International Customers Pay $8.67M of Power Bills in Q2 2026

In the second quarter of 2026, three international customers in the Nigerian power sector paid $8.67 million of the $18.84 million invoiced, resulting in a remittance rate of 46.02%, according to the Nigerian Electricity Regulatory Commission (NERC). The invoices were issued by the Market Operator for services provided to customers purchasing power from grid-connected generation companies.

The countries involved were Benin, Nigeria, and Togo, with electricity sourced from Société Béninoise d’Energie Electrique (SBEE), Compagnie Energie Electrique du Togo (CEET), and Société Nigérienne d’Electricité (NIGELEC). NIGELEC, supplied through Mainstream, paid its entire invoice of $5.79 million.

SBEE paid $1.73 million of its $2.46 million invoice, while CEET paid $1.15 million of its $1.68 million invoice. Unpaid invoices totaled approximately $10.17 million.

Domestic customers had a remittance rate of 91.54%, while the Ajaokuta Steel Company Limited paid nothing on its invoices totaling N1,353.75 million. NERC indicated that non-payment is a longstanding issue requiring federal intervention.