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President Bola Ahmed Tinubu has appealed to electricity generation companies (GenCos) for patience as the Federal Government continues verification and validation of over ₦4 trillion in...
President Bola Ahmed Tinubu’s government has reiterated its commitment to settle the country’s ₦2 trillion legacy debt owed to electricity generation companies by the conclusion of...
Minister of Power, Adebayo Adelabu, has revealed that President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies (GenCos) as part of an...
Wholesale gas-producing companies have formally notified all power generation companies of the suspension of natural gas supply. This was disclosed by the Chief Executive Officer of...
It has become a matter of great concern that Nigerians nationwide have been experiencing distressingly frequent electricity power disruptions, resulting in immense difficulties for businesses, unbearable...
Nigerians are likely to experience more black out as power generation dropped on Tuesday at 14:00 hours from 3,553MW to 2,200MW. Naija News gathered that in...
The Association of Power Generation Companies has blamed the Distribution Companies for the low power generation in the country. Speaking at an event in Lagos on...
The Central Bank of Nigeria (CBN) has said Power Generation and Distribution Companies (DisCos) owe Nigerian banks ₦836.09bn since it was privatised over eight years ago....
Electricity Distribution Companies’ payment to Generation Companies for electricity generation has dropped by 50 percent, Naija News understands. Data from the Nigerian Electricity Regulatory Commission (NERC)...
The Association of Nigerian Electricity Distributors (ANED) say the total shortfall in the Nigerian power sector has reached ₦1.6trn in eight years. The ANED Spokesman, Sunday...
The Nigerian Electricity System Operator has disclosed that over 1000 megawatts of electricity are currently not allocated to Power Distribution Companies (DisCos). According to data from...
Non-payment of bills due to unused electricity has caused Electricity Generation Companies, GENCOs, a huge revenue loss between January and November 2021. Authoritative industry reports made...
The continuous payment of gas supply for the generation of power by the Niger Delta Power Holding Company (NDPHC) has placed a huge debt on the...
Electricity generating and distribution companies (Gencos and Discos), have denied receiving money from the federal government to provide free electricity to Nigerians during the coronavirus lockdown....
