Nigeria’s power crisis worsened as several electricity generation companies shut down operations amid mounting debts estimated at about N6.8 trillion. Data from the national grid showed...
The Federal Government has commenced the process of settling ₦4 trillion in outstanding debts owed to Power Generation Companies (Gencos) with plans for a refinancing arrangement...
Power generation companies (GenCos) in Nigeria are urging President Bola Tinubu to expedite a planned engagement with their leadership as rising debts now totalling ₦4.7 trillion...
The Federal Government has reduced the price of natural gas for power generation companies in a move aimed at easing the financial pressure on the electricity...
The Senate, under the leadership of Godswill Akpabio, has accused Generating Companies (GenCos), the Transmission Company of Nigeria (TCN), and Distribution Companies (DisCos) of incompetence following...