CBN, FIRS To Verify Financial Documents Of 8 Discos   In line with its ongoing scrutiny of the operations of electricity distributions companies (Discos), the Nigerian Electricity Regulatory Commission (NERC) has disclosed that the Central Bank of Nigeria (CBN) and the Federal Inland Revenue Services (FIRS)...

Licence Cancellation: FG Gives Discos Dec. 7 Deadline, NERC Says Power distribution companies have till December 7 to submit their written responses providing reasons why their licences should not be cancelled, the Nigerian Electricity Regulatory Commission declared on Tuesday. In an updated document on the notice...

Discos: We Need N8.7bn To Meet NERC’s Order     Power distribution companies on Wednesday announced that they would require N8.7bn in order to comply with the revenue remittance order set by the Nigerian Electricity Regulatory Commission. The power firms urged the National Assembly to intervene in the...

TCN May Sue NERC For Transferring 132kV Customers To Discos   The Transmission Company of Nigeria (TCN) has disclosed that it may institute a legal action against the Nigerian Electricity Regulatory Commission (NERC) for ceding electricity consumers on the 132 kilovolt (kV) power line to electricity...

FG May Revoke Abuja, Seven Discos’ Licences   The Federal Government may cancel the licences of eight power distribution companies as the Discos breached some provisions of the Electric Power Sector Reform Act in July 2019. According to the Nigerian Electricity Regulatory Commission, the eight power firms...

IKEDC To Invest N105bn In Power Network   Ikeja Electricity Distribution Company (IKEDC) plans to invest N105bn in its network in the next five years; figures released by the Nigerian Electricity Regulatory Commission on Wednesday have shown. In its draft Performance Improvement Plan submitted to the NERC,...