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The Federal Government has paid N333 billion to clear verified legacy debts owed to eight electricity generation companies. The cash disbursement covers 17 individual power plants across the country under the Presidential Power Sector Financial Reforms Programme. State administrators finalized the payout to relieve severe illiquidity across the domestic power value chain. The transaction completes…
The Federal Government will issue a second power sector bond worth N729 billion to clear verified legacy debts owed to electricity generation companies. The looming capital market intervention aims to inject desperate liquidity into the gasping domestic electricity supply industry. State administrators will host an essential Investors’ Forum on Tuesday to pitch the debt instrument…
Nigeria’s power generation companies have raised fresh concern over a looming N1 trillion debt, warning that persistent liquidity challenges and stranded capacity now exceeding N2.376 trillion are threatening the survival of the sector. The operators say urgent intervention by the Federal Government is needed to stabilise the market, improve cash flow and prevent…
