Business Hilights

Tracking Nigeria's Headline Business News Online

Distribution Companies (Discos)

Without Discos investing in infrastructure, steady electricity’ll be elusive—TCN

The only guarantee to end incessant collapse of electricity distribution networks across the nation as a result of the rainfall and obsolete infrastructure being experienced nationwide remains massive investment in infrastructure by distribution companies (Discos). This is, and has been…

Estimated billing: Discos don’t lose money when supply deteriorates—Findings

A report released by Business Hilights Intelligence Unit (BHIU), an independent research arm of Media Hilights Integrated Company Limited, publishers of Business Hilights, has revealed that contrary to insinuations that whenever electricity supplies drop, Distribution Companies (Discos) are at loss,…

NERC to limit estimated billing by Discos to tame delays in metering customers

In view of barrage of complaints over crazy estimated bills meted out to electricity consumers by Distribution Companies (Discos), the industry regulator, Nigerian Electricity Regulatory Commission (NERC) is considering putting limits on estimated billing. Details of the new plan as…

11 DisCos in need of N1.5trn for new transformers, injection substations—TCN

The Managing Director of Transmission Company of Nigeria (TCN), Mr. Usman Gur Mohammed, has disclosed that all the 11 Distribution Companies (DisCos) operating in Nigeria are currently shopping for $4.262 billion (about N1.549 trillion) funding for new transformers and injection…

Distribution remains Nigeria’s weakest link in electricity value chain—Minister

The Minister of State for Power, Works and Housing, Mr. Suleiman Hassan has brushed aside, the claims of electricity Distribution Companies (Discos) that the key challenge facing them is shortfalls in transmission segment of the power value chain. In an…

Rising cases of electrocution in Nigeria raises competency crisis amongst Discos—NEMSA

Between January and March this year, 22 Nigerians have been pronounced dead due to faulty distribution lines managed by electricity Distribution Companies (Discos). Whereas six of the dead were maintenance staff of Discos (names with held), the 16 are citizens…

FG’s resolve to invest N39m on electric meter manufacturing means failure of Discos

Analysts in Nigeria’s power sector have roundly described the new plan of the federal government to invest in electric meter manufacturing companies as a clear acceptance of failure and managerial incapability of power Distribution Companies (Discos). It would be recalled…

Unsteady electricity linked to lack of N73bn to distribute stranded 2,000MW—Minister

Fresh revelation has emerged from the minutes of the 23rd monthly meeting of the Minister of Power, Works and Housing, Babatunde Fashola, with operators of the power sector, saying Distribution Companies (Discos) in Nigeria is in need of about N73bn…

MAN discussing with FG on taking power directly from Gencos— Ajayi-Kadiri

A new power distribution template that will bypass Distribution Companies (Discos) and link electricity directly from generation Companies (Gencos) to members of the Manufacturers Association of Nigeria (MAN) is being presently worked out. In an interview, the Director General of…

CBAs in Lagos give conditions for electricity tariff hike in protest match

Ahead of growing plans between the federal government and power Distribution Companies (Discos) to hike electricity tariff soon, three Community Based Associations (CBAs), Democratic Socialist Movement (DSM), Ajegunle People Movement (APM) and Surulere Community Association (SCA), have matched in Lagos,…