Business Hilights

Tracking Nigeria's Headline Business News Online

electricity Distribution Companies (Discos)

‘Lack of commensurate investments by Discos frustrating FG’s grid expansion drive’

The Federal Government has observed that the observed lack of commensurate investment in distribution network by electricity distribution companies (Discos), remains a stumbling block in the expected results from the massive expansion of power transmission grid. Before now, government had…

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,…

Discos breaching applicable regulations in estimated billing procedure—NERC

…Firms failed in meeting prepaid metering target in 5 years Fresh report coming from monitoring exercises carried out by the Nigerian Electricity Regulatory Commission (NERC) on the way and manner used by electricity Distribution Companies (Discos) in the implementation of…

Plan to shift review of Discos’ performance next year policy summersault—NUEE

Barely one week after the federal government through the Bureau of Public Enterprises (BPE), gave an indication of shifting the first statutory review of performance of electricity Distribution Companies (Discos) to next year, the National Union of Electricity Employees (NUEE)…

Confusion as Discos yet to seal prepaid meter supply deal with any MAP

Whereas the number of approved Meter Asset Providers (MAPs) kept rising, strong indication has emerged revealing that none of the electricity Distribution Companies (Discos) is yet ready to seal memorandum of understanding (MoU) with any of the metering firms. Only…

Electricity consumers’ group decries Discos’s snail speed in metering customers’

President, Electricity Consumers Association of Nigeria (ECAN), Mr Chijioke James has decried the unsustainable speed applied by electricity Distribution Companies (Discos) in the delivery of prepaid meters across the country. Making reference to a new report by the Nigerian Electricity…

Elumelu hits back at Discos, calls for new investors

Chairman of United Bank for Africa (UBA) Plc and Transnational Corporation Plc, Mr. Tony Elumelu, has observed poor services delivery and asked the Federal Government to immediately review the entire process that lead to the emergence of current service providers….

Confusion as two figures emerge on FG’s debt to Discos

Disquiet is brewing between the Ministry of Power, Works and Housing and electricity Distribution Companies (Discos) over the exact amount owed by Ministries, Departments and Agencies (MDAs). Whereas the Discos say their total debts remain N90bn, the Minister, Mr. Babatunde…