FG to Settle N2trn Debt Owed to GenCos by December   The Minister of Power, Adebayo Adelabu, has announced that the government has outlined plans to offset N2trn out of the N4tn debt owed to power generation companies by the end of the current year. He said...

Minister of Power has pledged to address N4tn electricity debt owed by GenCos, which saw the electricity distribution companies threatening a shutdown on Monday.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has slashed the price of natural gas for power generation companies.

FG Pays N205bn From N1.3trn Owed Power Generation Companies The federal government yesterday said it had offset N205 billion from the N1.3 trillion debt owed Generation Companies (Gencos) to raise the level of liquidity in the power sector. The government also stated that the noticeable improvement...

Power Generation Increases by 25% in 12 months, Says Minister The Minister of Power, Adebayo Adelabu, has announced a 25 percent increase the Nigeria’s power generation, stating that this has occurred within one year of his appointment to head the ministry. Adelabu disclosed this at the...

GenCos, DisCos, Others Exempted from Withholding Tax The federal government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the payment of Withholding Tax in the country. This was contained in the new Withholding Tax regulation document...