The Central Bank of Nigeria (CBN) has instructed financial institutions across the country to immediately …
Read More »FG approves the refinancing plan of the N4TRN electrical sector sector
The Federal Government (FG) has approved a gradual plan to refinance N4 trillion of Naira ($ 2.61 billion) in the debt of the electrical sector to help stabilize the nation’s sick power industry and improve the offer, said its finance minister. The debt, mainly due to 27 energy generation companies for exceptional invoices between 2015 and 2023, suffered investments in …
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