DisCos
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Business
House of Reps proposes N500 billion capital requirement for DisCos
The House of Representatives has proposed that electricity distribution companies (DisCos) must have a minimum capital base of N500 billion…
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Business
Electricity consumers frustrated as DisCos hike prices of prepaid meters
On Monday, November 11, 2024, electricity consumers in the Federal Capital Territory (FCT) voiced their frustration after Electricity Distribution Companies…
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Business
Discos rake in N291 billion despite unstable power supply nationwide
Nigeria's electricity distribution companies (Discos) made N291.62 billion in the first quarter of 2024, despite a severe power crisis in…
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Business
FG frees GenCos others from Withholding Tax
The Federal Government has grouped all electricity companies together, including the Generation and Distribution Companies (GenCos and DisCos), and exempted…
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Business
Discos generate N293bn despite blackout
Power distribution companies made a total of N292.71bn revenue in the first quarter of this year despite complaints of inadequate…
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Business
TCN and DISCOs dispute over decrease in 20-hour power supply amid tariff hike
As frustration grows among Band A customers due to the inability of Electricity Distribution Companies (DisCos) to fulfill the promised…
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Business
DISCOs generated N294.9bn in Q4 2023 – NBS
The National Bureau of Statistics (NBS) disclosed that Electricity Distribution Companies, DISCOs, in Nigeria generated a total of N294.95 billion in…
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Business
Revoke licenses of non-performing Discos – FG
The Federal Government has ordered Nigerian Electricity Regulatory Commission, NERC, to revoke the licenses of electricity distribution companies, DISCOs, and…
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Nigerian News
Minister of Power meet GenCos, DisCos over blackout
As the power situation in the country continues to raise concerns, the Minister of Power, Bayo Adelabu, held a meeting…
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