What do you believe is the single most important factor driving up the cost of living in Nigeria?

The foreign companies are Para-SBEE in Benin Republic ($3.15m), Transcorp-SBEE in Benin ($4.46m), Mainstream-NIGELEC in Togo ($1.21m), and Odukpani-CEET in Togo ($5.36m).

NERC added that no remittances were made by bilateral customers within the country against the cumulative invoice of N1.86m issued to them by the market operator for services rendered in Q1 2024.

It, however, noted that some bilateral customers (both local and international customers) made payments during the quarter for outstanding Market Operator invoices from previous quarters.

“Cumulatively, a total of $5.96m was paid by two international customers. Similarly, the market operator received N505.71m from eight local bilateral customers as payment towards debts that were incurred pre-2024/Q1,” the report stated.

The commission said it was expecting the market operator to invoke the provisions of the market rules to curtail what it called the payment indiscipline being exhibited by local and international bilateral customers.

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