AD
KEGOZ MARKET WATCH KEGOZ BULLETIN · 29 OCT 2026 ·UPDATE
  • PMS · Depot average₦1,346.50/L— ₦0
  • DIESEL (AGO) · Basket median (older quotes included)₦1,812.50/L▲ ₦22.50
  • COOKING GAS (LPG) · Depot average₦1,200/kg— ₦0
  • BRENT CRUDE · 28 Oct settlement$115.32/bbl▲ $1.44
  • USD/NGN · NFEM closing rate · 27 Oct₦1,357/$1
  • USD/NGN · Parallel · 29 Oct bulletin₦1,382–1,390/$1
  • DANGOTE PMS · Depot · 29 Oct₦1,301/L
  • DANGOTE AGO · Depot · 28 Oct₦1,840/L
  • DANGOTE LPG · Depot · 29 Oct bulletin₦1,025/kg
  • NNPC PMS · Abuja pump · 16 Oct₦1,405/L
Source: KEGOZ Daily Trading Intelligence Bulletin, Issue 058. Indicative prices; quote dates vary. Depot-average changes vs Issue 057. AGO median includes older quotes and may understate the market; fresh quotes are ₦1,820–1,860/L. Dangote PMS shown is a depot quote, not its reported ₦1,325/L gantry price. Verify with suppliers before trading. Not a live feed.

Nigeria’s Power Market Leaves N387bn in Unpaid Electricity Bills

Nigeria’s 11 electricity distribution companies (DisCos) collected N1.63 trillion from customers between January and August 2026, leaving N387.19 billion unrecovered from the N2.01 trillion billed within the period.

Data from the Nigerian Electricity Regulatory Commission’s (NERC) Commercial Performance Factsheet showed that the companies recorded their highest monthly collection in August, generating N220.93 billion, representing a 7.49 per cent increase from N205.53 billion in July.

Collections declined from N204.74 billion in January to N196.68 billion in February and N196.13 billion in March before recovering to N203.61 billion in April and N208.15 billion in May.

June recorded the lowest monthly collection at N191.68 billion, before revenue rose to N205.53 billion in July and N220.93 billion in August.

In August, the DisCos received electricity valued at N346.49 billion but billed customers N261.10 billion, leaving N85.39 billion worth of electricity unbilled. This translated to a billing efficiency of 75.36 per cent, slightly higher than July’s 75.10 per cent.

Read Also: nimasa-deploys-drones-armoured-vehicles-for-maritime-security

Of the amount billed, the companies recovered N220.93 billion, leaving N40.17 billion outstanding. Collection efficiency consequently improved to 84.62 per cent from 81.95 per cent in July.

However, revenue recovery performance varied significantly across the distribution companies.

Eko DisCo recorded the highest collection efficiency at 96.29 per cent, followed by Ikeja with 84.22 per cent and Abuja with 83.63 per cent.

Kaduna DisCo recorded the lowest performance at 41.90 per cent, while Jos and Kano posted 52.80 per cent and 60.98 per cent, respectively.

NERC put the industry’s overall revenue recovery efficiency at 77.63 per cent in August, compared with 74.91 per cent in July.

The average allowed tariff stood at N130.15 per kilowatt-hour, while the actual average collection was N101.03 per kilowatt-hour.

Despite the improvement in revenue collection, the figures highlight persistent challenges in Nigeria’s electricity distribution sector, particularly in metering, billing and revenue recovery.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

