General
Togo, Niger, Benin Owe Nigeria $17.76m for Electricity
By Adedapo Adesanya
Three international customers owe Nigeria $17.8 million for electricity supplied under bilateral arrangements, according to the Nigerian Electricity Regulatory Commission (NERC).
The electricity regulator in its Third Quarter 2025 report, noted that Togo, Niger, and Benin Republic were invoiced a total of $18.69 million by the Market Operator for electricity supplied during the period, but only remitted only $7.125 million, leaving an outstanding balance of $11.56 million.
The regulator identified the international offtakers as Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of the Republic of Benin, and Société Nigérienne d’Électricité of the Republic of Niger.
Electricity supplied to the three countries was generated by grid-connected Nigerian generation companies (GenCos) and delivered through bilateral cross-border power arrangements.
According to the report, the three international customers had legacy invoices of $14.7 million, out of which they paid $7.84 million, leaving a balance of $6.2 million.
The debt incurred from the previous quarters and that of Q3 2025 amounted to $17.76 million.
NERC’s report stated that the remittance level represented a 38.09 per cent remittance performance, with more than half of the invoices remaining unpaid at the end of the quarter.
“The three international bilateral customers being supplied by GenCos in the NESI made a payment of $7.12 million against the cumulative invoice of $18.69 million issued by the MO for services rendered in 2025/Q3, translating to a remittance performance of 38.09 per cent.”
The commission explained that some bilateral customers paid for power purchased in the quarters before the one being reviewed.
“It is noteworthy that some bilateral customers also made payments for outstanding MO invoices from previous quarters, as follows: the MO received $7.84 million from the international bilateral customers and N1.3 billion from the domestic bilateral customers,” the report added.
In contrast, NERC said domestic bilateral customers performed better, remitting N3.19 billion out of the N3.64 billion invoiced to them during the quarter, representing a remittance rate of 87.61 per cent.
“The domestic bilateral customers made a cumulative payment of N3.19 billion against the invoice of N3.64 billion issued to them by the MO for services rendered in 2025/Q3, translating to 87.61 per cent remittance performance,” it added.
The commission further disclosed that Nigeria’s 11 electricity distribution companies remitted a combined N381.29 billion to the Nigerian Bulk Electricity Trading (NBET) Plc and the Market Operator in Q3 2025, out of a total invoice of N400.48 billion, translating to a remittance performance of 95.21 per cent.
As part of its statutory assessment of the commercial performance of the electricity market, the regulator noted that the figures were based on reconciled market settlements submitted to the commission as of December 18, 2025.
Nigeria supplies electricity to neighboring, however, faces significant challenges with unpaid bills data showing millions unpaid in arrears from these customers, despite NERC capping exports to prioritise domestic needs due to generation shortfalls and payment indiscipline.
These exports utilise Nigeria’s surplus power but highlight issues with consistent payment and balancing regional obligations with local demand, leading to reduced export levels.
General
President Tinubu Greets Senator Kalu at 65
By Aduragbemi Omiyale
The Senator representing Abia North Senatorial District in the National Assembly, Mr Orji Uzor Kalu, has been congratulated by President Bola Tinubu on his 65th birthday.
In a statement released by the State House, the former Governor of Abia State was praised for his multifaceted roles and his service to the nation.
Mr Tinubu said his longtime friend and political ally has worked for the growth of Nigeria, having served as the Senate Chief Whip and currently the Chairman of the Senate Committee on the South East Development Commission (SEDC).
The SEDC is one of the regional development commissions established by the administration of President Tinubu to accelerate infrastructure, economic growth, and overall development across the South East geopolitical zone.
The President highlighted the lawmaker’s significant contributions during his tenure as Governor of Abia State from 1999 to 2007, as well as his continued dedication to the progress of the state and the nation at large.
He also acknowledged Mr Kalu’s accomplishments in the private sector, describing him as a media mogul and Chairman of SLOK Holding, who continues to play a vital role in Nigeria’s economic development.
“Senator Orji Uzor Kalu’s vision, resilience, industry and service to the nation and commitment to the progress of Abia are noteworthy,” President Tinubu remarked.
