GENCOS
Tinubu Assures Power Firms of Debt Resolution, Seeks More Time for Verification
President Bola Tinubu has given assurances to Nigeria’s electricity generation companies (GENCOs) that his administration will resolve longstanding debt claims plaguing the power...
FG Moves to Avert Blackout with N2tn Payment to Power Generators
To prevent a looming shutdown of power generation plants, the Federal Government has outlined a strategy to offset N2tn of the staggering N4tn...
Nigeria’s Power Grid Faces Imminent Shutdown as GenCos Demand N4 Trillion Debt Settlement
The Association of Power Generation Companies (APGC) has issued a stark warning: Nigeria’s power grid is teetering on the brink of collapse. The...
Nigeria’s Power Grid Under Strain: Delayed Fund Deepens Liquidity Crisis
The failure to activate the Power Consumer Assistance Fund (PCAF) this quarter has significantly worsened Nigeria’s already precarious electricity liquidity situation, pushing monthly...
Nigeria’s Power Grid on Edge: Financial Strain Threatens Blackouts
The Nigerian power sector, a cornerstone of economic stability, is teetering on the brink of collapse. Despite repeated assurances from President Bola Tinubu’s...
Power Sector Grapples with N4 Trillion Debt, Fueling Industry Exodus
A staggering N4 trillion debt burden is crippling Nigeria’s power sector, prompting manufacturers to abandon the national grid and raising serious concerns about...
NNPC begins engagement with gas producers to boost supply
The Nigerian National Petroleum Corporation (NNPC) has begun engagement with gas producers in the country in order to boost gas supply to power...