Business Hilights

Tracking Nigeria's Headline Business News Online

Sunday Oduntan

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 mock FG over rumours to payoff current investors with N736bn

In what may suggest hide and seek game between the Federal Government and current investors in electricity distributors, the Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, has ruled out possibilities of revoking Discos’ licences…

Blame game deepens as Discos trace grid collapse back to TCN’s transmission lines

Barely one week after the management of Transmission Company of Nigeria (TCN) blamed the 11 electricity Distribution Companies (Discos) for all the recorded collapse of national grid this year, Association of Nigerian Electricity Distributors (ANED), the umbrella body of Discos…

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,…

Discos void Minister’s comments, accuse him of distortion of industry facts

Following last week’s revelations by the Minister of Power, Works and Housing, Mr. Babatunde Fashola that key part of 11 Discos deal when PHCN was unbundled was the provision of meters to consumers’, the Executive Director, Research and Advocacy, Association…

Addressing the four million metering gap in Nigeria’ll cost N299bn—ANED

The leadership of the Association of Nigerian Electricity Distributors (ANED), an umbrella body for all the Discos, has opened up on why power distribution companies cannot meter Nigerian electricity users according to the provisions of their agreement with the federal…

ANED accuses Gencos, NBET of over-invoicing energy charges to Discos

Association of National Electricity Distributors (ANED), an umbrella body for the Discos, has raised fresh alarm over how Nigerian Bulk Electricity Trading Company (NBETC) is conniving with power Gencos to issue invoices that had higher capacity charges than energy charges…

Escrowing Discos accounts contrary to power sector reform Act, policy—ANED

More rejections have continued to trail the planned escrowing of accounts of power distribution firms and their Gencos counterparts, but several industry experts have mounted pressure against the plan. Sunday Oduntan, Executive Director, Association of Nigeria Electricity Distributors (ANED), said…

N152.16bn loan owed by power investors frustrating moves for fresh facility

The Association of Nigerian Electricity Distributors Power (ANEDP), lead group for power distribution companies in the country has cried out to government and chronic debtors that their greatest impediments towards accessing additional bank loans remains the backlog of N152.16b owed…

FG may have not released half of the N50b appropriated for transmission in 2016 —ANED

Facts are beginning to come up on why the Transmission Company of Nigeria (TCN) may have been running from pillar to post looking for funding in the last one year for its activities. The Director, Advocacy and Research at Association…