FG Begins Repayment of ₦4tn GenCos Debt with ₦590bn Bond Issuance
The Federal Government has commenced the long-awaited process of repaying the ₦4 trillion debt owed to Power Generation Companies (GenCos) ...
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Tag: #PowerSector
Nigeria Distributed Only 40% of Installed Power Capacity in October – NERC Report
A newly released factsheet by the Nigerian Electricity Regulatory Commission (NERC) has revealed that electricity distribution companies supplied only an ...
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EKEDC Appoints Rekiah Momoh as Acting CEO
The Board of Eko Electricity Distribution Company (EKEDC) has announced the appointment of Rekiah Momoh as the company’s Acting Chief ...
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Genesis Energy, NNPC Partner to Supply Excess Power from Port Harcourt Refinery to National Grid
Genesis Energy Limited and the Nigerian National Petroleum Company Limited (NNPC Ltd.) have announced a strategic partnership to channel excess ...
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NERC: FG’s Debt to Power Generation Companies Hits N1.05tn in First Half of 2025
The Federal Government’s debt to electricity generation companies (GenCos) has risen to N1.05 trillion in the first half of 2025, ...
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NERC: International Firms Owe Nigerian Power Generators $8.5 Million in Unpaid Electricity Bills
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that some international bilateral customers owe Nigeria’s electricity generation companies (GenCos) about ...
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NERC Reports 27.9% Decline in DisCos’ Revenue Remittance for Q2 2025
The Nigerian Electricity Regulatory Commission (NERC) has reported a sharp decline in revenue remittance by electricity distribution companies (DisCos) in ...
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NISO Seeks Balance Between State Tariff Changes and National Grid Stability
The Nigerian Independent System Operator (NISO) has reaffirmed its commitment to harmonising state-level electricity tariff adjustments with the operational stability ...
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