Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Market Index Soars as Nigerian Exchange Inches Near N165trn

    October 27, 2026

    Ripple Receives Final OCC Approval to Establish National Trust Bank

    October 27, 2026

    GTBank Launches Google Pay for Secure Online Payments

    October 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Market Index Soars as Nigerian Exchange Inches Near N165trn
    • Ripple Receives Final OCC Approval to Establish National Trust Bank
    • GTBank Launches Google Pay for Secure Online Payments
    • UBA Seeks Jail Term for WEMPCO Directors in N61bn Loan Recovery Drive
    • Tinubu Seeks NASS Consent to Access $20.5bn, €1.4bn Loans
    • Nvidia’s $3bn Meta Bet Exposes Major AI Unknown
    • Big Bang: Over £1trn of Equity Capital Raised Since 1986 – LSE
    • XRP Rises as Ripple Gets Approval to Launch National Trust Bank
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, October 27
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Electricity Consumers Increase to 11.47m in Q2

    Electricity Consumers Increase to 11.47m in Q2

    Marketforces AfricaBy Marketforces AfricaSeptember 8, 2023Updated:September 8, 2023 News No Comments2 Mins Read
    Electricity Consumers Increase to 11.47m in Q2
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Electricity Consumers Increase to 11.47m in Q2

    The number of electricity consumers rose by 200,000 from 11.27 million in the first quarter of 2023 to 11,47 million in the second quarter of the year. The National Bureau of Statistics (NBS) stated in its Nigeria’s electricity report for the second quarter of 2023 released in Abuja on Friday that the increase was by 1.84 per cent.

    The report focused on energy billed, revenue generated, and customers of electricity distribution companies during the period under review.

    It stated that on a year-on-year basis, the number of electricity customers increased by 6.17 per cent in the second quarter of 2023 from the 10.81 million reported in the corresponding period in 2022.

    It added that in the second quarter of 2023, the number of metered customers stood at 5.47 million from the 5.31 million recorded in the first quarter of the year, a 3.10 per cent increase.

    “On a year-on-year basis, this figure grew by 10.40 per cent from the 4.96 million figure reported in the second quarter of 2022,’’ the NBS stated. Similarly, estimated electricity customers stood at six million in the second quarter of 2023, showing an increase of 0.72 per cent over the 5.96 million consumers recorded in the first quarter of the year.

    On a year-on-year basis, estimated customers increased by 2.58 per cent in the second quarter of 2023 from the 5.85 million recorded in the corresponding period in 2022.

    The NBS stated also that electricity distribution companies collected N263.08 billion in revenue in the second quarter of 2023, an increase over the N247.33 billion they collected in the first quarter.

    It added that on a year-on-year basis, revenue collected rose by 39.63 per cent over the N188.41 billion collected in the second quarter of 2022. It stated that electricity supply increased to 5,909 (Gwh) in the second quarter of 2023 from 5,851 (Gwh) recorded in the first quarter of the year.

    The NBS added that on a year-on-year basis, electricity supply increased by 13.06 per cent in the second quarter of 2023 compared with the 5,226 (Gwh) reported in the second quarter of 2022. # Electricity Consumers Increase to 11.47m in Q2

    Fitch Flags Nigeria’s FX Reserves for Transparency Issue

    Electricity
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Market Index Soars as Nigerian Exchange Inches Near N165trn

    Ripple Receives Final OCC Approval to Establish National Trust Bank

    GTBank Launches Google Pay for Secure Online Payments

    UBA Seeks Jail Term for WEMPCO Directors in N61bn Loan Recovery Drive

    Tinubu Seeks NASS Consent to Access $20.5bn, €1.4bn Loans

    Nvidia’s $3bn Meta Bet Exposes Major AI Unknown

    Add A Comment

    Comments are closed.

    Editors Picks

    Market Index Soars as Nigerian Exchange Inches Near N165trn

    October 27, 2026

    Ripple Receives Final OCC Approval to Establish National Trust Bank

    October 27, 2026

    GTBank Launches Google Pay for Secure Online Payments

    October 27, 2026

    UBA Seeks Jail Term for WEMPCO Directors in N61bn Loan Recovery Drive

    October 27, 2026

    Tinubu Seeks NASS Consent to Access $20.5bn, €1.4bn Loans

    October 27, 2026
    Latest Posts

    Market Index Soars as Nigerian Exchange Inches Near N165trn

    October 27, 2026

    Ripple Receives Final OCC Approval to Establish National Trust Bank

    October 27, 2026

    GTBank Launches Google Pay for Secure Online Payments

    October 27, 2026

    UBA Seeks Jail Term for WEMPCO Directors in N61bn Loan Recovery Drive

    October 27, 2026

    Tinubu Seeks NASS Consent to Access $20.5bn, €1.4bn Loans

    October 27, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.