Metro
FG Issues N729Bn Bond To Offset Debt Owed GENCOs’
The Federal Government has issued an additional N729 billion bond, to defeat the N4 trillion debts owed generation companies….
The Federal Government has issued an additional N729 billion bond, to defeat the N4 trillion debts owed generation companies.
In January, the government issued a N501 billion bond and now, the two instruments constitute the N1.23 trillion Series 1 and Series 2 components of the Capital Market Multi-Instrument Issuance Programme.
In July 2024, President Bola Tinubu authorised a comprehensive review of the power sector’s liabilities, leading to the constitution of the Presidential Power Sector Debt Reduction Committee.
The Committee is to establish the verified composition of sector liabilities, restore counterparty trust through co-ordinated settlement and design a sustainable, market-based resolution framework.

Headlines9 hours agoI retired as an Asst. Director, equal to a Brigadier, while Al-Mustapha retired as a Major—Dennis Amachree
Headlines9 hours agoWhy Didn’t He Ask Those Probing Questions Like Seun Okinbaloye?–Olayinka Tackles Rufai Oseni Over Peter Obi’s TV Interview
Special Report23 hours ago“Nkwasiafoɔ, Who Will Play The Instruments?” — Nana Agradaa Sacks Instrumentalists After Mass Altar Call For Travel Prayers
Headlines8 hours agoObi Is A Trader, Traders Have Short-term Calculation, They’re Not Into Longterm Projection-Oshiomhole
Special Report23 hours ago“This Place Is Like Our Home” — Galamseyer Videos Deep Underground Pit Where They Stay For More Than Three Months In Search Of Gold
Special Report10 hours ago“We Have Done Everything Possible for Peace, But Adwoa Safo Wants GH¢3.7 Million Before Releasing Our Father’s Body” — Nana Kwadwo Safo Akofena
Entertainment23 hours ago“My head just do gbam!” — Father recounts daughter’s unexpected response to cooking during family discussion
Special Report14 hours agoThree Women, Including Pregnant Victim, Injured in Paris Stabbing; Suspect Allegedly Made Chilling Claim






















