gencos

  1. Nigeria's Power Sector on Brink of Collapse - GenCos Warn, Owed N6.2 Trillion

    Nigeria Nigeria's Power Sector on Brink of Collapse - GenCos Warn, Owed N6.2 Trillion

    The Digest: The Association of Power Generation Companies (GenCos) has sounded a distress alarm, warning that Nigeria's power sector is on the verge of collapse due to unpaid capacity payments totalling over N6.2 trillion. According to a statement by CEO Dr Joy Ogaji, only 35% of payments for...
    • Nigeria News
    • Article
    • 1 min read
    • gencos n6.2 trillion power sector
    • Category: Business
  2. FG Issues N590bn Bond to Settle Power Sector Debt, Aims to End "Legacy Overhang"

    Nigeria FG Issues N590bn Bond to Settle Power Sector Debt, Aims to End "Legacy Overhang"

    The Digest: The Federal Government has taken a significant step toward resolving the chronic liquidity crisis in Nigeria's power sector with the issuance of a N590 billion bond. Key Points: The Federal Government has issued a N590 billion bond as the first phase of a N4 trillion power...
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