The Nigerian Electricity Regulatory Commission (NERC) has reported a decline in the revenue generated by power distribution companies (DisCos), with total collections dropping to N208.78 billion in November 2025. This figure represents a 1.01 percent decrease from the N210.92 billion recorded in October 2025, highlighting a slight setback in the sector’s financial performance despite an […]
The Federal Government has banned electricity distribution companies (DisCos) and installers from collecting payments for meters, warning that any official found extorting customers will be prosecuted. The Minister of Power, Adebayo Adelabu, gave the warning on Thursday during an inspection of newly imported smart meters at APM Terminals, Apapa, Lagos. He said the meters […]
The Nigerian Electricity Regulatory Commission (NERC) says power distribution companies (DisCos) generated N196.26 billion in revenue in September. The commission released the figures in its ‘DisCos Commercial Performance Fact Sheet’ for the month. According to the report, the September revenue represents a 2.69 percent increase from the N191.11 billion collected in August. NERC said the […]
The House of Representatives Public Accounts Committee has summoned 11 electricity distribution companies (DisCos) over a debt of N2.6 trillion owed to the federation account. The resolution was adopted on Wednesday during an investigative hearing chaired by Bamidele Salam, following a review of the 2021 Auditor-General’s report. At the session, Johnson Akinnawo, managing director of […]
Electricity distribution companies (DisCos) say customers across Nigeria are threatening to stop paying their bills following a recent electricity tariff cut in Enugu State — a move they claim could destabilise the entire power sector. On July 21, the Enugu Electricity Regulatory Commission (EERC) slashed the Band A tariff from N209 to N160/kWh, prompting growing […]
BY MOTOLANI OSENI Revenue collection by Nigeria’s Electricity Distribution Companies (DisCos) dropped sharply in the first quarter of 2025, despite a significant increase in customer billing, reflecting persistent inefficiencies in payment recovery across the sector. Data from the Nigerian Electricity Regulatory Commission (NERC) revealed that the 12 DisCos collectively billed customers N761.91 billion between January […]
By Ukpono Ukpong As part of efforts to maximise electricity supply from Distribution Companies (DisCos) to serve the consumers better, The Electricity Hub (TEH) has hosted its 79th power dialogue with the theme – ‘Improving DisCos’ Performance Using Smart Technology’, in Abuja. The dialogue had Prof. Frank Okafor, CEO of Ogida Power; Mrs. Onyinye Anene-Nzelu, […]
By Godwin Anyebe Power consumers across the country have kicked against the quietly increased power tariff by Electricity Distribution Companies (DisCos). Although most of the Discos did not make this public, electricity users have described it as “a perfect robbery” amidst the harsh economic realities in Nigeria currently. Reacting to the price hike, a resident […]
The Federal Government has announced that it has successfully completed the takeover of struggling distribution companies, including Kaduna, Kano, Ibadan and Port Harcourt DISCOs This was announced by the Director-General of the Bureau of Public Enterprise, Mr Alex Okoh while briefing the National Council on Privatisation (NCP) chaired by Vice President Yemi Osinbajo on the […]
The Federal Government has announced the restructuring of five electricity distribution companies, also known as DIsCos, in the country. This was contained in a statement jointly signed on Tuesday by the Executive Chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, and Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh. According to […]
By Kingsley Chukwuka The management of Jos DISCO on Tuesday said it spent N1,450, 000, 000 (one billion, four hundred and fifty million naira) to procure 20,000 meters out of which it has received a delivery of 6,000, Daily Times gathered. The electricity company said the meters will be delivered to its franchise states of […]
A group, Landlords and Tenants Association of Nigeria, has called on the Federal Government to order electricity distribution companies (Discos) to reverse the increase in tariff. READ ALSO: EDITORIAL: No to hike in fuel price, electricity tariff Daily Times Nigeria gathered that the association who briefed newsmen during the weekend in Ijora-Badia, Lagos State, also […]
Power Distribution Companies (DisCos) is seeking Central Bank on Nigeria-funded massive meter rollout project to ensure electricity customers are adequately metered. The intervention they say will prepare Nigerians in advance of the full take-off of the proposed Service Reflective Tariff (SRT). Speaking on behalf of the DisCos at the House of Representatives public hearing on […]
…Demanding reversal of power sector privatisation The Nigeria Labour Congress (NLC) has commended the Senate for calling off the threat by Electricity Distribution Companies (DisCos) to hike the electricity tariff and also demanding reversal of Nigeria’s power sector privatisation programme. In a statement sent to the Daily Times, the NLC President, Ayuba Wabba, said that […]
The leadership of the National Assembly, on Monday, waded into the controversy on the planned hike in electricity tariffs from July 1st, 2020 and succeeded in convincing the Distribution Companies (DisCos) to defer the plan till the first quarter of 2021. The President of the Senate, Ahmad Lawan, the Speaker of the House of Representatives, […]
Although it has agreed with the federal government to provide two months free electricity to Nigerians, the Association of Nigerian Electricity Distributors (ANED) has clarified that there are certain conditions to be met for it to fulfil its own part of the agreement. This was contained in a statement by Barr. Sunday Oduntan, Executive Director, […]
The Electricity Distribution Companies (DisCos) announced that they have agreed with the Federal Government to provide a two-month rebate of free electricity to their customers all over the country. In a statement on Wednesday by the Executive Director, Research and Advocacy at the Association of Nigerian Electricity Distributors (ANED), Barrister Sunday Oduntan said the decision […]
Mixed reactions have continued to trail the supply of electricity to customers by Eko Electricity Distribution Company (EKEDC) and Ikeja Electric (IE) during the ongoing lockdown of Lagos state. While some customers praise the DisCos for delivering quality supply to their areas so far during the mandatory stay at home period, others are dissatisfied with […]
As Lagos State residents struggle to cope with the challenges associated with the COVID-19 lockdown in the state and parts of the country, the state House of Assembly has tasked the power Distributing Companies within the Lagos territory, to be more humane in the discharge of their statutory duties, ensuring lagosians enjoy considerable power supply, […]
From April 1, consumers in Nigeria should brace up to cough out more money to electricity Distribution Companies (DisCos) who have wangled another tariff hike, no thanks to an industry watchdog habitually pandering to the tantrums of the corporations like a doting parent panders to the demands of an ‘Abiku’. The Yoruba “Abiku” (“Ogbanje” to […]