The Nigerian Electricity Regulatory Commission in her first quarter report stated that Niger currently owes Nigeria N4.22bn ($5.48m: $/N769.27 exchange rate) for power supply. 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…
Read MoreNIGER REPUBLIQUE OWES NIGERIA N4BN FOR POWER SUPPLY– NERC
