July 2022

Ibadan & Benin DisCos Resist Board Dissolution by BPE

Posted: July 9, 2022 at 12:43 pm   /   Benin, Discos, Government, Ibadan, Kaduna, Kano, Ministry of Power, Port Harcourt

The Nigerian Power sector is undergoing interesting times. Recently, the Bureau of Public Enterprises (BPE) and the sector regulator, Nigeria Electricity Regulatory Commission (NERC) met and dissolved and replaced the boards and managements of five electricity distribution companies (DisCos) following the lenders recall of funds advanced to core investors for the purchase of power assets. […]

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“Take Over Can’t Happen” – Benin DisCo, Set to Resist Sack of Board & Management

Posted: July 7, 2022 at 8:36 am   /   Benin, Discos, Government, Ministry of Power, NERC, Regulation

The management of Benin Electricity Distribution Company, BEDC, has described the reported sack of her Board and Management by the Bureau of Public Enterprises (BPE) and Nigeria Electricity Regulatory Commission (NERC) following Fidelity Bank recall of facility as unlawful, illegal and of no basis. According to the release by BEDC Management posted on its Twitter […]

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Fidelity Bank Takes Over Boards of 3 DisCos, Works With FG on New Management Structure

Posted: July 6, 2022 at 11:39 am   /   Discos, Government, NERC, Regulation

The boards and executive managements of three electricity distribution companies, DisCos have been replaced by the major lenders, Fidelity Bank and AFREXIM, following the formal recall of the collateralized facilities the banks issued for the purchase of the power assets. It is believed that the lenders recalled the facilities as the core power investors have […]

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University College Hospital imposes N1,000 daily electricity bill on admitted patients

Posted: July 5, 2022 at 12:52 pm   /   Government, Ibadan, Ministry of Power, NERC

The management of the University College Hospital (UCH), Ibadan, Oyo State, has confirmed the addition of N1,000 daily electricity fee to the service charge of every admitted patient in the hospital. Admitted patients and their family members are now going to pay more to access medical services from this renowned hospital. The hospital, in a […]

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