Browsing Tag
GENCOs
3 posts
Nigeria settles N330 billion debt to power firms and launches N729 billion bond
The Nigerian government has paid N333 billion to eight power generation companies and launched a N729 billion bond to clear legacy debts and stabilize the electricity sector.
Government Plans N729 Billion Bond to Settle Outstanding GenCo Debts
To bolster liquidity and resolve long-standing financial hurdles in the power sector, the Nigerian government is set to issue a N729 billion bond for electricity generation companies.
Government and Power Producers Remain at Odds Over Unpaid Electricity Debt
The Nigerian government and electricity generation companies are in dispute over a massive debt crisis, with the state claiming to settle N4 trillion in arrears while producers insist the debt has hit N7 trillion.