DisCos collected N391.72b revenue in Q2, says NBS

Financial Markets

The National Bureau of Statistics (NBS) yesterday said electricity Distribution Companies (DisCos) collected N391.72 billion revenue in the second quarter of 2024 Q2 2024.

Its document titled: “Electricity Report Q2 2024,” which made the disclosure also said the revenue increased by 48.90per cent on a year-on-year basis from N263 billion the corresponding quarter of 2023.

NBS said: “Revenue collected by the DISCOs during the period was N391.72 billion from N291.62 billion in Q1 2024.

“On a year-on-year basis, revenue generated in the reference period rose by 48.90% from N263.08 billion recorded in Q2 2023.

NBS also said total customer numbers in Q2 2024 stood at 12.99 million from 12.33 million in Q1 2024, showing an increase of 5.35per cent.