Nigeria Exports N181.62bn Electricity in 9 months - NBS Nigeria exported N181.62bn worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS) has shown. A breakdown showed that N58.65bn was exported to Togo, Benin and Niger Republic...

GenCos Received Below 40% of 2024 Invoice The Nigerian Electricity Regulatory Commission (NERC) has admitted that power generation companies in the country have so far received less than 40 percent of their 2024 invoice. Yusuf Ali, commissioner, planning research and strategy at NERC, made this known...

Electricity Subsidy may Reach N2.4tn by Year-end – NERC The Federal Government, through its Nigerian Electricity Regulatory Commission (NERC), has declared that it would spend about N2.4tn on power subsidies before the end of this year. NERC’s Commissioner of Planning, Research, and Strategy, Dr Yusuf Ali,...

Electricity Subsidy Hits N1.91tn in 11 months The monthly spending of the Federal Government on electricity subsidy obligation has reached N1.91tn in the first 11 months of 2024, a new report by the Nigerian Electricity Regulatory Commission (NERC) has disclosed. It also stated that power distribution...

Discos Kick as Reps Demand N500bn Investment or Exit The House of Representatives on Wednesday called for a minimum of N500 billion recapitalisation threshold for the 11 Electricity Distribution Companies (DisCos) in the country to remain operational. In response to this, DisCos have listed the conditions...

NERC Directs DisCos to Provide Free Replacement for Old Meters The Nigerian Electricity Regulatory Commission (NERC) has directed distribution companies (DisCos) to replace obsolete meters for their customers at no cost. This mandate was outlined in a statement released by the regulatory body’s management on Monday. The...