The electricity Distribution Companies DISCOs, said, on Thursday, that about N299 billion is required to close the 4.1 million metering gap. Prepaid Meters The DISCOs also seek more capital expenditure, CAPEX, window and legislative actions for mobile courts to swiftly tackle energy theft and meter bypassing. The Association of Nigerian Electricity Distributors, ANED, said during…
Minister of State II for Power, Works and Housing, Alhaji Sulaiman Hassan Jara first announced that the Federal Government of Nigeria (FGN) planned to invest N72 billion in the electricity distribution companies (DisCo). In a subsequent announcement, the Hon. Minister of Power, Works and Housing, Mr Babatunde Raji Fashola (SAN), stated that the Federal Government…
By Tsvetana Paraskova Oil market analysts are looking into the global supply and demand picture to guess where the price of oil is heading, and opinions and forecasts always vary widely. While oil bulls are focusing on the loss of supply from Venezuela and a potential reduction of Iranian exports to justify their view that…
By Energy Worth The Nigerian Electricity Regulatory Commission on Thursday, announced that it had cleared eight more firms and issued each of them a ‘No Objection’ to serve as Meter Asset Providers in the electricity supply industry. According to NERC, the new additions bring to 30 the number of companies it has approved to participate…
