Tag: power generation companies

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 Sets December Deadline to Clear N2tn Debt Owed

Damilola Bayonle -
In a significant move to rescue Nigeria's struggling power sector, the Federal Government has announced plans to offset N2...