Tag: power sector debt

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...

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...

Tinubu cuts GenCos’ N6tn bill claim to N2.8tn, orders strict conditions on power debt payment

Business Damilola Bayonle -
Tinubu slashes GenCos’ N6tn bill to N2.8tn after audit showdown President Bola Tinubu has approved the payment of N2.8tn to...

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...

Gas firms sustain power supply with 180bscf despite N2.7tn debt

Business Damilola Bayonle -
Despite grappling with a staggering N2.7 trillion legacy debt, gas companies in Nigeria have continued to keep the country’s...