Tag: DisCos

The Federal Government of Nigeria has cancelled $717.7 million in remaining undisbursed funding from the World Bank, effectively terminating the balance of a major power sector recovery programme amid ongoing challenges in the electricity industry. According to World Bank restructuring documents, the cancellation follows a formal request by the Nigerian government on March 26, 2026, […]

A significant standoff has erupted between Lagos State authorities and Electricity Distribution Companies (DisCos) over ambitious plans to eliminate the Nigerian Electricity Regulatory Commission’s (NERC) service-based customer classification system, commonly known as the electricity bands. The dispute centres on the state’s push for a uniform, reliable 24-hour power supply across Lagos, underpinned by smart metering, […]

The Nigerian Independent System Operator (NISO) has sounded a strong alarm over rampant electricity theft along the critical Ikorodu-Sagamu 132kV double-circuit transmission corridor, which spans Lagos and Ogun states, revealing that approximately 180 megawatts (MW) of power is being lost to large customers through illegal practices. Engr. Abdu Mohammed Bello (also referred to as Abdu […]

Nigeria’s electricity supply is set to experience a short-term reduction due to scheduled maintenance at a key gas production facility. The Nigerian National Petroleum Company Limited (NNPC Ltd) announced that Seplat Energy Plc, a major gas supplier to the NNPC Gas Infrastructure Company Limited (NGIC) pipeline network, will conduct routine maintenance on its facilities from […]

Nigeria’s Minister of Power, Chief Adebayo Adelabu, has announced significant progress in the country’s electricity sector over the past two years, positioning Nigeria as a potential pillar for regional energy security in West Africa. Speaking at the West Africa Energy Cooperation Summit organised by EnergyNet in Ghana, the Minister detailed key achievements under the President […]

The Bureau of Public Enterprises (BPE) has confirmed plans to launch an Initial Public Offering (IPO) for two electricity Distribution Companies (DisCos) and one Generation Company (GenCo) on the Nigerian Stock Exchange. The announcement comes as part of the federal government’s broader strategy to deepen private-sector participation in the power industry and raise critical funding […]