FG, GenCos Disagree Over N4tn vs N6.3tn Electricity Debt
The Federal Government and power generation companies are at odds over the size of outstanding debts in Nigeria’s electricity market, ...
Tag: GenCos
Systemic Inefficiency: Only 32% of Installed Power Reaches National Grid
Nigeria’s perennial electricity crisis reached a new low in February 2026, as grid-connected power plants delivered an average of just ...
New IBEDC Board Targets 200MW Supply Boost
In a significant strategic pivot, the Ibadan Electricity Distribution Company (IBEDC) has announced plans to boost regional energy security by ...
GenCos Slam NLC Over Extortion Allegations
The Association of Power Generation Companies (APGC) has issued a scathing rebuttal against the President of the Nigeria Labour Congress ...
Reps Audit Gas Supply to GenCos Over Diversion
The House of Representatives has intensified its scrutiny of the power sector by constituting a seven-man sub-committee to conduct a ...
FG begins N4 trillion power sector debt settlement, captures five GenCos
The Federal Government of Nigeria has begun the settlement of a N4 trillion debt owed to power generation companies, marking ...
Economic Stakes Rise as Deadline Nears for Nigeria’s ₦590bn Power Sector Bond
Nigeria’s Federal Government is giving investors one last opportunity to take part in a major financing effort aimed at rescuing ...
Nigeria’s Power Generation Falters as Gas Shortages Hit Major GenCos
Nigeria is once again facing reduced electricity output across the country as gas supply shortages hit several power generation companies ...
FG, GenCos Sign N4trn Deal to Clear Power Sector Debts, Boost Energy Investment
The Federal Government has finalised implementation frameworks for a ₦4 trillion government-backed bond aimed at settling verified arrears owed to ...
