News | Job Vacancy | Tv/Interviews | Scholarships | Educations | Entertainment | Biography | Got Talent's | Phones | Super Stories | Sports News | Comedies | Business | Relationship | Tech | Movies Series | Search
Posted by: Rajih« on: March 17, 2020, 09:39:14 AM »As per Nigerian Electricity Regulatory Commission (NERC), The Republic of Togo, Niger and Benin owes the country a total of 29.97 billion naira for the electricity supplied to them for the period of 9 months (Jan – Sep,2019). Nigeria, through its electricity transmission company, supplies power to these countries, which are classified as international customers in the Nigerian power sector. A breakdown of the debt showed that Niger’s power firm, Societe Nigerienne d’electricite, failed to pay a total invoice of 3.01 billion naira it received in the first quarter of 2019; 3.69 billion naira in Q2; and 4.1 billion naira in Q3. Communaute Electrique du Benin, a power firm owned by Togo and Benin, did not pay 9.74 billion naira for the power supplied to it in Q1; 7.16 billion naira in Q2; and 2.27 billion naira in Q3. NERC said in its latest quarterly report released on Friday that the international customers made no payment for the total outstanding debt in Q3. “The Nigerian government has continued to engage the governments of neighbouring countries benefitting from the export supply to ensure timely payments for the electricity purchased from Nigeria”, it said. The regulator said the financial viability and commercial performance of the Nigerian electricity supply industry continued to be a major challenge.
UCL final: Proper coach – Mourinho hails Ancelotti by Rajih
[Today at 08:50:58 AM] Champions League: Why Real Madrid always win titles – Mourinho by Rajih [Today at 08:49:39 AM] Killing of soldiers: Markets, schools shut down as tension heightens in Aba by Rajih [Today at 08:47:11 AM] Popular Nigerian Islamic cleric is dead (Photo) by Miss Ifeoluwa [June 01, 2024, 05:10:39 PM] Biden vetoes congressional disapproval of SEC accounting bulletin on crypto... by Mr. Babatunde [June 01, 2024, 01:18:46 AM]
|