Federal Government, on Monday, disclosed power consumers paid a total of N267.86bn as electricity bills in the second quarter of this year.
It expressed this in the just released second quarter 2023 report of the Nigerian Electricity Regulatory Commission, while explaining the collection efficiency of power distribution companies during the review period.
On market remittance, the NERC report stated that in 2023/Q2, the cumulative upstream invoice payable by Discos was N194.69bn, consisting of N154.04bn for generation costs from NBET (Nigerian Bulk Electricity Trading) and N40.65 billion Naira for transmission and administrative services by the market operator.
Data from the report showed that while the Discos improved in their remittances to the power market, international consumers of Nigeria’s electricity defaulted to a large extent during the review period.
A Federal High Court has revoked the bail earlier granted to former Attorney-General of the…
Forensic specialists have recovered 105 bodies from mass graves in Yelwata, marking a significant development…
The Supreme Council for Sharia in Nigeria (SCSN) has firmly dismissed reported calls by some…
Ahmadu Umaru Fintiri, the Governor of Adamawa State, has officially left the Peoples Democratic Party…
Tragedy struck in Ogun State after a worker attached to the state’s planning authority was…
President Bola Tinubu hosted a select group of senators for an Iftar dinner at the…