<< Back             Poser >> Over 41% of electricity consumers still without meters –NERC By Obas Esiedesa About 5.1 million consumers, representing about 41 per cent of Nigeria’s 12.31 million active electricity customers were without prepaid meters as of February 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its January and February 2026 metering factsheet, disclosed that only 7.21 million customers had been metered by February 2026, leaving about 5.1 million consumers still on estimated billing. The report showed that the national metering rate improved marginally from 57.93 per cent in January to 58.57 per cent in February following the installation of 121,798 new meters during the month. According to the Commission, Abuja Electricity Distribution Company recorded the highest metering rate among the distribution companies at 79.37 per cent in February. Eko Disco and Ikeja Electric also posted strong performances with metering rates of 87.62 per cent and 87.16 per cent respectively, while Port Harcourt Disco recorded 66.36 per cent. Benin, Ibadan and Enugu DisCos recorded metering rates of 56.75 per cent, 52.23 per cent and 51.83 per cent respectively. However, the report showed that Yola, Jos, Kaduna and Kano DisCos remained the least meter distribution companies in the country. Yola DisCo recorded the lowest metering rate at 31.86 per cent, while Jos, Kano and Kaduna posted 34.04 per cent, 35.37 per cent and 35.59 per cent respectively. The data further indicated that Abuja DisCo added 18,352 new meters in February, while Benin and Ibadan DisCos installed 25,658 and 16,445 meters respectively. NERC explained that active customers are electricity consumers who vended or received bills at least once within a 12-month period. Vanguard Business News	ELECTRICITY: NDPHC restores 450MW Alaoji plant By Obas Esiesesa The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Engr. Jennifer Adighije has  disclosed that operations at the 450 megawatts Alaoji Open Cycle Power Plant in Abia State has been restored after it was shut down in 2023 over gas supply and metering disputes. Adighije disclosed this during […] Court grants CBN sole ownership of eNaira platform The Federal High Court sitting in Abuja, on Friday, granted the Central Bank of Nigeria (CBN) sole ownership rights to the eNaira digital currency platform. Over 41% of electricity consumers still without meters –NERC By Obas Esiedesa About 5.1 million consumers, representing about 41 per cent of Nigeria’s 12.31 million active electricity customers were without prepaid meters as of February 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its January and February 2026 metering factsheet, disclosed that only 7.21 million customers had been metered […] Nigeria’s GDP growth rises 3.89% in Q1’26 By Elizabeth Adegbesan  Nigeria’s Gross Domestic Product (GDP) rose to 3.89 per cent in the first quarter of this year, Q1’26, representing a 0.76 percentage point increase from the 3.13 per cent recorded in the same period of 2025, Q1’25. However, the GDP growth in Q1’26, represents a 0.18 percentage points decline from the 4.07 per […] Manufacturers cry out over taxes, FX costs, insecurity, poor power supply By Victor Ahiuma-Young Manufacturers under the aegis of the Association of Food, Beverage and Tobacco Employers, AFBTE, have indicated that its operating environment in Nigeria is worsening. It cited excessive taxes and levies, high interest rate, insecurity, poor infrastructure and unstable power supply as major threats to business survival. The employers warned that despite recent macroeconomic […] Seme Customs grows revenue by 448% in 2mths  •Says smugglers behind fuel scarcity By Providence Ayanfeoluwa & Efe Onodjae The Nigeria Customs Service, NCS, Seme Area Command, generated N9.79 billion between March 18 and May 2026, representing a 448 per cent increase compared to the N2.19 billion recorded in the corresponding period of 2025. Speaking during his first media briefing at the command, the […]