DISCOs

Electricity Distribution Companies (DisCos) on Monday, reported loss of power supply to their customers as a result of a fresh collapse of the national grid. The grid experienced a fresh shutdown, slashing power generation to 64.70…

The Federal Government (FG) has said Distribution Companies (DisCos) found wanting of non performance is at the danger of revocation of their license. It has been alleged that findings revealed that some distribution companies were…

Power Distribution Companies (DisCos) have resorted to rationing as data revealed that Nigeria is currently experiencing almost 16, 000megawatts power deficit despite having so far; issued generation licenses to 40 Generation Companies…

The Ministry of Finance Incorporated (MOFI) has restructured and fully taken control of the federal government's 40 percent equity holding in the 11 privatised successor electricity distribution companies (DISCos) of the defunct Power…

Eleven successor electricity companies have applied for a review of their respective electricity tariffs, the Federal Government has disclosed. Disclosing this through a notice published by the Nigeria Electricity Regulatory Commission…

An estimated 12.792 million registered consumers paid at least N1.367 trillion as charges for power supply to them by the 11 Distribution Companies (DisCos) within 23 months – from November 2020 to September 2022. According to an…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose Tuesday in opposition of another round of lockdown of the economy which will be disastrous for the nation despite the spike in the cases of the second wave of…

To promote a constructive conclusion of the dialogue with the labour unions, the Minister of Power, Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies(DISCOs) to…

The Central Bank of Nigeria (CBN) has banned the importation of fully assembled electricity Meters into the country with effect from October 1, 2020. The prohibition is contained in the new guidelines released on Monday by the apex…

The Nigerian Electricity Regulatory Commission (NERC) has directed the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 tariff increase for 14 days. The commission’s suspension directive of the Multi-Year Tariff …