AGS NEWS – The Federal Government has directed electricity distribution companies to replace weak distribution networks in their areas within seven days. This order was issued by the Nigerian Electricity Management Services Agency (NEMSA) after a two-month notice was previously … Continue reading Replace faulty equipment in seven days, FG orders Discos
AGS NEWS – Nigeria’s electricity distribution companies (Discos) generated approximately N3.95 trillion in revenue from 2019 to the first quarter of 2024, according to data from the National Bureau of Statistics. The revenue has shown a steady increase over the … Continue reading Discos generate N3.95tn in five years
AGS NEWS – Kaduna Electric has cut off electricity to the Kaduna State Government House and other state facilities due to unpaid bills totaling N2.9 billion. The Head of Corporate Communication, AbdulAzeez Abdullahi, stated on Friday that despite multiple attempts … Continue reading Discos throws Kaduna Govt House into darkness over N2.9bn debt
AGS NEWS – Despite low power generation, electricity distribution companies in Nigeria increased monthly revenue from N95 billion in January to N100 billion in March 2024. Data from the Nigerian Electricity Regulatory Commission (NERC) showed N97 billion revenue in February. … Continue reading Discos’ monthly revenue increases by N5bn despite outages
President Bola Tinubu raised concerns on Monday regarding the state of Nigeria’s power sector privatisation, emphasizing that it has not fully achieved its goals despite being in private hands for a decade. During the Nigeria Electricity Supply Industry’s market participants … Continue reading Tinubu advocates N2tn recapitalization for discos and tariff review
The Federal Government of Nigeria, through the Transmission Company of Nigeria and the Market Operator, has begun a disconnection exercise against debtor electricity distribution companies that may leave millions of electricity consumers in darkness in the coming weeks. The Market … Continue reading Federal government disconnects discos from national grid over unpaid debt
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