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Dangote Refinery loses N32.5bn after petrol price cut

Dangote cargo reaches UK as Europe looks beyond

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PenCom lifts age limit on personal pension plan

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Nigeria’s debt hits ₦155.1trn after Tinubu’s $6bn loan approval

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Dangote Refinery loses N32.5bn after petrol price cut

Dangote cargo reaches UK as Europe looks beyond Middle

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101 illegal refineries dismantled, 219 arrested in Q1 2026

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Tag: NERC

Business

GenCos receive $7.12m, ₦3.19bn from bilateral customers – NERC

Nigeria’s electricity generation companies in Q3 2025 received $7.12 million and ₦3.19 billion from bilateral customers, underscoring ongoing payment challenges, particularly with international clients. This was disclosed in the Nigerian Electricity Regulatory Commission Q3 2025 report, according to Nairameteics. The domestic bilateral customers generally maintained solid payment performance, while international counterparts fell significantly behind, raising […]

NERC makes N5.63bn in 2023 Q3
Electricity featured

Over 5m Nigerians still without electricity metres — NERC

The Nigerian Electricity Regulatory Commission has disclosed that more than five million electricity consumers nationwide are still without prepaid meters, forcing them to rely on estimated billing by electricity distribution companies. According to NERC’s third-quarter 2025 industry report published on its official website, only 6,661,564 of the 12,030,315 registered electricity customers served by the 12 […]

Appointments

Tinubu approves reconstitution of NERC board

President Bola Tinubu has officially approved the reconstitution of the Board of the Nigerian Electricity Regulatory Commission. This decision follows the successful confirmation of the board members by the Senate on December 16. The announcement was made public through a statement released on Thursday by Bayo Onanuga, the Special Adviser to the President on Information […]

Electricity

700,000 meters ready for nationwide distribution – NERC

The Nigerian Electricity Regulatory Commission on Tuesday said about 600,000 to 700,000 electricity meters are already available for distribution across the country. NERC Vice Chairman, Musiliu Oseni, disclosed this while giving his opening remarks at the 4th NESI Stakeholders Meeting in Abuja. The statement was also shared on the Commission’s X page. Oseni, who is […]

Niger owes Nigeria N4bn for electricity supply - NERC
Electricity

NERC to mark 20th anniversary of regulating Nigeria’s electricity sector

The Nigerian Electricity Regulatory Commission has announced the commemoration of its 20th Anniversary, marking two decades of regulating the Nigerian Electricity Supply Industry. A statement by the power sector regulator said the anniversary commemoration reflects on its remarkable journey—from the early challenges of its establishment, through the regulation of the unbundled power sector, the privatization […]

NERC approves N21bn for free meters to Nigerians
Electricity

NERC approves ₦28bn for second phase of meter distribution

The Nigerian Electricity Regulatory Commission has approved the release of ₦28 billion to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, aimed at providing free meters to all remaining Band A customers. The directive, titled “NERC Order No. 2025/10 — Order on the Operationalisation of Tranche B of the Meter […]

Electricity

NERC probes DisCos after 38 deaths, 19 injuries in Q2 incidents

The Nigerian Electricity Regulatory Commission has launched an investigation into all electricity distribution companies after reporting 38 deaths and 19 injuries linked to electrical incidents in the second quarter of 2025. According to its Q2 2025 report, no casualties were recorded by generation companies or the Transmission Company of Nigeria, while all DisCos reported incidents. […]

Electricity

NERC, state regulators, DisCos meet to address consumer tariffs

The Nigerian Electricity Regulatory Commission on Monday convened a meeting with state regulators, electricity distribution companies, and other stakeholders to tackle transition challenges in the power sector amid growing concerns over consumer tariffs. The two-day forum, currently holding in Lagos, is NERC’s third quarterly power sector meeting this year. It follows rising tensions between state […]

Business

GenCos face grid disconnect as NERC orders governor control activation

The Nigerian Electricity Regulatory Commission has directed all electricity generation companies connected to the national grid to implement Free Governor Control across their generating units, warning that non-compliance could lead to steep penalties, including disconnection. The directive, referenced NERC/2025/094, was signed on August 26, 2025, by Vice-Chairman Musiliu Oseni and Commissioner for Legal, Licensing & […]

Business

NERC hands over power market regulation to Nasarawa

The Nigerian Electricity Regulatory Commission has announced the transfer of regulatory oversight of the electricity market in Nasarawa State to the Nasarawa State Electricity Regulatory Commission. In a statement shared on its social media platforms on Saturday, NERC said the move aligns with the provisions of the 1999 Constitution and the Electricity Act 2023. “In […]

Business

States lack power to cut national grid electricity tariffs – NERC 

The Nigerian Electricity Regulatory Commission has stated that state governments and their regulatory bodies do not have the authority to independently reduce electricity tariffs for power drawn from the national grid. This clarification was issued in a Public Notice released on Thursday, titled “Application of Multiple Tariff Regimes in the Nigerian Electricity Supply Industry.” The […]

FG targets 6500 megawatts power generation in six months
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Benin, Togo owe Nigeria over $11m for Q1 electricity supply — NERC

Benin and Togo have failed to pay more than $11 million owed to Nigeria for electricity supplied in the first quarter of 2025, according to the Nigerian Electricity Regulatory Commission. The two countries, through their national utilities — Société Béninoise d’Énergie Électrique and Compagnie Energie Electrique du Togo — paid only a small portion of […]

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