Nigeria reveals $17.8 million electricity debt owed by its neighbours

The Nigerian Electricity Regulatory Commission (NERC), in its Third Quarter 2025 report, disclosed that Togo, Niger, and Benin owe Nigeria $17.8 million (N25 billion).

The report showed that the Market Operator invoiced a total of $18.69 million for electricity provided over the review period to the three countries, but only remitted $7.125 million, leaving an outstanding balance of $11.56 million.

Furthermore, international bilateral clients had legacy invoices totaling $14.7 million, of which they paid $7.84 million, leaving a debt of $6.23 million.

As reported by the Punch Newspaper, the debt accumulated between the previous quarters and Q3 2025 was $17.8 million (N25.36 billion).

The regulator identified the international offtakers as Compagnie Énergie Électrique du Togo, Société Béninoise d'Énergie Électrique of the Republic of Benin, and Société Nigérienne d'Électricité of the Republic of Niger.

The regulatory body reported that the three foreign bilateral clients that bought electricity from the grid-connected GenCos paid a total of $7.125 million toward the $18.69 million invoice that the Market Operator sent them for services provided in 2025/Q3.

A majority of the invoices remained outstanding at the close of the quarter, per to the report, which revealed that the remittance level reflected a 38.09 percent remittance performance.

“The three international bilateral customers being supplied by GenCos in the NESI made a payment of $7.12m against the cumulative invoice of $18.69m issued by the MO for services rendered in 2025/Q3, translating to a remittance performance of 38.09 per cent,” the NERC stated.

“The domestic bilateral customers made a cumulative payment of N3.19bn against the invoice of N3.64bn issued to them by the MO for services rendered in 2025/Q3, translating to 87.61 per cent remittance performance,” it added.

The NERC went on to disclose that, from a total invoice of N400.48 billion, Nigeria's 11 energy distribution companies sent a sum totaling N381.29 billion to the Nigerian Bulk Energy Trading Plc and the Market Operator in Q3 2025.

This reflects a remittance performance of 95.21%.

By Chinedu Okafor, Business Insider Africa

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US introduces $15,000 visa bond for Nigerians

The United States has introduced new travel restrictions that could require Nigerians applying for B1/B2 visas to post bonds of up to $15,000.

According to information published on the US Department of State’s website, Travel.State.Gov, the payment of a bond does not guarantee visa issuance, adding that fees paid without the direction of a consular officer will not be refunded.

Of the listed Nations, African countries accounted for 24 of the 38, including Nigeria, in the updated list released by the US State Department on Tuesday.

Visa bonds are financial guarantees required by the US State Department for certain foreign nationals from countries classified as high-risk, who are applying for B1/B2 visas for business or tourism purposes.

The implementation dates vary by country, with Nigeria’s date set for January 21, 2026.

The Department of State said nationals from the listed countries have been identified as requiring visa bonds, with implementation dates shown in parentheses.

Countries affected include Algeria (21 January 2026), Angola (21 January 2026), Antigua and Barbuda (21 January 2026), Bangladesh (21 January 2026), Benin (21 January 2026), Bhutan (1 January 2026), Botswana (1 January 2026), Burundi (21 January 2026), Cabo Verde (21 January 2026), Central African Republic (1 January 2026), Côte d’Ivoire (21 January 2026), Cuba (21 January 2026), Djibouti (21 January 2026), Dominica (21 January 2026).

Others are; Fiji (21 January 2026), Gabon (21 January 2026), The Gambia (11 October 2025), Guinea (1 January 2026), Guinea-Bissau (1 January 2026), Kyrgyzstan (21 January 2026), Malawi (20 August 2025), Mauritania (23 October 2025), Namibia (1 January 2026), Nepal (21 January 2026).

The rest are; Nigeria (21 January 2026), São Tomé and Príncipe (23 October 2025), Senegal (21 January 2026), Tajikistan (21 January 2026), Tanzania (23 October 2025), Togo (21 January 2026), Tonga (21 January 2026), Turkmenistan (1 January 2026), Tuvalu (21 January 2026), Uganda (21 January 2026), Vanuatu (21 January 2026), Venezuela (21 January 2026), Zambia (20 August 2025), and Zimbabwe (21 January 2026).

The directive states that, “Any citizen or national travelling on a passport issued by one of these countries, who is otherwise found eligible for a B1/B2 visa, must post a bond of $5,000, $10,000, or $15,000. The amount is determined during the visa interview.

“Applicants must also submit the Department of Homeland Security’s Form I-352. Applicants must also agree to the terms of the bond through the US Department of the Treasury’s online payment platform, Pay.gov. This requirement applies regardless of the place of application.”

It added that Visa holders who post bonds must enter the United States through designated airports, including Boston Logan International Airport, John F. Kennedy International Airport in New York, and Washington Dulles International Airport in Virginia.

Bonds will only be refunded when the Department of Homeland Security records the visa holder’s departure from the United States on or before the expiration of their authorised stay, when the applicant does not travel before the visa expires, or when a traveller applies for and is denied admission at a US port of entry.

This development follows the introduction of partial US travel restrictions on Nigeria a week earlier. Nigeria was among 15 mostly African countries, including Angola, Antigua, Benin, Côte d’Ivoire, Gabon, The Gambia and others that were placed under partial travel suspensions by the US government on 16 December.

In Nigeria’s case, the US cited the presence and operations of radical Islamic terrorist groups such as Boko Haram and the Islamic State in certain parts of the country, resulting in “substantial screening and vetting difficulties.”

An overstay rate of 5.56 per cent for B1/B2 visas and 11.90 per cent for F, M, and J visas was also cited as a justification for Nigeria’s inclusion. As a result, the travel suspension covered immigrant visas as well as non-immigrant categories, including B-1, B-2, B-1/B-2, F, M, and J visas.

By Deborah Musa, Punch