Business
FG plan N729bn bond issuance to pay N4trn debts owed to GenCos
The federal government has announced plans to issue the second tranche of a N729 billion bond to pay the N4 trillion debts owed ...
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
FG to share electricity subsidy costs with other tiers of government, ending burden in power sector
The federal government, on Monday, February 2, announced plans to share the electricity subsidy costs with other tiers of government from 2026, thereby ...
Business
FG to tackle N4trn power sector debt as 5 GenCos sign PPSDRP settlement agreements
The federal government on Tuesday, January 27, moved to tackle the estimated ₦4 trillion debt backlog in the power sector as five power ...
