayo Adelabu, has said that more than 40% of Nigerians now enjoy over 20 hours of electricity daily. He said this in a statement on Sunday detailing a review of...

Electricity Consumers Owe DisCos N385.7bn   Electricity consumers across the country failed to pay the sum of 385.73bn electricity bills issued to them in 2023. According to the 2023 annual report and accounts of the Nigerian Electricity Regulatory Commission (NERC), the DisCos collected N1bn out of the...

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...

Nigeria Exports N58.65b Electricity in Q1 2024 In the First Quarter 2024 Q1, Nigeria exported N58.65 billion electrical energy to African countries. The National Bureau of Statistics (NBS) made this known in its document titled: “Foreign Trade in Goods Statistics (Q1 2024).” A section of the report...

Enforce ‘No-meter, No-service’ Policy on New Electricity Connections, States tell FG State governments have urged the Federal Government (FG) to enforce a “no-meter, no-service” policy for all new electricity connections in an effort to tackle the metering issues within Nigeria’s power sector. This call to action...