13 results
- 27 Aug 2021
Ibadan Disco Cries Out over N8.5Bn Debt by MDAs Debt
Ibadan Electricity Distribution Company Plc (Ibadan Disco) has said it is owed over N8.5bn by ministries, departments and agencies of government. IBEDC, which covers Oyo, Ogun, Osun and Kwara states…
- 3 Jul 2025
AMCON Confirms ₦100Bn Sale of Ibadan DisCo Amid Legal Disputes
Asset Management Corporation of Nigeria (AMCON) has confirmed the sale of the Ibadan Electricity Distribution Company (IBEDC), one of the five power distribution companies previously under its…
- 17 Apr 2019
Keystone Bank, Others Partner Mojec to Roll out Smart Electricity Meters
Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited, has announced partnership with Keystone Bank Limited and other leading banks in Nigeria to provide retail financing…
- 28 Aug 2022
CBN’s N2.9Trillion Intervention Saves Banks, Power Sector from Collapse- Report
The lifeline by the Central Bank of Nigeria (CBN) through various intervention funds may have saved Deposit Money Banks(DMBs) and the power sector from imminent collapse, according to t he Sun . Some…
- 28 Apr 2025
DisCo Must Repay Customers for Transformer Purchases, FCCPC Rules
Federal Competition and Consumer Protection Commission has ordered the Ibadan Electricity Distribution Company to refund whatever consumers invest in buying transformers, poles, cables, and other…
- 27 Oct 2020
New Hampshire Metering Services to Deploy over 400,000 Meters for DisCos
New Hampshire Metering Services Limited, a subsidiary of New Hampshire Capital Limited has announced immediate plan to roll-out over 404,000 smart prepaid meters for Ikeja and Ibadan Electricity…
- 30 May 2014
Thefts, Others Hobble Power Sector
Thefts, infrastructure vandalisation, obsolete equipment due to either low or poor maintenance amongst other reason have combined to hobble the newly privatised power sector. These revelations were…
- 15 Jan 2024
Electricity Subsidy Gulped N700bn in 2023 - Adelabu
Adebayo Adelabu, Minister of Power says the Federal government has so far spent N700 billion to subsidize electricity. According to Adelabu, the Federal Government still subsidises electricity…
- 1 Aug 2017
Skye Bank Asks FG to Seize Ntel, Discos, Says Ex-MD Wreaked Havoc
Management of Skye Bank Plc has written to Acting President Yemi Osinbajo, detailing how Tunde Ayeni, chairman of the bank between 2010 and 2016, allegedly wrecked the financial institution,…
- 12 May 2025
NERC Orders DisCos to Compensate Band A Customers in 557 Streets
Nigerian Electricity Regulatory Commission (NERC) has directed nine electricity Distribution Companies (DisCos) to compensate Band A customers residing in 557 streets across their franchise areas for…
- 6 Mar 2024
FG Threatens to Revoke Licenses of DisCos over Poor Power Supply
Federal Government has threatened to revoke the licences of power Distribution Companies over epileptic power supply across the country. The Minister of Power, Adebayo Adelabu, made this known on…
- 8 Sept 2015
CPC Probes Discos over ‘Outrageous’ Billings
Consumer Protection Council (CPC) has set up a panel to investigate Electricity Distribution Companies (DISCOs) in Nigeria over series of allegations bothering on breach of consumers rights. Mrs.…
- 5 Aug 2017
Ex-Skye Bank Boss Pumps N7Bn into Jonathan’s Re-election Bid
The Skye Bank Plc management has accused, Tunde Ayeni, former Chairman of the banks of owing it and other lenders about N200 billion. The bank claimed that out of the amount, N7 billion, from a N33…