Electricity consumers across Nigeria failed to pay a total of N70.25 billion in May 2025, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission (NERC). …
Nigerian Power Sector
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Business and EconomyFinance & ServicesPower SectorPublic UtilitiesRegulation
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BusinessCorporate NewsEconomyFinance & ServicesNigeria
Transcorp Power Declares N11.25bn Dividend on Strong Earnings
Transcorp Power Plc, the electricity generation arm of Transnational Corporation Plc (Transcorp Group), has posted strong financial results for the first half of the year ended June 30, 2025. The …
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The Chief Executive Officer of the Nigerian Economic Summit Group (NESG), Tayo Aduloju, has expressed concern over the slow pace of digital adoption by electricity distribution companies (DisCos) and government …
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EconomyELECTRICITYEnergyFinance & ServicesGOVERNMENTInfrastructureNigeria
FG’s Debt to Power Sector Hits ₦982.4bn as Electricity Subsidy Rises in First Five Months of 2025
The Federal Government’s unpaid subsidy to electricity distribution companies has risen to ₦982.4 billion as of May 2025, showing a ₦5.3 billion increase or 2.7% in just five months. This …
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EconomyEnergyGOVERNMENTInfrastructureNigeriaPolicies
FG Launches Reform Plan, Deploys Special Teams to Underperforming Discos
The Federal Government has begun a pilot programme to restructure underperforming electricity distribution companies (Discos) in a bid to overhaul Nigeria’s struggling power distribution sector. This marks the most decisive …