Most Nigerian banks will collapse if power generation and distribution companies fail, electricity distributors have warned. They also stated that despite the problems in Nigeria’s power sector, the Minister of Power, Works and Housing, Babatunde Fashola, had not met with investors in the distribution arm of the industry since 2015. Speaking during a live television […]
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Protesting electricity workers yesterday shut and crippled business and other activities at the headquarters of Ikeja Electricity Distribution Company, Ikeja DISCO. The aggrieved workers led by the leaders of the National Union of Electricity Employees, NUEE, and their allied unions, stormed the premises early in the morning and barricaded the office accusing the management of […]
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The Federal Government on Monday stated that the Nigerian Electricity Regulatory Commission had several options at its disposal that it could use to enforce the contract mandating power distribution companies to provide meters for their customers and eliminate estimated billing in the sector. According to the Minister of Power, Works and Housing, Babatunde Fashola, one […]
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The Federal Government on Monday ordered the Nigerian Electricity Regularly Commission to enforce the contract mandating power distribution companies to provide meters to customers and eliminate estimated electricity bills in the power sector. It said the directive to NERC became vital following the number of complaints coming from power consumers on meters, which the Discos […]
Read More The Nigerian Electricity Regulatory Commission (NERC) has suspended the Board of Directors and key management staff of Ibadan Electricity Distribution Company (IBEDC) over ₦5.7 billion loan balance d default. The suspension, according to the commission’s Head of Media Unit, Mrs Vivian Mbonu, in a statement yesterday, was “vide its Order No NERC/181/2018 of June 19th […]
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