Bilateral Companies Owe Nigeria $8.5m for Power Supply - NERC
The Nigerian Electricity Regulatory Commission (NERC) has reported that some international bilateral companies owe Nigeria’s electricity generation companies (GenCos) about $8.5 million in unpaid power supply.
In its latest quarterly report, the Commission said the companies...
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...
President Bola Tinubu has approved a N4trn bond to clear verified debts owed to power generation companies and gas suppliers as part of efforts to stabilise Nigeria’s electricity market and restore confidence in the sector.
GenCos Raises Alarm Over Exclusion from FG's N4trn Debt Verification Process
The Association of Power Generation Companies (GenCos) has raised concerns over their exclusion from the Federal Government’s ongoing debt verification and reconciliation process, which seeks to address the N4tn owed to generation companies in...
N5.6trn Debt Threatens Energy Supply as Gas Firms Cut Supply
Nigeria faces the threat of nationwide blackouts as gas companies reduce their supply to power plants due to an outstanding N5.6 trillion debt owed to power generation companies.
The development has raised concerns about the stability...
