Energy

Consumers pay N1.2trn for electricity in six months — NERC

Consumers pay N1.2trn for electricity in six months — NERC

By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The figure represents revenues collected by the 11 electricity Distribution Companies (DisCos), based on NERC’s monthly commercial performance reports between January and […]
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Why monthly fuel subsidy cost shot up by 989% in 7yrs

Why monthly fuel subsidy cost shot up by 989% in 7yrs

As Nigerians  continue to groan  nder the severe impact of the lingering fuel scarcity, amid raging controversy over huge subsidy costs, investigations revealed a combination of higher oil prices, skyrocketing logistics costs and corruption led to a gargantuan 989 per cent increase in the average monthly fuel subsidy cost in seven years.