FG to Issue N729bn Bond to Clear GenCos’ Debt
5 Articles
5 Articles
FG to Issue N729bn bond to clear GenCos’ debt
By Obas Esiedesa, Abuja The Federal Government is set to issue a second bond worth about N729 billion to electricity generation companies (GenCos) as part of efforts to clear verified legacy debts and improve liquidity in Nigeria’s power sector. The planned issuance will complete the first phase of the N4 trillion Presidential Power Sector Debt […] The post FG to Issue N729bn bond to clear GenCos’ debt appeared first on Vanguard News.
FG to Issue ₦729bn Bond for Power Sector Debts - Economi Confidential
The Federal Government will tomorrow host an investors’ forum in Abuja ahead of issuing a ₦729 billion bond to settle verified debts owed to electricity generation companies (GenCos). The post FG to Issue ₦729bn Bond for Power Sector Debts appeared first on Economi Confidential.
FG Eyes ₦729bn Fresh Bond to Clear GENCOS Debt — Akelicious
The Federal Government (FG) may be contemplating fresh loan to pay ₦729 billion debt owed electricity generation companies, GENCOS. Apparently, the federal government contemplates to issue a second bond of about ₦729 billion to settle verified debts owed to electricity generation companies, GENCOS.This is part of the Presidential Power Sector Debt Reduction Programme. An Investors’ Forum will hold on July 21, 2026. When this bond is issued, the …
FG Issues ₦729bn Bond to Clear GenCos’ Legacy Debts
The Federal Government has announced plans to issue a ₦729 billion bond to settle verified legacy debts owed to electricity generation companies (GenCos), in a bid to restore liquidity in Nigeria’s power sector and boost investor confidence.According to a statement by the Nigerian Bulk Electricity Trading Plc (NBET), the issuance scheduled to follow an Investors’ Forum on July 21, 2026 marks the second under the Presidential Power Sector Debt Re…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
