Business Hilights

Tracking Nigeria's Headline Business News Online

Association of Nigeria Electricity Distributors (ANED)

Power hits 7001MW, all time high, but evacuations remain poor

The irony of Nigeria’s power crisis stemmed from the veiled truth that Africa’s largest economy now has the capacity to produce more power than it can distribute. This is based on the fact that since September 12 this year (2017),…

Escrowing Discos accounts contrary to power sector reform Act, policy—ANED

More rejections have continued to trail the planned escrowing of accounts of power distribution firms and their Gencos counterparts, but several industry experts have mounted pressure against the plan. Sunday Oduntan, Executive Director, Association of Nigeria Electricity Distributors (ANED), said…