Business

UK sets £40bn target for education exports by

  • 23rd January 2026

Cashew industry generates over $400m from export –

  • 23rd January 2026

Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

Contact Info

Some Populer Post

Nigeria has no Turkish ambassador yet, says Presidency

Appointments

2026 budget: FG allocates N198.53bn for 9,230 intervention projects

Finance

Wizkid, Asake make African music history with ‘Jogodo’

News

NEITI, EFCC, ICPC strengthen alliance against corruption in oil

News

Tag: Gencos

Business

GenCos invoices fell to N782.46bn in Q3 2025

The total invoice issued by power generation companies declined by N80.56bn in the third quarter of 2025, driven by a drop in energy offtake by electricity distribution companies, industry data shows. According to the Nigerian Electricity Regulatory Commission’s Q3 2025 report, GenCos billed N782.46bn in Q3 2025, compared with N863.02bn in the preceding quarter. The […]

featured

GenCos record ₦2.31tn loss from unutilised power in 12 years

Nigeria’s power generation companies have incurred losses amounting to ₦2.31 trillion over the past twelve years due to electricity that was available for production but went unused because of grid and operational limitations. Fresh data from the Association of Power Generation Companies, the umbrella body for all electricity generation firms in the country, revealed that […]

Why Nigeria needs 33,000MW for stable power supply – DisCos
Electricity featured

ICYMI: Enugu residents face 10-day blackout over TCN rehabilitation

MainPower Electricity Distribution Limited has announced scheduled power outages across Enugu metropolis from Wednesday, October 22, to Thursday, October 31, 2025. The outages will occur daily between 9 a.m. and 5 p.m. during this period. The Head of Corporate Communications at MainPower, Mr. Emeka Ezeh, made the disclosure in Enugu on Monday, according to the […]

92 million Nigerians without access to electricity - FG
Electricity

FG finalizes ₦4trn bond to settle GenCos debts

The Federal Government has finalized the implementation frameworks for a massive ₦4 trillion government-backed bonds to settle verified outstanding arrears owed to power Generation Companies and gas suppliers. This significant development was disclosed in a statement made available to newsmen in Abuja by the Special Adviser to the President on Energy, Mrs. Olu Verheijen. The […]

featured

FG’s debt to GenCos hit ₦1.05tn in H1 2025

The Federal Government’s debt to electricity generation companies has climbed to ₦1.05 trillion in the first half of 2025. This amount represents unpaid power subsidy obligations for the first and second quarters of the year. According to the Nigerian Electricity Regulatory Commission’s Second Quarter Report for 2025, the government accumulated ₦514.35 billion in subsidy obligations […]

featured

Tinubu okays ₦4tn bond to pay GenCos, gas suppliers

President Bola Tinubu has approved a ₦4 trillion bond to settle verified debts owed to power generation companies and gas suppliers, as part of measures to stabilise Nigeria’s electricity market and restore investor confidence. Minister of Power Adebayo Adelabu announced the approval in Abuja during the Expert Forum on “Uninterrupted Power: The Industrial Imperative” organised […]

Electricity

GenCos alarmed over exclusion from N4tn debt reconciliation

The Association of Power Generation Companies has expressed concern over their exclusion from the Federal Government’s ongoing debt verification and reconciliation exercise, which aims to address the N4 trillion owed to generation companies in Nigeria’s electricity sector. In a letter dated September 24, 2025, and signed by CEO Dr. Joy Ogaji, the APGC noted that […]

Electricity

Power plants crippled by grid failures, mounting debts – GenCos

The Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, has criticised threats to disconnect generation companies from the national grid, warning that unstable transmission and persistent market failures are damaging their plants and worsening financial losses. The GenCos are also demanding regulations to ensure prompt payment of their revenues by offtakers. […]

Business

Gencos resist NERC threat of grid disconnection

Nigeria’s power generation companies have pushed back against a new regulatory order that threatens to disconnect non-compliant plants from the national grid. The Nigerian Electricity Regulatory Commission, citing repeated system collapses, on Monday directed all generation companies to implement Free Governor Control across their generating units. The directive, contained in Order NERC/2025/094, took effect on […]

Electricity

GenCos warn tariff cut may deepen sector’s debt crisis

Electricity generation companies, under the Association of Power Generation Companies, have raised concerns that the Enugu Electricity Regulatory Commission’s decision to slash Band A tariffs could worsen the sector’s debt burden. On Sunday, the EERC announced a new tariff structure for MainPower Electricity Distribution Limited, lowering the Band A rate from N209 per kilowatt-hour to […]

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
Electricity

Tinubu to meet GenCos over N4tn power sector debt crisis

President Bola Tinubu’s planned meeting with the leadership of Nigeria’s power-generating companies comes as a response to the N4tn debt threatening the stability of the electricity supply chain. In a statement by the power ministry on Sunday, the meeting follows discussions between the Minister of Power, Adebayo Adelabu, and the Genco chairmen, highlighting concerns about […]

featured

FG to settle N2tn GenCos debt by December

The Minister of Power, Adebayo Adelabu, has revealed that the federal government plans to pay off N2 trillion out of the N4 trillion owed to power generation companies (GenCos) by the end of the year. The payment will be made through a combination of cash and promissory notes. Adelabu, stated that the N2 trillion to […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in