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Sunday, January 26, 2025

DisCos’ remittance dropped by N156bn amid power outage — NERC

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The mandatory remittance of electricity distribution companies to the Nigerian Bulk Electricity Trading and the Market Operator dropped by N156bn in the first nine months of 2024, data from the Nigerian Electricity Regulatory Commission have revealed. According to NERC, the financial remittances represent the cumulative upstream invoices payable by the DisCos to NBET and MO

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