Skip to content
REXTUN CITY UPDATES

REXTUN CITY UPDATES

24hrs News & Updates

  • Home
  • News
  • Politics
  • Crime Watch
    • Opinion
  • Sports
  • Celebrities
    • Employment, Labour & Productivity
  • Finance and Economy
  • World News
  • Justice and Judiciary
  • Voting and Elections
  • Football
  • Financial Crimes
  • Health & Wellness
  • Legislation and Legislature
  • Lifestyle and Relationship
  • National Security and Military
  • Terrorism and Terrorists
  • Activists and Activism
  • Entertainment and TV
  • Police and Interior Affairs
  • Obituaries
  • Obituaries
  • Obituaries
  • Religion
  • Conflict and warfare
  • Power and Energy
  • Trends
  • Travel & Tourism
  • Appointments and Jobs
  • Tradition
  • Youths and Youths Development
  • Cars and Automobiles
  • Weird News and Stories
  • Budget and Expenditures
  • Civil aviation and Travels
  • Technology
  • Innovation
  • Diplomacy and International Relations
  • Transport and Aviation
  • Advertorial
  • Cyberspace and Security I
  • Features
  • Literatures
  • Migrants and Immigration
  • Exchange and Forex
  • Food and Agriculture
  • Opposition
  • Civil Constructions and Housing
  • Weather and Climate
  • Public Service Information
  • Civil Society Organizations
  • Money and monetary policies
  • Petroleum
  • Telecoms & Information Technology
  • Corporate news
  • Prophecies
  • Trade and Commerce
  • National Assembly
  • Environmental disasters
  • News
  • Politics
  • Crime Watch
  • Sports
  • Governance
  • Finance and Economy
  • Celebrities
  • Football
  • World News
  • Justice and Judiciary
  • Auto sports
  • Celebrities
  • Conflict and warfare
  • Crime Watch
  • Finance and Economy
  • Cryptocurrencies
  • Exchange and Forex
  • Financial Crimes
  • Football
  • Health & Wellness
  • Justice and Judiciary
  • Legislation and Legislature
  • Lifestyle and Relationship
  • Literatures
  • Toggle search form
  • Popular Crossdresser Murdered In Abuja Crime Watch
  • The Six, the Sardauna and the Politics of the Presidential Favour Bank Kwara 2027
  • INEC Gives Political Parties October 24 Deadline to Challenge Missing 2027 Governorship Candidates INEC
  • Nollywood Actress Passes Away At 35 (Photos) Obituaries
  • Peter Obi unwilling to pay exhibits’ certification fee – INEC Justice and Judiciary
  • NYSC Announces Registration Date For Batch A Stream 2 Mobilization Youths and Youths Development
  • TINTED GLASS PERMIT: NPF Further Extends Grace Period For Enforcement To October 2, 2025 Police and Interior Affairs
  • Adewoye Picks Nomination Form, Signals Bold Bid for Kwara South Senate Kwara 2027

NERC Reveals Niger’s N4bn Indebtedness To Nigeria For Power Supply

Posted on August 10, 2023August 10, 2023 By Rextun boss No Comments on NERC Reveals Niger’s N4bn Indebtedness To Nigeria For Power Supply

The Nigerian Electricity Regulatory Commission’s freshly released quarterly report has stated that
Niger currently owes Nigeria N4.22bn ($5.48m: $/N769.27 exchange rate) for power supplied in the past.

According to the report, Niger’s state power firm, Nigerien Electricity Society, was yet to remit the $5.48m invoice issued for power supply by the Nigerian market operator.

“None of the underlisted international customers made any payment against the cumulative $16.11m invoice issued to them in 2023/Q1; Paras-SBEE ($3.46m), Transcorp-SBEE ($3.85 million), Mainstream-NIGELEC ($5.48m) and Odukpani-CEET ($3.32 million).

“Out of N842.38m invoice issued by MO to all the eight (8) bilateral customers in the NESI, only North-South/Star Pipe made a remittance of N15.38m against its invoice of N24.69m,” it stated.

The NERC mandated the Market Operator to invoke the provision of the market rules to curtail the payment indiscipline being exhibited by the various market participants.
It was last week, reported that the power supply from Nigeria to the Republic of Niger was stopped on August 2.

Last week also, ECOWAS, led by President Bola Tinubu, decided on sanctions against the military personnel in Niger, who toppled President-elect Mohamed Bazoum in a coup d’état.

NIGELEC is under contract with a power firm in Nigeria, Mainstream Energy, for the supply of electricity.

  • 🚨 BREAKING: Nigerian States Get ₦7.1 Trillion in Federal Disbursements — Wale Edun ConfirmsAugust 15, 2025
    Nigeria’s state governments have collectively received a total of ₦7.1…

    Read More “🚨 BREAKING: Nigerian States Get ₦7.1 Trillion in Federal Disbursements — Wale Edun Confirms” »

  • World’s Richest Man, Elon Musk Acquires Twitter For $44billionApril 26, 2022
    The deal was announced by the social media platform on…

    Read More “World’s Richest Man, Elon Musk Acquires Twitter For $44billion” »

Nigeria also exports electricity to the Republics of Benin and Niger based on various Transaction Service Agreements.

“Nigeria disconnected since Tuesday (last week) the high voltage line that carries electricity to Niger,” a report by AFP said, quoting industry sources through local production.

According to a report by NIGELEC, Niger’s sole electricity supplier, in 2022, 70 per cent of Niger’s share of electricity came from purchases from the Nigerian company – Mainstream.

