N4tr Gencos Debt: Tinubu approves repayment plan
President Bola Ahmed Tinubu has approved a plan to refinance 4 trillion naira ($2.61 billion) in debt primarily owed to 27 power generation companies (Gencos) for outstanding invoices between 2015…
President Bola Ahmed Tinubu has approved a plan to refinance 4 trillion naira ($2.61 billion) in debt primarily owed to 27 power generation companies (Gencos) for outstanding invoices between 2015…
Power sector woes continue to plague Nigeria economy. To address the issue the liquidity has been profer as the most appropriate solution to get the sector on the efficient path.…
CEM Report, Energy | Nigeria’s power sector is facing a significant challenge: a vast metering gap that leaves millions of consumers reliant on estimated billing. This often leads to disputes…
CEM REPORT, POWER| Addressing a longstanding challenge, the Nigerian government has allocated ₦20 billion for the procurement of meters for Band A electricity customers. This initiative, expected to be completed…
CEM REPORT, ELECTRICITY| In a move aimed at providing relief to its customers, Ikeja Electric Distribution Company (IE) announced a significant reduction in electricity tariff for customers under the Band…
CEM REPORT, ENERGY | The Nigerian Electricity Regulatory Commission (NERC) has announced the approval of new electricity tariffs, a move anticipated to significantly reduce the government’s subsidy burden for the…
Nigeria has been plagued by persistent nationwide power blackouts, with about half of the population having access to electricity. This issue is largely attributed to poor infrastructure maintenance, inefficiencies in…