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...

N3.7tn Debt Threatens Power Generation Power generation companies have declared that the sector’s indebtedness to companies that produce electricity is now N3.7tn and that this is a threat to further electricity production. Electricity producers under the aegis of the Association of Power Generation Companies drew the...

FG to Probe N2tn Subsidy as Senate Reject Electricity Tariff Hike The Senate has kicked against plans by the Ministry of Power to approve the proposed hikes in electricity tariff by Distribution companies. The Senate also rejected plans to remove electricity subsidy given the present hardships...