Ekiti State, in South West Nigeria, has issued licences to three electricity distribution companies (DisCos), four generation companies (GensCos), and two mini-grid generation companies as part of its plans to implement an off-grid electricity supply system. Governor Biodun Oyebanji made…
Electricity Distribution Companies (DisCos) in Nigeria have announced revised prices for various electricity meter models, marking the second price hike in four months. According to the DisCos, the cost of a single-phase meter has risen from approximately N117,000 to as…
Governor Ademola Adeleke has interfaced with the Federal Government and the Electricity distribution companies (Discos) to identify means to resolve the 15years darkness that has befell Olode garage in Ile-de, Osun State. Governor Adeleke who recently passed through the border…
Despite a gradual increase in efficiency in bill collection, the debt profile of Nigerian electricity users stands at N385.7 billion as of 2023. This was revealed in the annual report and accounts by the Nigerian Electricity Regulatory Commission (NERC).…
The Nigerian Electricity Regulatory Commission’s (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract with energy generation companies (GenCos) has sparked significant controversies in the power sector. This is even as Nigerians will pay…
By Seun Ibiyemi Despite blackouts in some parts of the country, the electricity distribution companies in Nigeria generated revenue of N291.62bn in the first quarter of 2024. This was even as the nation lost 673 megawatts of power generation capacity…
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 signed…
A High Court in Lagos has issued an interim order preventing 10 electricity distribution companies (DisCos) and the Nigerian Electricity Regulatory Commission (NERC) from increasing tariffs. Presiding Judge Lewis Allagoa granted the ex parte order on Monday, June 10. According…
Power Distribution Companies (Discos) are reportedly contemplating widespread disconnections of several companies and factories, fearing substantial losses estimated in billions of naira. Recall that following the surge in electricity tariffs for Band A customers in the nation from N66/kWh to…
By Matthew Denis Respite is on the way in the power sector as the Federal Government has borrowed a whopping sum of $500 million from the World Bank to strengthen electricity distribution in the country. This was disclosed in a…
