The debts owed to the two power companies listed on the NGX, Geregu Power Plc and Transcorp Power surged to N420 billion, the highest ever on record in 2024.
Transcorp Power and Geregu Power are facing significant unpaid bills, with Transcorp Power's customers owing N298.4 billion and Geregu’s
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