More Top Stories

RSHA Summons Defiant Oil Firm, Vows To Protect Constituents’ Rights
Lebara Nigeria Launches MVNO Service to Boost Creative Economy‎‎
Senator Nwogu of PDP Wins Rivers South-East Senatorial By-Election
Oil Pollution Sparks Crisis for Nigeria’s Sustainability Agenda
Airtel Africa Foundation Awards N50m to 100 Nigerian Students Under Tech Fellowship Programme
Judge Orders INEC To Deregister Five Political Parties Before 2027 Elections
APC Presidential Primary: Tinubu Sweeps All Votes in Rivers
Chinda Wins Ward 4 in Obio/Akpor APC Consensus Primary
U.S Moves to Expand Rural Internet Access in Nigeria, Three West African Nations
Marketers Kick Against Dangote’s Fresh Fuel Import Licence Suit
2027: I Won’t Step Down for any candidate – Amaechi
Obuah Wins APC Ward Senatorial Primary, Pledges Quality Representation
FG Announces Launch of Nigeria’s Digital TV Broadcast
Okrika, Eleme Council Chairmen Intervene as PHRC Host Communities Suspend Protest
Ogor Leaders Pay Congratulatory visit to Omonade
Fubara Reaffirms APC Membership, Dismisses Defection Rumours
Nigeria’s Crude Oil Production Rises to 1.489 Million bpd in April
NNPC Partners With Chinese Firms To Revive Port Harcourt, Warri Refineries
NDC Vows To Work For Party Victory As New Executives Emerge In Delta state
Delta APC stakeholders present as Dafinone declares second term bid
Andoni LG Boss Impose Dusk-To-Dawn Curfew
‎Finidi hails team’s game Control as they Open Two-Point Gap‎
Why Are They Still There?’ Esin Questions NFF Technical Team After World Cup Failures
‎Bronze Isn’t Gold: Eagles’ Ex coach Peseiro Reacts To AFCON Outcome‎‎‎
Shehu Dikko Pushes for Upgrade and Proper Maintenance of Sports Infrastructure
2026 World Cup: Super Eagles Face Harsh Reality After Failed Qualification
‎NFF appoints Akeem Busari as new Flamingos coach
HRM Summons PHED, Asks Reason For Recent Power Outage
Will Nigeria Replace Iran in the 2026 FIFA World Cup?
Osimhen Out of Hospital After Successful Surgery, Eyes Quick Return
Osimhen Backed for Man United Move as Butt Says He Can Elevate Sesko
Drama Erupts as Verydarkman Fires Back at Blessing CEO Over Cancer Claim
Kpai Them All!” — Sarian Martins Unleashes Fury, Links Blessing CEO’s Illness to ‘Spiritual Payback’
Nwaiwu Earns Super Eagles Call-Up as Bassey Withdraws Ahead of Iran, Jordan Friendlies
Super Eagles star Alex Iwobi Leads 7-Man Premier League Player of the Month Shortlist
Delta Queens Edge FC Robo In Five-Goal Thriller to Boost Super Six Push
‎Injury knocks out ‘Super’ Calvin Bassey as Eagles suffer Int’l Friendlies blow‎
Osimhen Set for Race Against Time as Galatasaray Target Quick Return
Super Eagles Open Camp in Turkey Ahead of Iran, Jordan Friendlies
Chukwueze Set for Permanent Fulham Move After Impressive Loan Spell
Rivers United Humiliated as Nasarawa United Run Riot in 4–1 Thriller
‎Chelle can win next AFCON, He deserves a new contract –Ibitoye‎
‎Rivers United blame CAF Champions League for slump‎
Morocco National Team Captain Rejects AFCON Title, Backs Senegal as True Champions
‎Title race heats up as Rivers, Rangers face defining fixtures‎‎
Oborevwori Denies Assaulting Kickboxing Coach in Reimbursement Row
‎NFF faces court notice over congress misconduct‎
FULL CIRCLE AT WEMBLEY: ARSENAL, MAN CITY AND A FINAL LOADED WITH HISTORY
Finidi George Under Pressure as Rivers United’s Title Grip Slips
Osimhen Injury Shifted Momentum as Liverpool Power Through-Slot
Rivers United Stumble Again as Niger Tornadoes Strike Late to Deepen Title Tension
‎Ademola Lookman Cruise into UCL Q’finals, Osimhen Crash out‎
CAF Strips Senegal of AFCON Title, Crowns Morocco Champions After Dramatic Final Controversy
Ikorodu City Dominate Rivers United to Seal Crucial Home Victory
Rivers United Confront Tough Ikorodu City Test as NPFL Title Race Reaches Boiling Point
Obi Mikel Demands NFF Leadership Resignation After Nigeria’s World Cup Failure
Super Eagles Calvin Bassey is a beast” –Bryan Mbeumo‎
Ibinabo Fiberesima Opens Auditions For Web Series In Port Harcourt
Tinubu, NFF Mourns Former Super Eagles Coach Adegboye Onigbinde
Lemina Header Sinks Liverpool as Galatasaray Claim Crucial First Leg Victory
D’Tigress Arrive Lyon Ahead Of 2026 FIBA Women’s World Cup Qualifying
NPFL: Rivers United Trash Bendel Insurance to Remain Top
NCGC Guarantees N64bn Loans for 174,495 Nigerians, Supports 914,791 Jobs
Harry Kane Wins 2026 Ballon d’Or Ahead of Mbappé and Yamal
Future Eagles Thrash New Caledonia 7-0
Nigeria Cuts Child Malaria Rate to 15.2%, Targets 50% Reduction by 2030
NITDA, NACCIMA Partner to Boost Nigeria’s Digital Economy
Flamingos Coach Plots Tactics to Stop North Korea

Leave a Reply

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