The Federal Government has raised a significant amount of funds to address debt in the power sector. Through the Series 2 issuance under its Power Sector Multi-Instrument Issuance Programme, ₦728.9 billion was raised. This brings the total amount raised under the debt reduction programme to over ₦1.1 trillion.
The programme has a total value of ₦4 trillion. The goal of the programme is to tackle power sector debt.
Further details about the programme and its progress can be found through the original source.
…Says: Sanctions await corrupt officials …Orders release of development commissions funds …20-year NCDC plan must outlive administrations – Minister By Luminous Jannamike ABUJA — President Bola Ahmed Tinubu on Monday warned that the era of white-elephant projects and waste of pub...
JPMorgan has announced the inclusion of selected Federal Government of Nigeria, FGN, bonds in its newly introduced Government Bond Index–Emerging Markets Edge (GBI-EM Edge). The Minister of Finance, Taiwo Oyedele, disclosed this in a statement on Monday. Oyedele said the move ref...
The Court of Appeal in Abuja has dismissed a request by Major Hamza Al-Mustapha for an extension of time to appeal a judgment over a property in Asokoro. Read More: https://punchng.com/court-rejects-al-mustaphas-bid-to-appeal-asokoro-property-case/...
A former Nigerian President, Olusegun Obasanjo, has said the country has no reason to remain poor. Obasanjo stated this during interview on C-Suite Cafe, hosted by Ikem Okuhu, where he said Nigeria has enough natural and human resources to produce what its people need and build a...
Company unveils eNvoice.ng to support businesses with smart tax invoicing and seamless compliance under the NRS e-Invoicing regime Vi-M Professional Solutions Limited has announced its accreditation as both a System Integrator and an Access Point Provider under Nigeria’s National...
By Kingsley Omonobi ABUJA — The Chief of Naval Staff, Vice Admiral Idi Abass, has directed naval commands, formations, establishments and bases to organise seminars to educate officers and personnel on their roles and code of conduct during the 2027 general elections. Commander, ...
I wager that more than half of Nigeria’s economic problems have been solved by President Bola Ahmed Tinubu. Walk with me. Now, it is important to understand Nigeria’s economic problems, especially from a historical perspective. Anyone who’s not interested in the history of how we...
The Nigeria Security and Civil Defence Corps (NSCDC) in Zamfara State has arrested a 58-year-old man accused of selling illegal drugs in the state for more than 20 years. The command also arrested nine other suspects over alleged vandalism and theft of government infrastructure. ...
Vice President Kashim Shettima has urged Nigerian leaders to build lasting institutions and policies that will serve the people beyond their tenure in offi Read More: https://punchng.com/build-institutions-beyond-elections-shettima-urges-leaders/...
Nigerian dancer Poco Lee has been granted bail in the UK ahead of his September 15 hearing at Snaresbrook Crown Court on sexual offence charges. Read More: https://punchng.com/uk-court-grants-poco-lee-bail-ahead-of-september-15-hearing/...
The National Agency for Food and Drug Administration and Control, NAFDAC, has destroyed expired donated medicines valued at N59 million at the Igwuruta dumpsite along the Eneka-Igwuruta Road in Rivers State. NAFDAC said the medicines were brought into Nigeria from the United Stat...
Nigeria’s inclusion in a J.P. Morgan global bond index is expected to attract about $17.5 billion into the country’s debt market and lower bond yields by up to 200 basis points. The post Nigeria rejoins J.P. Morgan Global Bond Index after 11 years appeared first on Premium Times ...
