Back to News
business

FG raises N1.23 trillion to tackle N4 trillion GenCo debt

The Federal Government has raised about N1.23 trillion through two bond issuances under its power sector debt reduction programme, as it moves to settle about N4 trillion in legacy

Olalekan AdigunSeptember 15, 20261 min read
Your Business Needs More Than a Website.

Promoted

Your Business Needs More Than a Website.

Custom software, automation, web apps, mobile apps and business systems built around how you work.

Build digital systems around the way your business operates.

Explore Software Services

The Federal Government has raised about N1.23 trillion through two bond issuances under its power sector debt reduction programme, as it moves to settle about N4 trillion in legacy obligations owed to electricity Generation Companies (GenCos).

The post FG raises N1.23 trillion to tackle N4 trillion GenCo debt appeared first on Nairametrics.

Source

NairametricsRead original

Discussion

Join the conversation about this story.

Sign in or create an account to join the discussion.

No comments yet. Be the first to respond.

Related Articles

NMDPRA’s new fuel rules trigger pushback from marketers
business

NMDPRA’s new fuel rules trigger pushback from marketers

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday convened stakeholders and marketers following several reactions to its proposed Prevention o

Sep 22, 20261 min read
Read

Nairametrics

FG to deploy 300 containers of power equipment for nationwide transmission upgrades
business

FG to deploy 300 containers of power equipment for nationwide transmission upgrades

The Minister of Power, Mr Joseph Olasunkanmi Tegbe, has disclosed that the Federal Government will deploy and install 300 containers of critical power equipment to boost transmissi

Sep 22, 20261 min read
Read

Nairametrics

NMDPRA threatens licence revocation for petrol stations under-dispensing products
business

NMDPRA threatens licence revocation for petrol stations under-dispensing products

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned petrol station operators nationwide that persistent or serious cases of under-dispensing co

Sep 22, 20261 min read
Read

Nairametrics

Experts: FG tariff freeze could deepen electricity market revenue pressure
business

Experts: FG tariff freeze could deepen electricity market revenue pressure

The Federal Government’s decision not to increase electricity tariffs in the immediate term could leave Nigeria’s electricity market facing a persistent revenue shortfall, as DisCo

Sep 22, 20261 min read
Read

Nairametrics

NEPZA tightens import checks, targets illegal imports in Free Trade Zones
business

NEPZA tightens import checks, targets illegal imports in Free Trade Zones

The Nigeria Export Processing Zones Authority (NEPZA) has ordered stricter checks on imports into Free Trade Zones to curb illegal importation and other regulatory breaches. The po

Sep 22, 20261 min read
Read

Nairametrics

Dangote signs $450 million deal with Engineers India to build Kenya refinery
business

Dangote signs $450 million deal with Engineers India to build Kenya refinery

Dangote Group has signed a deal worth more than $450 million with Engineers India Ltd. (EIL) to oversee the development of its planned 700,000-barrels-per-day greenfield refinery a

Sep 22, 20261 min read
Read

Nairametrics