Tinubu promises to look into FG N4tn debt to GENCOS President Bola Tinubu on Friday appealed to power generation companies (GENCOs) to give the federal government more time...
FG promises to clear N4tn debt owed GenCos The Federal Government of Nigeria has owned up to owing the Power Generation Companies (GenCos) for electricity generated the...
GenCos threaten to shut down power over N4tn debt Power Generation Companies (GenCos) on Monday warned of imminent shutdown due to a N4 trillion debt owed by...
NERC presses DisCos to buy power directly from Gencos The Nigerian Electricity Regulatory Commission’s (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer...
FG exempts GenCos, DisCos, others from withholding tax The federal government has exempted all electricity companies, including Generation and Distribution Companies (GenCos and DisCos), from paying withholding taxes...
Tinubu okays payment of N2tn legacy debt to GenCos President Bola Ahmed Tinubu has approved N2 trillion as legacy debt for the generation companies. This follows a threat...
‘GenCos sell cheap power to neighbouring countries’ Some electricity Generating Companies (GenCos) sell electricity to neighbouring countries at a lower cost than the Distribution Companies (DisCos) in...
The Nigerian Electricity Regulatory Commission has revealed that it has issued 11 new electricity generation licenses. This was disclosed in NERC’s newly released report that details...
The Bureau of Public Enterprises (BPE) has announced immediate plans to sell five power generation plants to investors under the National Integrated Power Project. It has...
