Minister of Power Adebayo Adelabu has urged stakeholders to embrace the ongoing reforms in the power sector and work together to build a decentralised and competitive electricity market. He stated that ongoing reforms driven by the Electricity Act 2023 have attracted over $2 billion in new investments. Adelabu, who spoke at PwC’s Annual Power and …
Amid efforts to close the metering gap in Nigeria, new data has shown that over 68 per cent of electricity consumers bypass the use of prepaid meters. This indicates a systemic crisis in the Nigerian electricity supply industry as it reveals not just a revenue issue, but a symptom of deep-seated problems within the power …
Despite efforts to close the metering gap in the Nigerian Electricity Supply Industry (NESI), not less than 5.38 million registered customers nationwide remain unmetered as at August 2025. This was revealed in the latest Metering Factsheet released by the Nigerian Electricity Regulatory Commission (NERC). According to the fact sheet, the total number of active customers …
Power generation companies (GenCos) in Nigeria have lost an estimated ₦987.92 billion in five years due to the persistent electricity crisis arising from frequent collapse of the national grid and poor distribution infrastructure. A recent report released by the Association of Power Generation Companies (APGC) explained that the figure represents the value of electricity that …
As Nigerian electricity Distribution Companies (DisCos) prepare to renew their operational licences in 2028, the federal government has announced plans to introduce a minimum capital adequacy requirement. Minister of Power, Adebayo Adelabu, who made this known at the Nigeria Energy Forum in Lagos, said the aim is to strengthen the financial health of DisCos and boost …
The Eko Electricity Distribution Company (EKEDC) has called on its customers in Band A and Band B to apply for free prepaid meters under the Meter Acquisition Fund (MAF) Tranche B. In a statement, the electricity DisCo advised customers to apply on or before 30th November 2025, clarifying that only Bands A and B customers …
Despite reforms aimed at improving the commercial viability of the Nigerian electricity market, the sector continues to reel under the burden of subsidy obligations incurred by the federal government. Pinnacle Daily’s analysis of the Nigerian Electricity Regulatory Commission’s quarterly reports reveals that the federal government has incurred an electricity subsidy obligation of approximately ₦3 trillion …
Geregu Power Plc and its counterpart in the generation and sales of electric power, Transcorp Power Plc, saw revenues grow year-on-year to ₦439.97 billion in the third quarter (Q3) of the year. The two-generation companies (GenCos) stated in their unaudited Q3 financial results for the period ended September 30, 2025. Their revenues grew by 30.91 …
The Nigerian Electricity Regulatory Commission (NERC) has reported a sharp drop in revenue remittance by electricity distribution companies (DisCos) in the second quarter (Q2) of 2025, signalling renewed financial strain in Nigeria’s power sector. According to the latest NERC Q2 2025 Quarterly Report, DisCos collectively remitted ₦399.20 billion to the electricity market — a 27.9 …
Eko Electricity Distribution Company Plc (Eko DisCo) has registered a subsidiary, Excel Electricity Distribution Company Limited, to taker over the operations of its electricity distribution business in Lagos State. In a statement released on Tuesday, October 7, 2025, the management of Eko DisCo clarified that the creation of the subsidiary was in compliance with regulatory …
