GenCos

3 Articles
Economy

FG Approves N3.3 Trillion Power Sector Debt Payment Amid Ongoing Electricity Crisis

The Federal Government has approved a payment plan to settle N3.3 trillion in outstanding debts owed in the power sector under the Presidential...

Economy

Nigeria’s Power Sector Crisis Worsens as FG Pays Only 4 Percent of Electricity Subsidy

The Federal Government’s failure to meet its financial obligations to power generation companies (GenCos) has intensified Nigeria’s electricity sector crisis. Fresh data shows...

Economy

FG Raises N501bn Bond to Begin Settlement of Power Sector Debts

The Federal Government has raised N501.02 billion from the bond market to commence the settlement of outstanding debts owed to power generation companies...