Nigerian FG Settles N333bn GenCos Debts, Issues N729bn Bonds
The Nigerian Federal Government has settled N333 billion in debts owed to Generation Companies (GenCos) and issued N729 billion in bonds to investors. This move aims to address outstanding financial obligations in the power sector.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (19/100)Sources
FG settles N333bn GenCos debts
The Federal Government has settled N333bn of GenCos debts, fulfilling commitments under its power sector debt financing programme and restoring investor co Read More: https://punchng.com/fg-settles-n333bn-gencos-debts/
By Punch Newspapers
Read full article →FG pays N330bn to GenCos, issues N729bn bonds to investors
The Federal Government on Tuesday disclosed that it has paid about N333 billion to eight electricity generation companies (GenCos) under its power sector debt settlement programme, and launched a second N729 billion bond issuance aimed at clearing more legacy debts and restoring liquidity in the Nigerian Electricity Supply Industry (NESI). The post FG pays N330bn to GenCos, issues N729bn bonds to investors appeared first on Vanguard News.
By Henry Oduah
Read full article →Coverage Timeline
Related Stories
Trump Considers Military Action Against Iran Amid Hormuz Blockade Discussions; UK Declines to Join
just now
Investigation into Taguig Flood Control Projects Continues
just now
Philippine Army Deploys Battalion for BARMM Election Security
just now
Oriental Mindoro Police Tighten Security Ahead of Marcos Jr.'s Sona
just now