Nigeria's DisCos Blighted By High Overheads, Related Party Deals

With over 40 percent of their revenue reported as expenses and huge related party transactions, Nigeria’s 11 electricity distribution companies (DisCos) may be turning a key rule of business – that you only make money after serving your customers – on its head. For example, Ikeja Electric reported a financing cost of N20 billion, related…  for further reading, click on 


SOURCE: BusinessDay Newspaper    23 Jul,2020.