The Nigerian Electricity Regulatory Commission (NERC) has raised the proportion of revenues that electricity Distribution Companies (DisCos) must channel into infrastructure upgrades. The move aims to accelerate network rehabilitation and improve electricity supply across the country. The directive is contained in a revised Order on the utilisation of earned Non-Administrative Operating Expenditure (Non-Admin OpEx), issued …
Nigeria's power sector recorded a total revenue shortfall of ₦3.39 trillion in 2025, with tariff subsidies and commercial losses recorded by distribution companies (DisCos) accounting for a substantial share of the sector’s shortfalls. This massive deficit was dominated by Federal Government tariff subsidies and downstream retail losses (billing and collection inefficiencies), which collectively accounted for …
Electricity Distribution Companies (DisCos) across Nigeria have continued to grapple with load shedding across their franchise areas following a sharp drop in available power generation on the national grid. Power generation plummeted to low levels around 800 megawatts (MW) before slightly recovering. Real-time data from the Nigerian Independent System Operator (NISO) grid performance dashboard showed …
Geregu Power Plc has confirmed it has commenced discussions with relevant stakeholders and advisers to resolve concerns surrounding its N40.09 billion bond repayment obligations, following a default on its latest coupon and principal payments. The company defaulted on the eighth coupon payment and fourth bullet principal repayment of its N40.09 billion Series 1 Senior Unsecured …
As the Federal Government moves to phase out electricity subsidies by 2027 and adopt fully cost-reflective tariffs, there are concerns about the potential impact on Nigerian consumers who are already grappling with rising cost of living. Recently, the Minister of Power, Joseph Tegbe, spoke at a media briefing in Lagos, where he announced that the …
Despite recording an increase in metering rate, over 5 million electricity customers remain unmetered across Nigeria. According to the latest metering status report released by the Nigerian Electricity Regulatory Commission (NERC), the total number of metered customers across all electricity distribution companies (DisCos) reached 7,435,733, accounting for 59.5% of 12,457,068 active customers as of April …
Nigerian electricity distribution companies (DisCos) recorded a significant revenue shortfall in May 2026. According to the latest Commercial Performance factsheet released by the Nigerian Electricity Regulatory Commission (NERC), the combined shortfall between what was billed and what was actually collected by DisCos amounted to ₦44.72 billion. This financial gap is the result of several operational …
As electricity demand rises in Nigeria, the presidency has stated that the country needs to increase annual investment in the power sector to $12 billion through 2045 to achieve reliable electricity. This, it said, means the country is recording an annual power investment deficit of about $11 billion, as only $1 billion is currently being …
In a bid to safeguard the future of Nigeria’s energy sector, the minister of power, Joseph Tegbe, has cautioned industry stakeholders against engaging in actions that might lead to regulatory conflicts, warning that such could undermine the newly decentralized electricity market. Speaking on Tuesday, July 14, at a workshop in Abuja, Tegbe stressed that the …
Power system operator says over 3,000MW remains underutilised despite available generation capacity Nigeria has lost more than ₦2.376 trillion in capacity payments over the past 12 years due to persistent grid inefficiencies and the inability to fully utilise available electricity generation, the Nigerian Independent System Operator (NISO) has disclosed. The Managing Director and Chief …
