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Nigerian govt raises N1.23trn to tackle N4trn GenCos’ legacy debt

The Federal Government has raised about N1.23 trillion through two bond issuances to tackle N4 trillion legacy debt owed to electricity Generation Companies, GenCos. Akin Odeyemi, Chief Executive Officer, Nigerian Bulk Electricity Trading Plc., NBET, disclosed this during the ceremony in Abuja on Monday. Odeyemi said the latest Series 2 issuance raised N728.9 billion, following […]
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