Business News
DisCos record N205.53bn electricity revenue in July – NERC
The report showed that the DisCos recorded a collection rate of about 82 per cent during the month
Electricity Distribution Companies (DisCos) in Nigeria collected ₦205.53 billion out of the ₦250.79 billion billed to customers in July, according to the Nigerian Electricity Regulatory Commission (NERC).
NERC disclosed this in its latest Commercial Performance Factsheet released on its X handle in Abuja on Friday.
The report showed that the DisCos recorded a collection rate of about 82 per cent during the month, leaving more than ₦45 billion in billed revenue uncollected.
NERC also reported that the DisCos received electricity valued at ₦333.94 billion during July.
It said that out of the N333.94 energy received, N250.79 billion was billed customers out of which N205, 53 billion was collected.
The report said that Eko Electricity Distribution Company (EKDC) led the revenue collection with 94.67 per cent followed by Port Harcourt DisCo with 84.95 per cent, while Benin DisCo came third with 79.15 per cent
It also said that Kaduna DisCo recorded the lowest recovery efficiency at 39.71 per cent, followed by Jos DisCo at 46.27 per cent while Kano recorded 55.41 per cent.
Follow Us on Google Discover
ADC hit by fresh crisis as National youth leader Sultan Bello resigns
Appeal Court affirms two-year jail sentence for ex-Unical Dean, Ndifon
DisCos record N205.53bn electricity revenue in July – NERC
Super Falcons defender Ohale announces retirement from international football
‘I respect Tinubu, I can never abuse him’ – Peter Obi
Cristian Romero replaces Messi as Argentina’s new Captain
NDLEA arraigns KayCee Luxury, two others over alleged 184.5kg cocaine export
Workers shut down Delta secretariat over deputy director’s death
Anyone praying for fuel subsidy return does not mean well for Nigeria – Alex Otti
Obi-Soludo debt row deepens as Anambra releases N363m document on workers’ arrears after Obi denied borrowing
Okoye arrives Super Eagles camp ahead of AFCON qualifier against Madagascar
Tinubu-Related Drug Records: U.S. DEA warns release could expose confidential sources, techniques
Protest erupts after gunmen kill three vigilantes in Plateau
Amnesty international calls for dissolution of US immigration agency ICE
Nigeria seeks two permanent UN security council seats for Africa
ECOWAS opens recruitment for qualified nationals across multiple sectors – Apply Now
British Council opens recruitment opportunities across Nigeria – Apply Now
BREAKING: Atiku appoints Akobundu DG of ADC Presidential Campaign Council, names El-Rufai Deputy Chairman (Full List)
Former Super Eagles captain William Troost-Ekong converts to Islam, recites Shahadah in Doha
A Litre of petrol costs over ₦3,000 in UK, Nigerians are enjoying — Gov. Okpebholo
Atiku donates ₦20m to families of 37 Miners who died in NSCDC custody
Five killed as suspected Boko Haram, ISWAP terrorists attack Borno community
‘US cannot afford to let Tinubu rig 2027 Polls’ — Von Batten-Montague-York
Flour Mills of Nigeria opens recruitment for multiple positions across Nigeria – Apply Now
BREAKING: Court nullifies Pantami’s PDP ticket, orders fresh Primary in Gombe
Shanahan University announces 13 vacancies for Medical, ICT, Admin Workers – Apply Now
EFCC declares ex-Pension Task Team chairman Maina wanted
Rainbow Coalition: Wike-Uzodimma rift splits APC Governors into camps
US tightens visa rules for birth tourism operators
