Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Electricity Regulatory Commission (NERC)

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)…

FG weighing withholding N100bn power support fund till after 2019 BPE review

Strong indications emerged Wednesday that the federal government may be considering holding back the planned release of N100bn power sector support fund pending when it has completed a major review and assessment of the activities of players by next year….

5 years after privatizing power sector, Nigerians, players in serious dilemma

Far away in November, 2013, the federal government unbundled the entire power sector into three key segments including generation, transmission and distribution. Whereas government retained the management of transmission, it handed over both generation and distribution to private sector that…

Review power firms’ performance now, not next year, consumers tell FG

Barely 24 hours after the Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, disclosed this in a statement that the agency will review the performance of the electricity distribution companies carved out of the defunct Power Holding Company of…

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…

‘Discos foot-dragging in sealing partnership with MAPs for meter access’

A secret has been revealed by a top official of out of the 85 Meter Asset Providers (MAPs) on the grand plan by many of the electricity distribution companies (Discos) to frustrate the needed partnership with MAPs in the efficient…

EKEDC claims of 82.3% prepaid meter coverage questionable—customers

Following recent claims by the Chief Legal Officer, Eko Electricity Distribution Company (EKEDC), Mrs. Wola Joseph-Ojoye that her company has attained about 82.3 percent metering success, a lot of unmetered customers have dismissed the claims, saying the company remains the…

Darkness imminent as Gencos plot force majeure on N600bn debt, NBET issue

In view of the volume of debts rising to N600bn owed electricity generation companies (Gencos), they are currently weighing the declaration of inability to continue business which will translate to nationwide blackout. A top official of the group confided in…

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…