POWER: Bilateral companies owe Nigeria $8.5m — NERC.
Some international and domestic bilateral electricity customers continue to default on payments for power supplied by Nigeria’s grid-connected generation companies (GenCos), resulting in significant revenue shortfalls for the country’s power sector. Recent data covering the second quarter of 2025 reveals that six international bilateral customers who purchase electricity from GenCos made partial payments totaling $9.015 million, against a total invoice of $17.54 million for services rendered during the quarter. […]