“I wish him long life, greater strength and increased wisdom as he continues his service to the nation,” the President concluded.
General
FCCPC Seals Paradise Estate Over Consumer Rights Violations
By Adedapo Adesanya
The Federal Competition and Consumer Protection Commission (FCCPC) has sealed Paradise Estate in Life Camp Extension, Abuja, following serious allegations of consumer rights violations.
The action was taken due to the estate’s alleged failure to deliver housing units to buyers despite receiving full payment.
The FCCPC also cited multiple public complaints and other offences as grounds for the enforcement.
According to the commission, numerous complaints had been lodged against Paradise Estate, but the management repeatedly failed to comply with regulatory directives.
The non-compliance prompted the FCCPC’s visitation and eventual sealing of the premises.
Speaking to reporters, the FCCPC’s Deputy Director of Surveillance, Marvin Nadah, noted that the developer was given a seven-day window to respond to an official summons but failed to comply.
In its defence, Paradise Homes’ Head of Legal, Mr Aloysius Ezenwa, argued that the transactions were protected under the existing “Contract of Sale.” The company expressed its dissatisfaction with the sealing, maintaining that the dispute is a contractual matter that should be settled before a tribunal.
However, the FCCPC maintained that its actions were lawful and that it had not been served with any court appeal to halt the process.
The commission reiterated its stance on prioritising the rights of Nigerian consumers and ensuring developers are held accountable.
It noted its commitment to protecting consumers from unfair business practices and warned other real estate developers to adhere strictly to contractual obligations and consumer protection laws.
The FCCPC’s involvement in a housing complaint comes after a Federal High Court in Abuja ruled that the organisation has the powers to investigate consumers’ complaints involving banks and other financial institutions.
The banks, the court ruled, are answerable to FCCPC. It dismissed a suit filed by the United Bank for Africa (UBA) and slammed N2 million on it.
The decision has been described as a big win for bank customers.
In a statement signed by its Corporate Affairs Director, Mr Ondaje Ijagwu, FCCPC’s chief executive, Mr Tunji Bello, said, “This is a big victory for bank customers.”
General
NPA Onne Honours Retirees
By Bon Peters
Retirees of the Nigerian Ports Authority (NPA) Onne Port complex in Rivers State were honoured at an event on Wednesday, April 22, 2026.
The ceremony was full of conviviality, renewal of camaraderie and more importantly a demonstration of love, affection and commitment as shown to the retirees by the management.
The Port Manager for Onne Port Complex, Mr Abdulrahmon Hussain, informed newsmen that the event was to appreciate the retirees who have shown commitment, laid foundation and also mentored most of the workforce at Onne.
“What the Nigerian Ports Authority Onne Port complex management is doing today is to appreciate our retirees,” he said.
“We believe that the foundation we are standing on today was laid by them. While in service, they have mentored our junior staff and contributed immensely to the growth and development of the Port.
“Simply put, you know here is referred to as a family Port and we want to sincerely show them that they are still members of the family though retired,” he added.
Mr Hussain also praised the Managing Director of the NPC, Mr Abubakr Dantsoho, for giving welfare of employees a priority.
“Today’s event is the first of its kind at our Port but we promise to make it more memorable going forward.
“Apart from the multivitamins and other drugs we provided for them, I feel the most important thing is the demonstration of love and care which the management has shown them today, and I promise that the management will do more next year,” he stated.
Also speaking, the Chief Medical Officer (CMO) of Onne Port complex Dr Bashir Kangiwa, applauded the Port Manager for the initiative describing it as the first of its kind.
He noted that when he was assigned to carry out the project from the Medical Department, he embraced the responsibility with all arms and was happy it was successful.
He hinted that the NPA has a policy that even as a retiree, they enjoy an unhindered access to the company’s medical facilities and could also be referred to another hospital if the ailment is beyond the organisation’s control.
One of the retirees, Mr Ndudim Amos Nwaji, a former NPA Senior Staff Association Chairman, thanked the management of Onne Port complex for the gesture.
He advised those in the leadership position of this country to borrow a leaf from the NPA management, insisting that the senior citizens of this country should be taken care of.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
