Oil, Power Firms’ Bank Debts Rise To N5.94trn     The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019. The N5.94tn represents 29.16 per cent...

Oil, Power Firms Owe Nigerian Banks N5.83trn – NBS         The debts owed by energy firms to Nigerian banks rose by N200bn to N5.85tn in the third quarter of this year, according to the National Bureau of Statistics. The N5.85tn represents 29.44 per cent of the N19.87tn...

Power Firms Owe Us N160bn, Says NDPHC       The indebtedness of the power sector to the Niger Delta Power Holding Company has hit N160bn, the Managing Director, NDPHC, Chiedu Ugbo, stated on Wednesday. NDPHC is Nigeria’s power company fully subscribed to by the federal, state and local...

Oil, Power Firms Owe Banks N5.59trn - CBN   Energy firms in the country owe Nigerian banks a total of N5.59tn, the sectoral analysis of banks’ credit by the Central Bank of Nigeria has revealed. The N5.59tn represents 30 per cent of the N18.63tn loans advanced to...

Power Firms To Increase Grid Capacity By 96.4MW   The contract for the rehabilitation of the Jebba Hydropower Plant generating unit 2G6 to increase the total quantum of electricity generated on the national grid by 96.4 megawatts was signed by two power firms in Abuja on...

Gas Producers Lament Power Firms' N1.3trn Debt   Gas producers in the country have said power generation companies owe them a total of N1.3tn for the supply of the fuel to power stations. The nation generates most of its electricity from gas-fired power plants, while output from...