RMAFC, NBET explore strategies for power sector stability

Barbara Bako, Abuja. The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has engaged the Nigerian Bulk Electricity Trading Plc (NBET) on ways to strengthen transparency and funding mechanisms in Nigeria’s…

FG moves to clear N2trn power debt, reinforces sector reform

The Federal Government has begun steps to settle a N2 trillion legacy debt owed to electricity generation companies, a move seen as a clear signal of its commitment to long-term…

Tinubu moves to tackle N4trn power debt as crisis deepens

As Nigerians continue to face mounting pressure from the worsening power crisis, President Tinubu is set to meet with electricity producers for high-level discussions aimed at untangling the N4 trillion…

PenCom, NERC collaborate to enforce pension compliance by GENCOs, DISCOs

Barbara Bako, Abuja. The National Pension Commission (PenCom) is working with the Nigerian Electricity Regulatory Commission (NERC) to persuade electricity Generation Companies (GenCos) and Distribution Companies (DisCos) to remit outstanding…