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USD/NGN 1,330.27 ▴0.2%GBP/NGN 1,777.88 ▾0.3%USD/NGN black market ₦1,392GBP/NGN black market ₦1,880
USD/NGN 1,330.27 ▴0.2%GBP/NGN 1,777.88 ▾0.3%USD/NGN black market ₦1,392GBP/NGN black market ₦1,880

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 obligations owed to electricity…

Aggregated · originally by Nairametrics
15 Sept 2026, 07:16 WAT · 3 min read
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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 obligations owed to electricity…