Tag: GenCos

Adelabu’s deadline fails as Nigeria power crisis remains below 4,000MW

Business Damilola Bayonle -
Power Crisis Deepens in Nigeria as Minister Adebayo Adelabu’s Two-Week Electricity Recovery Promise Falls Short Nigeria’s persistent electricity crisis has...

Electricity Tariff Hike Looms as Rising Gas Prices Push Nigeria’s Power Sector to the Brink

Business Damilola Bayonle -
Nigeria’s power sector is once again on the brink of a major pricing shift, as operators intensify calls for...

Blackouts in Nigeria worsen as GenCos, DisCos trade blame over rejected power

Business Damilola Bayonle -
Nigeria’s persistent electricity crisis has taken a new turn as power generation companies (GenCos) and electricity distribution companies (DisCos)...

FG, GenCos disagree over electricity debt figures as N6.3tn claims face fresh scrutiny

Business Damilola Bayonle -
A fresh dispute has emerged in Nigeria’s power sector as the Federal Government and electricity generation companies clash over...

Power crisis deepens as GenCos lament delay in N501bn debt bond payments

Business Damilola Bayonle -
GenCos decry non-payment despite N501bn debt bond scheme Power generation companies in Nigeria have raised fresh concerns over liquidity constraints...

GenCos reject Tinubu’s alleged N2.8tn debt settlement, demand full audit disclosure

Business Damilola Bayonle -
Nigeria’s power generation companies have rejected claims that the Federal Government has approved N2.8tn as the final settlement of...

Power sector tension deepens as NLC GENCOs clash over N6tn debt and proposed N3tn bailout

Business Damilola Bayonle -
NLC GENCOs clash over N6tn debt, N3tn bailout plan The NLC GENCOs clash over N6tn debt, N3tn bailout plan has...

FG begins N4tn GenCos debt repayment With landmark bond issuance

Business Damilola Bayonle -
Nigeria’s long-standing financial troubles in the power sector entered a decisive new phase as the Federal Government initiated repayments...

GenCos lose N2.3tn to stranded power generation in Nigeria over 12 years

Business Damilola Bayonle -
Nigeria’s electricity generation companies (GenCos) have lost more than N2.31 trillion over the last 12 years due to persistent...

N200b Monthly Electricity Subsidy not Sustainable – Minister

News Omolola Akinyemi -
Power Minister Raises Alarm Over N200 Billion Monthly Electricity Subsidy, N4 Trillion Debt to GenCos The Minister of Power, Chief...

Gencos Seek Tinubu Meeting Over N4.7tn Debt

Business Damilola Bayonle -
Electricity generation companies (Gencos) in Nigeria have urged President Bola Tinubu to promptly schedule a long-awaited meeting over the...

Power Crisis: Tinubu to Meet GenCos over N4trn Debt

Economy Omolola Akinyemi -
The government is committed to resolving GenCos debt to stabilise the sector and prevent further crisis. The Minister of Power,...