Nigeria's electricity regulator, the Nigerian Electricity Regulatory Commission (NERC), has issued new guidelines requiring formal regional reporting of transmission losses across the national grid, with a binding target to reduce losses to no more than 6.5 per cent by December 2026. The order, which took effect 13 April 2026, also mandates the installation of smart meters at all regional grid interconnection points by year-end and requires the Transmission Company of Nigeria (TCN) to submit a loss-reduction action plan by July. The move comes as Nigeria's power sector faces persistent infrastructure failures and a deepening revenue shortfall, with distribution companies collecting just N204.74 billion of the N336.43 billion worth of electricity supplied in January 2026 alone.