Business
NERC to compensate Band A consumers affected by poor power supply
The Nigerian Electricity Regulatory Commission, NERC has approved a special compensation package for eligible Band A electricity customers affected by poor power supply ...
Business
NMDPRA raise natural gas price from $2.13 to $2.18 per MMBtu
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has fixed a new domestic base price of $2.18 per 1 million British thermal ...
Business
NLC reject proposed N6trn bailout for power generation companies
The Nigeria Labour Congress (NLC) on Sunday, March 23, rejected the proposed N6 trillion bailout for Power Generation Companies (GenCoS), saying repeated financial ...
Business
GenCos shut down operations amid mounting N6.8trn debt burden
A growing number of Nigeria’s Power Generation Companies (GenCos) on Wednesday March 18, have shut down operations amid a mounting N6.8 trillion debt ...
Business
Tinubu approve N2.8trn payment to GenCos for 26 years electricity subsidy debt
President Bola Tinubu on Sunday, February 22, approved the payment of N2.8 trillion to Power Generation Companies (GenCos) as the federal government’s verified ...
Business
NLC oppose FG’s N3trn bailout plan to privately owned GenCos
The Nigeria Labour Congress (NLC) on Friday, February 20, opposed the federal government’s plan to grant a N3 trillion bailout to privately owned ...
Business
We received only N60m from N858bn appropriated in 2025 capital budget – NBET disclose
The Nigerian Bulk Electricity Trading (NBET) Plc on Thursday, February 12, disclosed that only N60 million was released from the N858 billion appropriated ...
Business
FG initiate N590bn first-tranche bond to repay power generation companies’ debt
The federal government has initiated a N590 billion first-tranche bond issuance to repay the N4 trillion debt owed to Power Generation Companies (GenCos). ...
