Business Hilights

Tracking Nigeria's Headline Business News Online

electricity Distribution Companies (Discos)

Discos’ demand for subsidy: Another boil in the buttocks loading?

As Nigeria and Nigerians still remain confused on the real status of the endless removal of fuel subsidy, storng indications have emerged showing that another avoidable regime of subsidy is loading in the nation’s electricity sector. This stemmed from the…

Discos: On FG’s forensic audit order and repairs surreptitiously done by customers’

Granted that the National Economic Council (NEC) rose from its Thursday last week’s meeting and ordered a forensic audit of all the electricity Distribution Companies (Discos) in the country, particularly their bank accounts, the fact remains that majority of Discos’…

(Special Report) Revocation of Discos’ licences very close by

Going by the strong signals transmitted from this week’s Federal Executive Council (FEC) meeting on Wednesday, announcement of the revocation of electricity distribution companies (Discos) licenses any moment from now would not be any surprise to Nigerians. This assumption stemmed…

FG’s hike in electricity tariff by 50% worrisome without commensurate power

Strong indication has suggested that directive from the Nigeria Electricity Regulatory Commission (NERC) to electricity Distribution Companies (DisCos) ordering them to hike their tariffs by an average of 50 per cent come April 1 is a way of running away…

Two Discos promoting estimated billing than prepaid meters identified

Two Nigerian electricity Distribution Companies (Discos), the Eko Electricity Distribution Company (Eko Disco) in Lagos and the Enugu Electricity Distribution Company (EEDC), have been identified by their numerous customers as deliberately frustrating the intention of the government in metering consumers….

NERC, ANED may clash over programmed delay in metering next month

Whereas new regulation due from Nigerian Electricity Regulatory Commission (NERC) from February is expected to enforce metering for electricity consumers, signals from the umbrella body of electricity distribution companies (DisCos), the Association of Nigerian Electricity Distribution Companies (ANED), indicate lack…

Discos’ achieving revenue targets on estimated billing killing MAP scheme

Contrary to the mindset created by electricity Distribution Companies (Discos) that paucity of fund is derailing speed in the delivery of prepaid meters to Nigerian electricity consumers’ across the nation, an expert has disclosed that setting and achieving of revenue…

Discos’ metering capacity limited by allowable Capex in MYTO—PwC

Fresh fact has emerged on why electricity Distribution Companies (Discos) across the country, have continued to fall short of expectations in metering all their customers in record time upon signing onto Performance – Agreement to ensure that the gap in…

Time up for 8 Nigerian Discos as licence revocation hammer dangles

Exactly one month today, December 7, 2019, it is either all the Electricity Distribution Companies (Discos) had shaped in or on their various way out as the sledge hammer of the Federal Government started dangling from last month following the…

Ghana sacks Discos over poor performance, financial irregularity

At a time the Nigerian government is playing hide and sick with electricity Distribution Companies (Discos) upon sustained poor quality of services in more than five years of concession; the Government of Ghana has terminated the Concession Agreement with the…