Electricity Consumers Owe DisCos N385.7bn   Electricity consumers across the country failed to pay the sum of 385.73bn electricity bills issued to them in 2023. According to the 2023 annual report and accounts of the Nigerian Electricity Regulatory Commission (NERC), the DisCos collected N1bn out of the...

DisCos’ Revenue Rises by 40% to N433bn   Revenues earned by electricity Distribution Companies (Discos) in Nigeria in the second quarter of 2024, spanning April to June, rose almost 40 per cent to N433 billion during the period, on the back of the recent tariff increase...

Nigeria Exports N58.65b Electricity in Q1 2024 In the First Quarter 2024 Q1, Nigeria exported N58.65 billion electrical energy to African countries. The National Bureau of Statistics (NBS) made this known in its document titled: “Foreign Trade in Goods Statistics (Q1 2024).” A section of the report...

Enforce ‘No-meter, No-service’ Policy on New Electricity Connections, States tell FG State governments have urged the Federal Government (FG) to enforce a “no-meter, no-service” policy for all new electricity connections in an effort to tackle the metering issues within Nigeria’s power sector. This call to action...

FG Gets $500m W’Bank Loan to Bolster Electricity Distribution The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public Enterprises announced on Thursday. Power distribution companies in Nigeria have been widely criticised as being the weakest...

According to the Ministry of Power, the Federal Government has acknowledged the requests of the Nigeria Labour Congress (NLC) for a reduction in electric tariffs.