The Federal Government has raised N728.9 billion in bonds to help offset its legacy debt to electricity Generation Companies. This debt totals N4 trillion. The bond issuance program includes N402 billion in cash bonds and N326.9 billion in non-cash bonds for participating GenCos.
The total bond issuance now stands at N1.23 trillion. The transaction aims to address accumulated legacy obligations that have affected the electricity market.
Further details on the bond launch and its implications are available from the source.
Social media activist, VeryDarkMan, has blasted some Igbo traders in Lagos State over their protest against Chinese traders, questioning their demand for the foreigners to leave the market. The traders had reportedly protested the presence of Chinese traders in some Lagos markets...
Agro-industrial giant Presco Plc has approved a dividend payout of N17.1 billion to shareholders for the 2025 financial year. The post Presco approves N17.1 billion dividend payout to shareholders for 2025 appeared first on Nairametrics ....
Four people have been killed in a fatal crash involving a truck and a canter on the Lagos-Ibadan Expressway, the Federal Road Safety Corps has confirmed. Read More: https://punchng.com/four-killed-in-lagos-ibadan-expressway-crash/...
The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Techico Resource Solutions Limited, is set to support education in Warri, Delta State, through the “Back to Creek” initiative, with the provision of essential educational materials and teaching enh...
Veteran Nigerian actor and film executive, Oludotun Baiyewu Jacobs, popularly known as Olu Jacobs, has died at the age of 84. According to TVC, the actor’s son, Olusoji Jacobs, announced his death in a post on Instagram on Wednesday, September 16, 2026, saying the family was grat...
Veteran Nigerian actor and film executive, Oludotun Baiyewu Jacobs, popularly known as Olu Jacobs, has died at the age of 84. His son, Olusoji Jacobs, announced his death in an Instagram post on Wednesday. “It is with gratitude to God for a life well lived and fought, that we ann...
The veteran actor’s wife, Joke Silva, and son announced his death on Wednesday, ending years in which the family repeatedly debunked false reports of his passing. The post Veteran Nollywood actor Olu Jacobs dies at 84 appeared first on Premium Times Nigeria ....
In this interview with PREMIUM TIMES, the former international reflects on the crisis in Nigerian football, the differences between his generation of players and the current crop, his experience with the 1994 Super Eagles, and why he began planning for life after football long be...
By Olasunkanmi Akoni The Lagos State Government is set to intensify its enforcement efforts along the Apapa and Lekki Port corridors following recent feedback and an assessment of the traffic situation in the two areas. In a strategy meeting headed by the Special Adviser to the G...
Akwa Ibom has cut its domestic debt by N116 billion under Governor Umo Eno, even as the state recorded N2.934 trillion in revenue and spent N56.73 billion servicing debt in 2024 and 2025. The post Under Eno, Akwa Ibom’s domestic debt drops by N116bn appeared first on Premium Time...
Nigerian comedian and social commentator, Mr Macaroni, has explained why he is not interested in going into politics. He said the country’s political space can corrupt even people who were once highly respected. Mr Macaroni made the comment in a viral video while speaking about t...
The International Society for Civil Liberties and Rule of Law, InterSociety, has threatened to pursue international sanctions, including possible travel restrictions to Europe and the Americas, against six Nigerian governors whom it accused of promoting political intolerance and ...
