Nigerian Government Pays N330bn to GenCos, Issues N729bn Bonds for Power Sector Debt

The Nigerian Federal Government has announced payments of approximately N333 billion to eight electricity generation companies (GenCos) as part of its power sector debt settlement program, and has launched a second N729 billion bond issuance to investors.

22 Jul, 04:29 — 22 Jul, 04:29

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vanguard-ngMixed40d ago

FG pays N330bn to GenCos, issues N729bn bonds to investors

By Obas Esiedesa The Federal Government yesterday said 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). Speaking at an investors’ […] The post FG pays N330bn to GenCos, issues N729bn bonds to investors appeared first on Vanguard News.

By Urowayino Jeremiah

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Nigerian Government Pays N330bn to GenCos, Issues N729bn Bonds for Power Sector Debt

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FG pays N330bn to GenCos, issues N729bn bonds to investors

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