Nigeria exported N181.62 billion worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS) has shown. A breakdown showed that N58.65 billion was exported to Togo, Benin and Niger Republic in the first quarter of 2024 followed by N63.28 billion in the second quarter and N59.69 billion in the third quarter. …

Kaduna electricity consumers have demanded compensation for the persistent collapse of the country’s national grid and the state’s epileptic power supply. The customers made the demand at a three-day customers’ complaint summit organised by the Nigerian Electricity Regulatory Commission (NERC) held in Kaduna, on Thursday. The Head of Manufacturing, R.H. Plastics Limited, Sanjeev Kumar, and another worker of the firm, …

The Senate has begun a probe into the activities of Generation Companies, GenCos, the Transmission Company of Nigeria (TCN), and Distribution Companies (DisCos), for failing to deliver reliable electricity, describing the power sector as a total failure. It also strongly criticised the power sector operators, saying they have added no significant value to the sector, and threatened to come up …

Following consistent blackouts in northern Nigeria, the electricity distribution companies in the region recorded approximately N74 billion in losses between July and September, according to data from the Nigeria Electricity Regulatory Commission (NERC). In the first week of November, the country witnessed its 10th national grid collapse in 2024, plunging the entire nation into yet another blackout. Confirming this, the …

The House of Representatives has mandated electricity distribution companies (DisCos), to undertake a N500 billion recapitalisation to enhance their financial stability and ensure they can efficiently meet their obligations to the public. The resolution followed the adoption of a motion, titled “Need to Address the Activities of Distribution Companies in Nigeria”, sponsored by the member representing the Ifo/Ewekoro Federal Constituency …

Electricity consumers in the Federal Capital Territory (FCT) have kicked against the increase in prices of prepaid meters. It was reported that Electricity Distribution Companies (DisCos), announced the increase in the price of prepaid meters on their various official X handles, with effect from 5 November. Recall that the upward review followed an earlier increase in August, which further raised …

Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months. Power consumers kicked against the development, describing it as “wicked”, considering the economic hardship nationwide currently. According to the Discos, the cost of a single-phase meter has risen from approximately N117,000 to as much as …

The National Bureau of Statistics (NBS) said electricity Distribution Companies (DisCos) collected N391.72 billion revenue in the second quarter of 2024 (Q2 2024). Its document titled: “Electricity Report Q2 2024”, which made the disclosure also said the revenue increased by 48.90% on a year-on-year basis from N263 billion the corresponding quarter of 2023. NBS said: “Revenue collected by the DISCOs …

Efforts by the Federal Government to ramp up power generation seem to be suffering a setback following the refusal of the electricity distribution companies (DisCos) to off-take the power allocated to them. The Minister of Power, Adebayo Adelabu, decried the rejection of power by electricity distribution companies, describing it as regrettable. He disclosed this in a statement on Sunday. According …

The electricity Distribution Companies (DisCos) raked in a total of N575 billion in the first five months of 2024, as a result of tariff increment, according to Sunday PUNCH. Despite consistent complaints over poor power supply by consumers and high tariffs, the 11 DisCos had billed a total of N740.9 billion over the period under review. They were able to …