FG RAISES 501 BILLION NAIRA TO SETTLE GENCOs DEBT

Federal Government has raised 501 billion naira from the bond market to settle part of more than four trillion naira debt owed power generation companies in the country. The funds were raised through the issuance of two bond tranches: a 300 billion naira 7-year 17.50 percent Series 1 (Tranche A) bond...