Just another News Updates
The Federal Competition and Consumer Protection Commission (FCCPC) is urging electricity consumers to report any distribution companies (DisCos) that fail to comply with regulations on capping estimated bills for unmetered customers. In a statement released on Monday, the FCCPC commended the Nigerian Electricity Regulatory Commission (NERC) for taking action against 11 DisCos for non-compliance. Recent […]
The Minister of Power, Adebayo Adelabu, announced at the opening ceremony of the three-day inaugural Nigerian Electricity Supply Industry (NESI) Market Participants and Stakeholders Roundtable (NMPSR) in Abuja that the Federal Government will not renew licensing agreements for under-performing electricity distribution and generation companies in Nigeria. He expressed concern that even after a decade since […]
United Bank for Africa says it hopes to sell Abuja Electricity distribution company, a delinquent electricity firm it took over two years ago to recover $122 million of debt. In 2021, the lender foreclosed Abuja Electricity Distribution Co., which serves the country’s capital city and surrounding states, after it could not repay loans it raised […]