DisCos, as power distributors are known, were said to have owed both Nigeria Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) over N930 billion in outstanding payment for power supply to them Nigeria has directed commercial banks in the country to take over collections of electricity bills with immediate effect in a bid to recoup outstanding debt owed by electricity distribution companies (DisCos) to power generating firms. Analysts said the move made by the Central Bank of Nigeria (CBN) is a reminiscence of appointment of liquidation…
Read MoreNigeria orders Banks’ Takeover of Electricity Bill Collections from DisCos
