Home Topics DISCOs
Blackout is looming from the Nigerian Electricity Supply Industry (NESI) as the Generation Companies (GenCos) on Sunday threatened to shutdown production should the Federal Government refuses to disburse the N600billion intervention fund.
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday served notices to eight electricity distribution companies (DISCOs) of its intention to revoke their operational licences if they fail within 60 days to remedy alleged ‘breaches of the terms and conditions of their power purchase agreements’.
The House of Representatives has unfolded its legislative agenda for 2019 to 2023 with a resolve to strengthen anti corruption agencies in the country, saying existing anti-corruption laws in the country has not given the anti-graft bodies enough power to investigate and prosecute corruption cases.
The decline in government revenues and the slow and uneven growth in key sectors of the economy are key factors in the stagnation of the nation’s economic development, an economic analysis conducted by the Centre for Democracy and Development (CDD) shows.
Following a fresh claim by PriceWaterhouse Coopers (PwC) that the electricity distribution companies (DisCos) have not paid tax to the Federal Government(FG) since privatization of the power sector in 2013, the 10 DisCos have faulted the claim.
The management of Transmission Company of Nigeria (TCN) says it has set machinery in motion to supply Eko Atlantic City, Lagos, 1,000 megawatts of power from the grid under its Eligible Customers arrangement.
The Speaker of the House of Representatives, Femi Gbajabiamila, has said the lower chamber of the National Assembly would ensure that Nigerians get adequate supply for the electricity they pay for.
Plateau State Governor Simon Bako Lalong has said that his administration is determined to recover the economic fortunes of the middlebelt state and create employment opportunities for young people and women as a way to strengthen the existing peace.g
The Nigerian Electricity Regulation Commission (NERC) on says Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43 per cent in the first quarter of 2019.
The Central Bank of Nigeria (CBN) has warned would-be beneficiaries of the N600billion power sector intervention fund that the disbursement of the fund will be based on the accountability system of distribution companies (DisCos) which is driven by their performance through revenue remittance.
The Federal Government of Nigeria, on the 26th of July, signed an agreement with the German company, Siemens, to help the nation’s power sector.
The National Executive Council (NEC) of NLC has rejected the delay by the Federal Government to commence implementation of the New National minimum wage.
Some stakeholders in the power sector have called on the Federal Government to fulfill its 40 per cent funding to electricity distribution companies (DISCOS) to enable them function effectively.
Engr. Musa Wada, the candidate of the People’s Democratic Party (PDP) in the Nov. 16th Kogi State Governorship Election has rejected result of the election citing gross violations of the electoral process. Musa made this known in Lokoja today during a media parley.
MFM FC were big winners away at Enugu Rangers, defeating the Caf Confederation Cup group stage contenders 1-0, while newly promoted Jigawa Gold Stars’ wait for a maiden league victory continues, as they were thumped 4-1 at Delta Force.Enyimba defeated Akwa United 3-1 in NPFL action on Sunday, while Lobi Stars also secured a massive victory away at Kano Pillars.
The Taraba Governor, Darius Ishaku has approved the employment of over 300 people into the state civil service as part of efforts to address the gross manpower shortage of the state civil service
The authority of Nigerian Correctional Service have refuted reports in one of the private television stations and some social media handles claiming sponsorship of a football competition by detained journalist, Agba Jalingo, for inmates in the Afokang custody Centre of the service in Calabar, Cross River State.
An election observer group, Yiaga Africa, has called on the Independent National Electoral Commission (INEC), to cancel the gubernatorial and senatorial elections in Kogi State; saying the exercise was marred by vote-buying, ballot box snatching, intimidation of voters and thuggery.
The first-ever strike in Spanish women’s top-flight football went ahead on Saturday after failed negotiations for a first collective agreement.
Samoa declared a state of emergency this weekend, closing all schools and cracking down on public gatherings, after several deaths linked to a measles outbreak that has spread across the Pacific islands.
D’Tigress took a bold step to pick a ticket to the Olympics Qualifying Tournament (OQT) in 2020 after beating host- Mozambique 57-48 points to go top of group A.
Emir of Karaye in Kano State, Alhaji Ibrahim Abubakar II, has called for proper investigation into the death of a 26-year-old man, Abdulkadir Nasiru, who was allegedly tortured to death by the police.
The Peoples Democratic Party, PDP, Governorship candidate, Douye Diri and wife have cast their votes at Polling Unit 4 and Unit 3 respectively at about 10.30aa in Yenagua, Bayelsa State.