Business Hilights

Tracking Nigeria's Headline Business News Online

NERC

Discos working with agencies to kill eligible customer licencing scheme—MAN

Speculations are rife that some electricity Distribution Companies (Discos) are colluding with relevant agencies of the government to frustrate the speed of approval and commencement of the for eligible customer regulations of the Nigerian Electricity Regulatory Commission (NERC). Already, the…

We’ll end Discos’ customer-metering slipperiness with deadline soon—NERC

Strong indications have emerged revealing that the Nigerian Electricity Regulatory Commission, (NERC), may have observed that all the Electricity Distribution Companies (Discos), are deliberately delaying the metering of their customers with prepaid. Chairman of the federal agency, Prof. James Momoh,…

Power consumers seek reversal of estimated bills, prepaid meters in petition to NASS

Few days after the Ikeja Electricity Distribution Company (IKEDC) launched what it called Whistle Blowing Policy to protect its installations and infrastructure, electricity users, under the aegies of Joint Action Congress of Electricity Distribution Consumers Right have petitioned the company,…

10 months after caution, Discos still charge communities, streets for faults repairs

Findings by Business Hilights across the federation and Lagos State in particular show that communities and mainly streets are still surreptitiously pressured by Power Distribution Companies (Discos) to contribute fund for repairs of installations and changing of collapsed eclectic poles…

NERC mulls new rules, capital limits for power sector investors to tame poor deliveries

Considering observed failures and poor growth in the power sector, the Nigerian Electricity Regulatory Commission (NERC), will soon rollout new recapitalization guidelines that must be met by prospective investors in the power sector. Having indentified paucity of fund as a…

Regulatory Commissioner traces weak power sector coordination to low electricity supply

The Commissioner, Engineering Standards and Safety of the Nigerian Electricity Regulatory Commission (NERC), Prof. Frank Okafor has argued that the intractable instability of power is rooted in the sector’s poor coordination and noted that electricity supply will remain epileptic pending…

Gas pricing remains a major issue in the performance of Gencos, Discos—BPE

The Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Onome Akpotaire has observed that gas pricing was a major issue in the electricity distribution chain, as most of the generating plants in the country were gas…