Business

Zinox Chairman hails Tinubu’s reforms as boost for

  • 13th February 2026
US-China tensions reignite over Huawei AI chip export rules

China denies US claims of funding militias in

  • 13th February 2026

SEC partners NOA to raise awareness on illegal

  • 13th February 2026

NECA, stakeholders push for more robust labour justice

  • 13th February 2026

Contact Info

Some Populer Post

Zinox Chairman hails Tinubu’s reforms as boost for investor

Business

Travel, leisure stocks divide as AI disruption worries mount

Aviation Tech
ByteDance increases share buyback offer amid TikTok uncertainty

Saudi Arabia’s Savvy advances negotiations for ByteDance’s Moonton

Tech
Baidu denies data breach allegations after exec's daughter's leak

Chinese Baidu integrates OpenClaw AI for in-app task automation

Tech

Tag: discos

NERC approves N21bn for free meters to Nigerians
featured

Again, Discos raise meter prices

Electricity Distribution Companies in Nigeria have announced a second price increase in four months for various electricity meter models. Starting from November 5, 2024, the cost of a single-phase meter will rise from around N117,000 to as much as N149,800, depending on the DisCo and meter supplier. This price hike follows the deregulation of Meter […]

Tarrif hike: DisCos sweat as manufacturers insist on old rates
News

Discos decry FG’s failure to pay electricity subsidies

Electricity distribution companies in Nigeria have expressed concerns that the Federal Government has not fulfilled its commitment to subsidize electricity costs for customers in Bands B to E. This was disclosed by the Executive Director of Research and Advocacy at the Association of Nigerian Electricity Distributors, Sunday Odunta, on Wednesday during an appearance on Arise […]

featured

Nationwide blackout persists as national grid collapses again

Nigeria’s national grid has experienced another collapse, leading to widespread blackouts just 24 hours after service was restored. Various distribution companies confirmed the grid failure occurred around 9 a.m. on Tuesday. According to DisCos, efforts to restore power are currently underway, but the recurring nature of these outages has heightened frustration among citizens and businesses […]

Why Nigeria needs 33,000MW for stable power supply – DisCos
News

DisCos generates N887bn in revenue amid tariff hike

Nigeria’s electricity distribution companies have generated a total of N887.86 billion in revenue during the first seven months of 2024, driven by a tariff increase for Band A customers and enhanced revenue collection efforts, according to The Punch. Despite ongoing consumer complaints about poor power supply and high tariffs, the 11 Discos reported a significant […]

News

Discos generate N291bn in revenue as power sector crisis lingers

Electricity distribution companies in Nigeria made N291.62bn in the first quarter of 2024 despite widespread blackout in some parts of the country. was even as the nation lost 673 megawatts of power generation capacity due to gas shortages during the period, according to The Punch. The Nigerian Electricity Regulatory Commission reported in a stated that […]

News

FG exempts GenCos, DisCos, from withholding tax payment 

The Federal Government has designated all electrical companies, including generation and distribution companies (GenCos and DisCos), as free from paying withholding taxes in the country. This was disclosed in the new withholding tax regulation document signed by the Minister of Finance, Wale Edun obtained on Sunday, according to Nairametrics. The tax and fiscal policy committee, […]

News

DisCos struggle to satisfy Band A customers, other Bands neglected

Nigeria’s Electricity Regulatory Commission recently increased electricity tariff by 231 per cent for category A consumers. The new Multi-Year Tariff Order raised electricity rates for about two million customers from N68 per kilowatt to N255 per kilowatt. The NERC has ordered the 11 distribution companies to publish their list of customers in Band A, which […]

Electricity

Technical glitches hindering 20-hour power supply – DisCos

Some electricity distribution companies have continued to blame technical faults and other challenges for their inability to supply 20-hour power to customers on Band A feeders. The DisCos via their social media platforms had pleaded to the customers in Band A, calling for their understanding for their failure to meet the required minimum service level, […]

Tarrif hike: DisCos sweat as manufacturers insist on old rates
Electricity

Discos reject 1,769MW of power during nationwide outage

The most recent data on the daily load summary of power distribution companies show that, between February 1 and February 14, 2024, the businesses failed to deliver about 1,769.91 megawatts of electricity, despite the widespread blackout and the deteriorating status of Nigeria’s electrical supply. The PUNCH reported that, the Transmission Company of Nigeria provided data […]

Kano Disco's $200m funding to benefit 25m Nigerians
Electricity

Kano Disco’s $200m funding to benefit 25m Nigerians

Kano Electricity Distribution Company is seeking $200 million in investment to modernize its infrastructure and modify electricity distribution for an estimated 25 million Nigerians. According to Businessday, Kano Electric is partnering with a Mauritius-based firm, BlackAion Capital, to re-capitalize the network and specifically work on the $200 million fundraise for the interconnected mini-grids and embedded generation projects in […]

FG targets 6500 megawatts power generation in six months
Electricity

NERC threatens Discos with fines for refusing to accept power

Despite the widespread blackout in Nigeria, the Nigerian Electricity Regulatory Commission has expressed worry over electricity load rejection by power distribution companies. According to The Punch, it vowed to take appropriate regulatory action against Discos that failed to reach the major performance criteria for energy offtake, emphasizing the growing gap between available power capacity and […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in