Tag: NBET

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...

FG begins N4tn debt settlement as five GenCos sign power sector deal

Business Damilola Bayonle -
The Federal Government has commenced what officials describe as a long-awaited reset of Nigeria’s electricity market, following the formal...

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...

Stakeholders Back Cost-Reflective Tariffs to Cut N200bn Power Subsidy

Business Damilola Bayonle -
Stakeholders at the just-concluded 6th National Council on Power (NACOP) have adopted a cost-reflective tariff regime. The council’s communique,...