Electricity supplied to Niger is produced in Kainji Dam located in Niger State.

However, to free itself from its energy dependence on Nigeria, Niger is working to complete its first dam by 2025.

Located about 180km upstream from Niamey, the Kandadji Dam is projected to generate 629 gigawatt-hours of electricity annually.

A separate report by the BBC also said major cities in Niger are facing rolling blackouts following last week’s coup.

Residents of Niamey, Maradi and Zinder had power for about an hour at a time before it was switched off for up to five hours. Power cuts like these are unusual in Niger, which normally has regular and reliable supplies.

The President of Nigeria Consumer Protection Network and Coordinator, of Power Sector Perspectives, Kunle Olubiyo, confirmed that ECOWAS would isolate Niger Republic from the electricity supply.

“About 60 per cent of power supply to Niger comes from Nigeria. Just like organised labour usually shuts down the national power grid as part of negotiations when all appeals might have failed to achieve results, Mr President (Tinubu) is the leader of ECOWAS at the moment.

“Disconnection of power supply is seen as a low-hanging fruit,” he stated.

Finance and Economy Tags:NERC, Niger

Post navigation

Previous Post: Kogi Guber: Appeal Court To Give Judgement In Smart Adeyemi’s Suit Against Ododo’s Candidacy
Next Post: Marketers Warns Of Cooking Gas Price Hike Next Week

Related Posts

  • Tinubu Reshuffles Finance Ministry, Transfers Key Revenue Powers from Wale Edun to Doris Uzoka-Anite Finance and Economy
  • Naira Value Against US Dollar To Depreciate In 2025 – Report Exchange and Forex
  • Gov AbdulRazaq Meets CBN, Urges Necessary Actions To Make New Notes Available To Kwarans Finance and Economy
  • FOREX: Naira Depreciates To N1,745/$ In Parallel Market Exchange and Forex
  • Economic Quagmire: Tinubu Confers With Business Sector Players For Solutions Finance and Economy
  • New Measures Will Checkmate Speculators In The I&E, Parallel Forex Markets – CBN Finance and Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Nigeria’s First Ebola Patient Identified as Wife of Swiss Diplomat as Authorities Probe Source of Infection
    by Rextun boss
    October 23, 2026
    Nigeria’s latest Ebola case has been traced to a 42-year-old...

    Read More “Nigeria’s First Ebola Patient Identified as Wife of Swiss Diplomat as Authorities Probe Source of Infection” »

  • MURIC Seeks Police Probe into Alleged Killing of Man Inside Oyo Mosque
    by Rextun boss
    October 23, 2026
    The Muslim Rights Concern (MURIC) has petitioned the police over...

    Read More “MURIC Seeks Police Probe into Alleged Killing of Man Inside Oyo Mosque” »

  • NEC Approves 90-Day Economic Plan as Nigerians Await Relief From Rising Living Costs
    by Rextun boss
    October 23, 2026
    The National Economic Council (NEC) has endorsed a 90-day economic...

    Read More “NEC Approves 90-Day Economic Plan as Nigerians Await Relief From Rising Living Costs” »

  • Dokubo-Asari Honours Sultan of Sokoto with Leadership Award, Seeks Royal Presence at December Coronation
    by Rextun boss
    October 23, 2026
    The Amanyanabo of the Source, Elem Kalabari, in Rivers State,...

    Read More “Dokubo-Asari Honours Sultan of Sokoto with Leadership Award, Seeks Royal Presence at December Coronation” »

  • Umahi Faults Obi’s Presidential Ambition, Says Southeast Has Other Qualified Contenders
    by Rextun boss
    October 23, 2026
    Minister of Works David Umahi has questioned Peter Obi’s approach...

    Read More “Umahi Faults Obi’s Presidential Ambition, Says Southeast Has Other Qualified Contenders” »

  1. abdulwasiu abdulkabir Olajide on 7 Federal Government Empowerment Programs and Opportunities for Nigerian Youths – How to ApplyAugust 13, 2026

    24,sabo line oke ile onikere compaund

  2. Kikma on Top 10 Hidden Gems in Ibadan You Need to Visit in 2025July 1, 2025

    Ibadan is truly a hidden gem with so much to offer. From the serene Agodi Gardens to the breathtaking views…

  • 2023 UCL Final: Manchester City Completes Treble, Win First Champions League Football
  • How Nigeria Forces Arrested Seven Suspected Terrorist Commanders Returning from Hajj Insecurities and insurgencies
  • We Won’t Give Peter Obi Our Presidential Ticket In 2027 – Apapa’s LP Faction Says Politics
  • Switzerland Edge Aside Holders Italy To Reach Euro 2024 Quarters Football
  • 2027: Outrage Erupts as Donald Duke Alleges Politicians Resort to Human Sacrifice for Power Political Violence
  • ECOWAS Targets 2027 for ECO Currency Launch as Regional Bloc Adopts Phased Approach Finance and Economy
  • Eleven Isapa Abductees Escape from Kidnappers’ Custody, Two-Year-Old Still in Captivity Insecurities and insurgencies
  • BREAKING: Olubadan Joins Ancestors At 93 News

NO 1, Treasure Close, Peace Street, Off Awolowo, Ilorin. kwara State, Nigeria. For Adverts, Engagements & Coverage, Contact the Editor on: +234(0)7068357963 or 08038876748. Email: rextun2009@gmail.com.

Copyright © 2026 REXTUN CITY UPDATES.

Powered by PressBook News WordPress theme