DisCos fail to remit N119.46b collections
In the Fourth Quarter of 2019, the 11 electricity Distribution Companies failed to remit N119.46 billion to the Market Operator , The Nation learnt on Friday.
NERC, in its report on the quarter under review, said: “But only a total of N74.20 billion of the invoice was settled as and when due, creating a total deficit of N119.46 billion including tariff shortfall. On revenue collection and efficiency, the NERC said the total revenue collected by 11 DisCos from customers in the third quarter of 2019 stood at N127.14 billion out of the total billing of N183.10 billion.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
State of the nation: Journalists call for proactive action over killings in NigeriaThe Nigeria Union of Journalists, NUJ, has called on the federal government and the nation's armed forces to arrest the increased killings by herdsmen across the country, particularly in Southern Kaduna and Boko Haram terrorists in the North-East. In a communiqu\u00e9 issued by Shuaibu Usman Leman, National Secretary of NUJ at the end of its
Read more »
Covid-19: 4 antibody-based test kits fail validation – Daily TrustAll four antibody-based test kits evaluated by the Medical Laboratory Science Council of Nigeria failed validation tests, the federal health ministry said on Thursday.
Read more »
Nigeria may lose 24 councils to new UN stateBy July 10 this year, Nigeria may lose 24 local councils, by way of ceding, to a new country to be known as United Nations Organisation State of Cameroon at its borders with la Republique du Cameroun. Nigeria UNState Cameroon
Read more »
Rising cases of rape in Nigeria - The Nation NigeriaThe recent cases of rape in Nigeria is just a harsh reminder of the reality that nowhere is safe in the country; not even our religious spaces, and this
Read more »
Ganduje Directs House-To-House Sample Collection For COVID-19 TestGanduje Directs House-To-House Sample Collection For COVID-19 Test
Read more »
Truck catches fire on Onitsha Niger bridge - The Nation NigeriaAn articulated vehicle is currently on fire on the River Niger bridge in Onitsha, Anambra state.The incident which started at the early hours of...
Read more »