Tinubu Approves ₦3.3 Trillion Power Sector Debt Settlement — But GenCos Say the Real Figure Is Twice That
The Federal Government announced a ₦3.3 trillion settlement plan for a decade of power sector arrears on Sunday, with 15 generation companies already signed on and ₦223 billion disbursed. But the Association of Power Generation Companies insists the actual debt stands at over ₦6 trillion — raising fundamental questions about who verified the figures, and on what terms. BY TMN…
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Tinubu Approves ₦3.3 Trillion Power Sector Debt Settlement — But GenCos Say the Real Figure Is Twice That
The Federal Government announced a ₦3.3 trillion settlement plan for a decade of power sector arrears on Sunday, with 15 generation companies already signed on and ₦223 billion disbursed. But the Association of Power Generation Companies insists the actual debt stands at over ₦6 trillion — raising fundamental questions about…
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Seplat Workers Begin Indefinite Strike, Raising Risks to Nigeria’s Oil Output
Lagos — Workers at have embarked on an indefinite strike, introducing fresh uncertainty into Nigeria’s oil production outlook at a moment when global prices are rising and the country is under pressure to maximise output. The industrial action, which commenced on Friday, affects one of Nigeria’s most important independent producers, with operations concentrated in key onshore assets in the Niger…
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Tinubu Approves ₦3.3 Trillion Power Sector Debt Settlement — But GenCos Say the Real Figure Is Twice That
The Federal Government announced a ₦3.3 trillion settlement plan for a decade of power sector arrears on Sunday,…
INEC to Begin Nationwide Voter Revalidation Exercise April 13
Abuja — The (INEC) has announced that it will commence a nationwide voter revalidation exercise on April 13,…
Seplat Workers Begin Indefinite Strike, Raising Risks to Nigeria’s Oil Output
Lagos — Workers at have embarked on an indefinite strike, introducing fresh uncertainty into Nigeria’s oil production outlook…