GenCos News
Latest articles and news about GenCos on AXL Media.
Latest Articles
- Adelabu Resigns as Power Minister to Pursue Gubernatorial Ambitions Amidst National Grid Instability
Published: Apr 25, 2026
Section: Africa
Adebayo Adelabu has officially resigned as Nigeria's Minister of Power, submitting his exit letter to the Secretary to the Government of the Federation, Sen. George Akume. His depa...
- Nigerian Power Generation Companies Applaud N501 Billion Bond Issuance Aimed At Sector Reforms
Published: Apr 8, 2026
Section: Africa
Power Generation Companies have expressed strong support for a N501 billion bond raised to finance the Presidential Power Sector Financial Reforms Programme. This initiative is str...
- FG Issues Landmark N501.02 Billion Bond To Resurrect Power Sector Liquidity And Settle Legacy Debts Under Tinubu’s N4 Trillion Reform Plan
Published: Mar 31, 2026
Section: Africa
The Federal Government of Nigeria has launched a N501.02 billion bond aimed at addressing the chronic liquidity crisis within the electricity market. Executed via the Nigerian Bulk...
- Minister Adelabu Cites Record Power Generation and Debt Settlement as Evidence of Successful Sector Transformation
Published: Mar 28, 2026
Section: Africa
Power Minister Adebayo Adelabu has announced that Nigeria has achieved its highest recorded electricity generation levels to date. Speaking at the Q1 2026 NESI Stakeholders’ Meetin...
- Severe Structural Flaw Revealed as Only Two Nigerian Power Plants Maintain Firm Gas Supply Contracts Amid Grid Collapse
Published: Mar 25, 2026
Section: Africa
Minister of Power Adebayo Adelabu disclosed that 30 out of 32 national grid connected power plants lack guaranteed fuel supplies, operating instead on a non binding best endeavour...