NERC Reports Togo, Niger, and Benin Republic Power Firms Owe Nigeria $8.5 Million
Electricity Debt Crisis: Nigeria's electricity grid faces an $8.5 million deficit due to unpaid bills from power companies in Togo, Benin, and Niger, with a low remittance rate of 51.33% from these international customers.
Domestic Payment Issues: Domestic power users also struggle with payments, with a remittance rate of about 50%, exacerbated by significant debts from entities like Ajaokuta Steel Company, prompting calls for government intervention.
Metering Progress: Despite financial challenges, Nigeria's power sector installed over 225,000 meters in Q2 2025, increasing the metering rate to 54.33%, although nearly half of registered customers remain unmetered.
Complaint Resolution Challenges: Customer complaints decreased by 10.67%, but the resolution rate at the Central Complaint Unit was only 45.63%, with ongoing issues related to metering, billing, and service interruptions.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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