TCN urges DisCos to recapitalise

By Oke Peter The Transmission Company of Nigeria (TCN), on Wednesday, has called on the electricity Distribution Companies (DisCos) to recapitalize their investment in order to enhance their network distribution. The company expressed fears that despite its existing capacity, load rejection from the DisCos, which causes high frequency and system collapse could still persist unless…

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NNPC underpayment stalls FAAC meeting

  The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday was postponed due to alleged underpayment into the federation account by the Nigerian National Petroleum Corporation (NNPC). The News Agency of Nigeria (NAN) has reported. Mr Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who disclosed this to newsmen in Abuja,…

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Lagos communities sue FG, Eko Disco over extortion

Energy Worth with Agency Report Landlords and tenants of Alaba Oro, Mosafejo Amukoko, Abule Kere and Olaniyonu communities in Lagos,  instituted a N50m suit against the Nigerian Electricity Regulatory Commission (NERC) and Eko Electricity Distribution Company PLC over estimated electricity billing. The News Agency of Nigeria (NAN) has reported. Raji Yusuf Olatunji, Omololu Sulaiman, Muritala…

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