Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Electricity Regulatory Commission (NERC)

Discos’ cold feet frustrating MAPs, consumers’ seriousness in accessing meters

Contrary to the well publicised announcement by the Federal Government through the Nigerian Electricity Regulatory Commission (NERC) that access to prepaid meters will begin effective May 1, barely two weeks, logistics problems linked to Discos are frustrating the exercise. In…

May rollout of prepaid meters by MAPs, Discos unrealistic due to logistics—Balogun

Strong indications have emerged showing that it is no more feasible for the nationwide rollout of prepaid meters for electricity consumers by Meter Access Providers (MAPs) and electricity Distribution Companies (Discos). Recall that on April 5, the Nigerian Electricity Regulatory…

Prepaid meters underway in Lagos as Ikeja Disco lists three MAPs for supplies

The recent assurance by the Federal Government through the Nigerian Electricity Regulatory Commission (NERC) that all is set for effective metering of every electricity consumer in Nigeria from May 1, seems set to yielding results. This is promoted by the…

MAP: Pay for meter, get it installed in 10 days from May 1, NERC tells Nigerians

Barring any usual last minute summersault, the Nigerian Electricity Regulatory Commission (NERC) has issued permits to meter asset providers (MAPs) to begin the roll out of new meters by May 1. Analysts say this may be the official response to…

Fresh metering confusion emerges as Discos hand off provision, say MAPs in charge

The Association of Nigerian Electricity Distributors (ANED), the umbrella body of the Discos has given an indication that members of the body are no more responsible for the provision of prepaid meters to electricity consumers. Executive Director, ANED, Sunday Oduntan,…

NERC reveals Discos’ fraud against consumers in estimated billing scheme

The Chairman/Chief Executive Officer, Nigerian Electricity Regulatory Commission (NERC), Prof James Momoh, has opened up on the procedure to be followed to generate bills for yet to be metered electricity customers which had been violated with impunity over the years…

Gas flaring’ll continue as far as no facility to harness it in most oil fields—Owan

The major factor encouraging the continuous flaring of gas in Nigeria’s oil fields remains the inability of oil exploration firms to install infrastructure to harness gas in most of the oil fields in the country. This was the submission of…

Only metering’ll guarantee tariff collection efficiency index for Discos—Expert

Reference to recent third quarter report by Nigerian Electricity Regulatory Commission (NERC), which revealed that the total billing to electricity consumers by the 11 electricity distribution companies (DisCos) was N172.9bn in the third quarter of 2018 but only a total…

Enugu Disco working on template to kill business, life in S’East—Operators

Leading business owners in the South East region of Nigeria have voiced their anger on the ineffectiveness of Enugu Distribution Company (Enugu Disco), saying the region’s economic downturn is linked to steady darkness plunged to it by the Disco throughout…

FG now agrees that Discos failed in key provisions of privatization agreements

Though the federal government had last month shifted the statutory performance evaluation of Discos and Gencos after the initial five years of power privatization to next year, a number of agencies in the sector have come up with facts showing…