Bilateral Companies Owe Nigeria $8.5m for Power Supply - NERC The Nigerian Electricity Regulatory Commission (NERC) has reported that some international bilateral companies owe Nigeria’s electricity generation companies (GenCos) about $8.5 million in unpaid power supply. In its latest quarterly report, the Commission said the companies...

GenCos Raises Alarm Over Exclusion from FG's N4trn Debt Verification Process   The Association of Power Generation Companies (GenCos) has raised concerns over their exclusion from the Federal Government’s ongoing debt verification and reconciliation process, which seeks to address the N4tn owed to generation companies in...

Reps Probe N2.6tn Discos Power Sector Debt The House of Representatives Public Accounts Committee has summoned 11 electricity distribution companies to appear before it over alleged failure to pay an outstanding debt of N2.6tn owed to the government through the Nigerian Bulk Electricity Trading Company. The...

Electricity Subsidy Surges by 220%, Reaches Almost N2trn   The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024. This represents a 219.67 per cent increase in yearly subsidy funding, despite the Band A tariff hike of April 2024. The Nigerian Electricity...

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...

Electricity: Niger, Togo, Benin Owing Nigeria N12.6bn For 2023 Q1   Amidst growing tension between Nigeria and its northern neighbour, Niger Republic, official report has indicated that Niger together with Togo and Benin Republic indebtedness to Nigeria on electricity supply has hit $16.11 million (about N12.60...