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Power sector bond: FG borrows...

Power sector bond: FG borrows ₦501bn to...

Personality test: What you see...

Personality test: What you see first could...

Power sector bond: FG borrows ₦501bn to offset GenCos’ outstanding debt

Power sector bond: FG borrows ₦501bn to offset GenCos’ outstanding debt The Federal Government has approved the issuance of a ₦501 billion power sector bond to settle part of the long-standing debt owed to electricity generation companies (GenCos), in a move aimed at stabilising Nigeria’s fragile power sector. The bond, raised through the Debt Management Office (DMO), is designed to address accumulated payment shortfalls arising from electricity supplied to the national grid but not fully paid for due to liquidity challenges in the sector. Industry sources say the debt has severely...
Abdullahi Mustapha Haruna -
Agriculture

FG to borrow...

The Federal Government is set to borrow $1.2bn from the Dutch Bank and the Development Bank of Brazil to provide for mechanised agriculture in...
Neptune Prime -
Local

MACBAN: We wish...

Miyetti Allah Cattle Breeders Association of Nigeria, MACBAN, has appealed to Nigerians to allow herders carry out their businesses peacefully. MACBAN’s Southeast Zonal Chairman, Gidado...
Neptune Prime -
Local

Kebbi civil servants...

From Haruna Aliyu Usman, Birnin Kebbi The Public Relations Officer of the Kebbi State All Progressives Congress(APC) Alhaji Sani Dodo has said that every indigene...
Neptune Prime -
Agriculture

Food inflation rates...

The consumer price index, (CPI) which measures inflation increased by 16.47 percent (year-on-year) in January 2021. This is 0.71 percent points higher than the...
Neptune Prime -
Local

Amid COVID -19...

As economies world over are grappling with the hardship brought about by the Corona Virus pandemic, the woes of Nigerians might soon be compounded...
Neptune Prime -
Local

Are Nigerian graduates...

One of the challenges that can be observed in the average Nigerian graduate is getting employed. This in part is because of the dearth...
Neptune Prime -
Local

FG, service chiefs,...

A delegation of the Federal Government and the newly appointed service chiefs are currently in a meeting with northern governors. The meeting which is holding...
Neptune Prime -
Health

Benefits of ginger...

Ginger is a green and leafy plant, it's botanically known as Zingiber officinale is one of its kind when it comes to its benefits....
Gift Luckson -
Local

First Civilian Governor...

Former Governor of Lagos State, Alhaji Lateef Jakande, is dead. He reportedly died on Thursday at the age of 91. Jakande, aka Baba Kekere, brought a...
Neptune Prime -
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