Nigeria's Power Sector Secures ₦501bn Bond Amidst ₦3.3trn Debt

Nigeria's power generation companies (GenCos) welcomed a ₦501 billion bond issuance, viewing it as a crucial step towards stabilizing the sector, which is burdened by a ₦3.3 trillion debt.

7 Apr, 20:23 — 7 Apr, 20:23

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vanguard-ngMixed3h ago

₦3.3trn Power Debt: ₦501bn bond signals investors’ confidence in reform programme — GenCos

Reacting on behalf of the GenCos, Managing Director of First Independent Power Limited, Mr. Seyi Sobogun, described the development as a critical step toward restoring stability in the sector. The post ₦3.3trn Power Debt: ₦501bn bond signals investors’ confidence in reform programme — GenCos appeared first on Vanguard News.

By Akinbayo Wahab

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Nigeria's Power Sector Secures ₦501bn Bond Amidst ₦3.3trn Debt

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₦3.3trn Power Debt: ₦501bn bond signals investors’ confidence in reform programme — GenCos

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