Business Hilights

Tracking Nigeria's Headline Business News Online

electricity generation companies (Gencos)

Darkness imminent as Gencos plot force majeure on N600bn debt, NBET issue

In view of the volume of debts rising to N600bn owed electricity generation companies (Gencos), they are currently weighing the declaration of inability to continue business which will translate to nationwide blackout. A top official of the group confided in…