Nigeria’s electricity generation companies earned a combined $7.12 million and N3.19 billion from bilateral power customers in the third quarter of 2025, according to the latest industry data released by the Nigerian Electricity Regulatory Commission.
The figures highlight a sharp contrast between domestic and international payment performance, with offshore customers once again falling short.
NERC’s Q3 2025 report shows that international bilateral customers paid just $7.12 million out of invoices totaling $18.69 million, representing a remittance rate of 38.09 percent. Domestic bilateral customers performed significantly better, remitting N3.19 billion from a total bill of N3.64 billion, or 87.61 percent compliance.
The News Chronicle gathered that while some customers settled outstanding arrears from previous quarters, payment reliability remains uneven across the market. During the period, international customers paid an additional $7.84 million in backlog obligations, while domestic customers remitted N1.3 billion in arrears.
The report also flagged Ajaokuta Steel Company Limited and its host community for failing to make any payment in Q3 2025. The entities reportedly owe N1.03 billion to the Nigerian Bulk Electricity Trading Plc and N100 million to the Market Operator, continuing a long pattern of non payment.
NERC warned that weak remittance levels threaten liquidity in the power sector, limit generation capacity, and undermine long term market stability, reinforcing the need for sustained regulatory and government intervention.
