Nigerian govt raises additional N729bn in power sector bond

The Federal Government has raised N728.979bn through the second issuance under its N4tn Power Sector Multi-Instrument Issuance Programme, bringing the value of bonds issued under the first phase of the initiative to approximately N1.23tn. The latest issuance is aimed at settling verified outstanding debts owed to electricity generation companies, whose unpaid claims have weakened liquidity […]…

ripplesnigeria.com ·3h ago

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Nigerian govt raises additional N729bn in power sector bond

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