Tag: DISCOs
FG Urged to Recapitalise DisCos to Boost Liquidity in Power Sector
Edu Okeke called for a $250 million market capitalization for each Electricity Distribution Company in Nigeria to address financial struggles and ...
Nigerian govt spent N633.30bn on electricity subsidies in Q1 – NERC
The massive jump in subsidy payment has been attributed to the government’s policy to unify exchange rates and the absence ...
FG Exempts GenCos, DisCos, Others From Withholding Tax
The federal government has exempted all electricity companies, including GenCos and DisCos, from the payment of Withholding Tax in Nigeria ...
NLC President Slams FG, DISCOs Over Frequent Tariff Increases
The Nigeria Labour Congress (NLC) President, Joe Ajaero, has called on the Federal Government to halt policies that could lead ...
Elemelu urges FG to pay N1.3trn debt to GenCos to avoid sector’s collapse
He highlighted that Transcorp Power is owed about N250 billion for electricity supplied to the national grid The Chairman of ...
Electricity: Most DisCos are insolvent — FG
He stated that the appalling financial state of the DisCos makes it difficult for them to raise the needed capital ...
Tariff Hike: Labour Moves To Shut NERC, DisCos Offices Nationwide
Federal Government granted their request for a complete reversal of the electricity tariff increase NLC invites you to cover the ...
Labour Threatens Shutdown of NERC, Discos Offices Over Electricity Tariff Hike
Organized labour threatens to shut down all NERC offices unless immediate reversal of electricity tariff hike is announced Labour demands ...
NERC To Stop Fixing Price Of Meters
NERC declares the deregulation of meter prices, allowing DisCos and meter manufacturers to set prices nationwide Meter manufacturers advocate for ...
NERC Directs 11 DisCos to Refund Customers Over New Tariff
NERC directed 11 DisCos to refund customers wrongly billed at the new tariff rate, ensuring transparency and customer satisfaction DisCos ...
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