Category : Search result: NERC data


Power generation shrinks by 62% in December 2025

Nigeria's power plants operated at just 38% capacity in December 2025, highlighting deep structural issues. Read the full NERC report analysis and what it means for the service-based tariff.

DisCos Record N92.93bn Revenue Gap in October

Nigerian electricity distributors faced a N92.93bn revenue shortfall in October 2025 due to billing and collection inefficiencies. NERC data reveals stark performance gaps among DisCos. Read the full analysis.

EKEDC Downgrades Lagos Feeders from Band A to E

EKEDC has downgraded seven Lagos feeders, moving some customers from Band A to Band E and slashing daily power supply to as low as four hours. Discover the affected areas and the public outcry.

Actor Ijebu Spent N1.8 Trillion on Data in 2025

Yoruba actor Ijebu shocks fans by revealing he spent an estimated N1.8 trillion on internet data in 2025. The comic actor said the cost kept him awake at night. Read full story.

Detty December Sparks 55% Jump in Nigerian Music Streams

Spotify data shows a massive 55% local increase in Nigerian music streams during Detty December 2024. The festive homecoming drives a global listening surge, with Accra and Lagos as key hubs. Discover the anthems powering the season.

Fed's Williams Sees No Urgency for Further Rate Cuts

New York Fed President John Williams says recent US inflation data was distorted by a government shutdown and Black Friday sales, advising patience on further interest rate cuts. Get the full analysis.

TikTok Signs Deal to Avert U.S. Ban Threat

TikTok forms a U.S.-based joint venture with Oracle and others to protect American user data, ending a long standoff and securing its 170 million users. Read the full details.

TikTok Signs US Deal to Avoid Ban After $620m EU Fine

TikTok and ByteDance agree to a US joint venture with Oracle and others to protect data and avoid a ban. The app, with over 1 billion users, faces global scrutiny over Chinese ownership and teen safety.

Tinubu Names New NERC Board, Oseni as Chairman

President Bola Tinubu has reconstituted the NERC board with Dr. Mulisiu Oseni as Chairman. The new team is tasked with implementing the Electricity Act 2023 to transform Nigeria's power sector. Read the full details here.

Nigeria's oil rigs stuck at 41 amid OPEC expansion

Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.

Asian Markets Drift, Oil Up on Venezuela Blockade

Asian equities showed mixed performance as US jobs data failed to boost rate cut expectations. Oil prices surged over 1% after Trump ordered a blockade of Venezuelan tankers. Get the latest market analysis.

Asian Markets Retreat on US Jobs Data, Tech Worries

Asian markets extended losses Tuesday ahead of key US jobs data, with tech sector jitters and Fed rate cut uncertainty weighing on investor sentiment. Key indexes in Tokyo, Hong Kong, and Shanghai all fell over 1%. Read the full analysis.

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