FG, Gencos Bicker Over Electricity Debt Reconciliation
The Federal Government and power generation companies have disagreed over the reconciliation of debts in Nigeria’s electricity market, with both sides offering differing accounts of the actual liabilities owed to the GenCos.
The Minister of Power, Adebayo Adelabu, said...
Nigeria spent ₦27.2tn servicing public debt between 2024 and 2025, exceeding capital expenditure by ₦3.9tn, according to a media brief from the Federal Ministry of Finance.
GenCos Reject Presidency's N2.8trn Debt Deal
The Association of Power Generation Companies (GenCos) has firmly rejected claims by Presidency sources that N2.8tn constitutes a newly verified and final settlement of legacy debts owed to electricity generation companies, describing the assertion as inaccurate and misleading.
In a...
Banks, Telcos Settle N300bn USSD Debt Dispute After 4 Years
Banks and telecommunications operators in Nigeria have ended a four-year dispute over nearly N300bn owed for Unstructured Supplementary Service Data services, with the debt now fully cleared, the Association of Licensed Telecommunications Operators of Nigeria...
AMCON Clears N3.6trn Debt to CBN, Targets N215bn Recovery for 2025
The Asset Management Corporation of Nigeria (AMCON), the government-owned agency established in 2010 to stabilize and revitalize the Nigerian financial system, recovered N156bn from debtors in 2024 while targeting a recovery of N215bn before...
NDPHC Commends Tinubu Over N4trn Bond Approval for GenCos' Debt Settlement
The Managing Director of the Niger Delta Power Holding Company (NDPHC) Jennifer Adighije, has commended President Bola Tinubu for his administration’s commitment to revamping Nigeria’s power sector, following his recent approval of a N4tn...
