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Tag: Electricity

Electricity

Nigerians paid ₦208.15bn for electricity in May 2026 — NERC

Electricity consumers across Nigeria paid a total of N208.15 billion for power supplied in May 2026. This came as electricity distribution companies improved their revenue collection efficiency despite a decline in billing efficiency. This is contained in the Nigerian Electricity Regulatory Commission, Commercial Performance Factsheet for May 2026. The report also showed that the DisCos […]

Electricity

Ibom Power loses 11 months output over ₦15.7bn FG debt, gas shortage

Ibom Power Company Limited, one of Nigeria’s first independent state-owned power plants, lost nearly a full year of electricity generation in 2025/2026 after a prolonged gas supply crisis crippled operations at its 191-megawatt power plant, highlighting the deepening liquidity challenges across the country’s power sector. The company disclosed that it received natural gas for just […]

Electricity featured

FG spends ₦358.32bn on electricity subsidy in Q1

The Federal Government incurred an electricity tariff subsidy obligation of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission. The Commission, in its First Quarter 2026 report released […]

Electricity

Nigeria’s electricity consumers rose to 12.16 million In Q4 2025

The number of electricity consumers in Nigeria increased to 12.16 million in the fourth quarter of 2025, according to the latest Electricity Report released by the National Bureau of Statistics. The report, published on Tuesday, showed that electricity customers rose by 130,000, from 12.03 million recorded in the third quarter of 2025, representing a 1.11 […]

Electricity

Nigeria faces power risks as hydropower generation drops — BMI

Nigeria’s electricity sector could face renewed supply challenges as El Niño-induced drought conditions threaten hydropower generation across West Africa. This is according to the latest Sub-Saharan Africa Power & Renewables Report by BMI, a Fitch Solutions company. The report warns that Nigeria’s dependence on both domestic and imported hydropower leaves the country vulnerable to climate-related […]

Electricity

W’Bank, AfDB to connect 50 million Africans to electricity

The World Bank and the African Development Bank have announced that Mission 300, an initiative aimed at providing electricity to 300 million Africans by 2030, has connected more than 50 million people to power across 40 countries, nearly two years after its launch. Nairametrics reported that this was disclosed in a joint statement issued by […]

featured Technology

Global AI usage to consume more electricity than Nigeria, two others — UN

Global data centres are projected to consume almost three times the annual electricity used by Nigeria, Pakistan and Bangladesh combined by 2030, according to a new report released by the United Nations on Wednesday. The report, published by the UN University Institute for Water, Environment and Health, attributed the anticipated increase in electricity demand largely […]

Electricity featured

DisCos generate nearly ₦600bn revenue in Q1 despite power shortages

Electricity Distribution Companies in Nigeria generated approximately N600bn in revenue during the first quarter of 2026, according to the latest industry data released by the Nigerian Electricity Regulatory Commission. The figures showed that the power distribution companies collected a total of N597.55bn between January and March 2026, despite ongoing challenges facing the country’s electricity sector. […]

Electricity featured

Anambra signs four electricity laws to boost supply

The Anambra State Electricity Regulatory Commission has announced that four new regulatory bills have been signed into law as part of efforts to improve electricity supply across the state. The commission explained that the newly enacted laws are designed to dismantle the monopoly of FirstPower Electricity Distribution Company Limited, a subsidiary of the Enugu Electricity […]

Electricity featured

Obi pledges 10,000 MW power increase in four years if elected

Peter Obi has pledged to increase Nigeria’s electricity generation and distribution capacity by at least 10,000 megawatts within four years, representing a 250 per cent increase from the country’s current output of about 4,000MW. Obi made the commitment on Saturday, May 30, 2026, while accepting his nomination as the presidential candidate of the Nigerian Democratic […]

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