A grim picture of the finances of Nigeria’s electricity distribution companies (DisCos) is emerging after a reconciliation of the invoices and payments between them and the Nigerian Bulk Electricity Trader (NBET) showed that the 11 DisCos owe a combined sum of N622.4 billion plus N308.2 billion in interest charged. It takes the cumulative debt of… For further reading, click on https://businessday.ng/exclusives/article/discos-face-bleak-future-over-n930bn-debt-in-unpaid-invoices-owed-nbet/
SOURCE: BusinessDay Newspaper Jun 23,2020.