‘Institutionalised Extortion’ Allegations by NLC False, Misrepresent Facts - GenCos The Association of Power Generation Companies (APGC) has stated that allegations by the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, claiming electricity Generation Companies GenCos are engaging in “institutionalised extortion” and make...

GenCos Decry N6tn Unpaid Electricity Bills  Power generation companies under the umbrella of the Association of Power Generation Companies have disclosed that outstanding unpaid invoices for electricity generated and supplied to the national grid have surged to about N6tn, raising fresh concerns over the sustainability...

Nigeria’s power generation companies has urged the Federal Government to extend its proposed ₦3.6 trillion electricity subsidy plan beyond 2028.

FG Moves to Tackle ₦4tn Power Debt as Five Gencos Sign Settlement Deals The Federal Government has taken steps towards resolving Nigeria’s estimated N4tn power sector debt burden as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme, following...

As Nigeria navigates major reforms across various sectors of its economy, the country has had to adapt to the current realities.

FG Commences ₦4tn Debt Repayment to GenCos via Bond Issuance The Federal Government has begun the process of repaying the N4tn debt owed to Power Generation Companies with the launch of a N590bn first-tranche bond issuance. The initial tranche, part of a wider N4tn NBET Finance...