News
DisCos generated N564bn in Q2 2025—NERC
The Nigerian Electricity Regulatory Commission (NERC) says Electricity Distribution Companies (DisCos) collected N564.71 billion total revenue in the second quarter of 2025 out of N742.34 billion billed to customers.
The commission disclosed this in its 2025 Second Quarter Report obtained from its website in Abuja on Tuesday. The report said that this translates to a collection efficiency of 76.07 per cent in comparison to the total revenue collected by all DisCos in the 2025 first quarter. It said that the first quarter revenue was N553.63 billion out of N744.26 billion billed to customers, which translated to a 74.39 per cent collection efficiency. “This means that at an aggregate level, DisCos recorded a 1.68 Percentage Point increase in collection efficiency between the first quarter and second quarter of 2025,” it said.
The report also said that under the quarter being reviewed, Eko DisCo recorded the highest collection efficiency of 87.80 per cent. “Conversely, Jos DisCo recorded the lowest collection efficiency at 43.82 per cent. A comparison of DisCos’ performance shows that Port Harcourt, Benin, Ikeja, Ibadan, Eko and Yola DisCos recorded improvement in collection efficiency between the first quarter 2025 and the second quarter 2025. Conversely, the remaining five DisCos recorded declines in collection efficiency,” it said, The report said that Abuja and Jos had the most significant declines across the quarters. NAN
-
Oil and Gas1 day agoNUPRC vows not to approve divestments that doesn’t meet considerations
-
Oil and Gas1 day agoIran eases Strait of Hormuz transit rules amid oil shock
-
Finance1 day agoCardoso seeks collaboration to check cross‑border financial risks
-
Oil and Gas1 day agoCourt orders forfeiture of $13m linked to Aisha Achimugu’s firm
-
Oil and Gas1 day agoOil falls as reports of 15-point proposal spurs ceasefire hopes
-
Economy1 day agoNigeria to launch trade platform at ports as part of reform push
-
Finance1 day agoCourt nullifies CBN’s regulatory intervention in Union Bank in 2024, rules it acted beyond its powers
