The Federal Government has raised N501.02 billion from the bond market to begin settling outstanding debts owed to power generation companies (GenCos), as part of efforts...
Efforts by the Federal Government (FG) to address debts owed to electricity generation companies (GenCos) may be facing increasing challenges as the debt burden rose 62.5%...
The House of Representatives Public Accounts Committee has called on 11 electricity Distribution Companies (Discos) to account for an outstanding ₦2.6 trillion debt owed to the...
The Central Bank of Nigeria (CBN) has reported a significant reduction in its net loans and receivables, dropping by ₦4.145 trillion in 2024. This decline, according...
Nigeria may soon face a nationwide blackout as the Association of Power Generation Companies (APGC) has raised alarm over the possible shutdown of electricity generation operations...
