Electricity Distribution Companies (DisCos) have collected a total of N1.13 trillion from customers during the second and third quarters of The post DisCos collect N1.13tr in six months amid N314.35b revenue shortfall appeared first on The Guardian Nigeria News – Read More
DisCos record N45b revenue shortfall, 81.25% efficiency rate
Latest commercial performance factsheet released by the Nigerian Electricity Regulatory Commission (NERC) has revealed that distribution companies The post DisCos record N45b revenue shortfall, 81.25% efficiency rate appeared first on The Guardian Nigeria News – Nigeria and World News. Powered Read More
Reps launch probe, vow to fix power sector failures
Speaker of the House of Representatives, Abbas Tajudeen, said the parliament is determined to correct 17 years of failures in Nigeria’s The post Reps launch probe, vow to fix power sector failures appeared first on The Guardian Nigeria News – Read More
Yoruba groups hail Lagos new power initiative, demand probe of DisCos
The Coalition of Pan-Yoruba Groups, under the aegis of the Alliance for Yoruba Democratic Movements (AYDM), has commended the decision of the Lagos State Government to officially grant electricity distribution licences to two new companies. The post Yoruba groups hail Read More
Govt allocates N15b for public power consumption legacy debts
The indebtedness of federal ministries, departments and agencies (MDAs) may persist, weighing on the financial crisis in the power sector even as the government has allocated N15 billion as part payment for the legacy debt. The post Govt allocates N15b Read More
How electricity consumers can get reprieve for injustices, complaints
A lot of aggrieved Nigerian electricity consumers are uninformed about how to enforce their rights against Distribution Companies (DisCos) over tariff disputes, service quality complaints and other grievances, such that some usually file charges in court to seek redress. The Read More
NERC extends deadline for meter upgrade to January
The Nigerian Electricity Regulatory Commission (NERC) has extended the deadline for meter upgrades to January 1, 2025. NERC, in a statement on its official X account on Thursday, warned electricity distribution companies (DisCos) to ensure their customers’ meters are upgraded Read More
FG to release $800m for power infrastructure development
The federal government has announced plans to allocate $800 million for the construction of substations and distribution lines under the The post FG to release $800m for power infrastructure development appeared first on The Guardian Nigeria News – Nigeria and Read More
Electricity tariff may spike over weak fiscal position, N2.1tr subsidy
Barring any last-minute intervention, Nigerians will, in two months, start paying the full cost of electricity as the Nigerian Electricity Regulatory Commission (NERC) seeks to eliminate the stabilisation role of the Federal Government to transition the sector’s commercial framework to Read More
NERC urged to enforce refunds for meter purchases
The All Electricity Consumer Protection Forum has called on the Nigerian Electricity Regulatory Commission (NERC) to enforce refunds The post NERC urged to enforce refunds for meter purchases appeared first on The Guardian Nigeria News – Nigeria and World News. Powered by Read More