Post Tagged with: "CBN"

DisCos

DisCos Still Owing N9.96bn In CBN’s Electricity Market Stabilisation Facility

Energy, Power September 29, 2020 at 11:46 am Comments are Disabled

…Have 4 months to pay or face sanctions Electricity distribution companies in the country (DisCos) have an outstanding N9.96 billion to pay in the Nigeria Electricity Market Stabilisation Facility provided by the Central Bank of Nigeria (CBN). They are expected to repay the balance of N9.96billion in the 10-year tenuredRead More

President Muhammadu Buhari

FG’s N250b gas intervention fund targets CNG, LPG as alternative fuels

Energy, Oil & Gas September 16, 2020 at 11:04 am Comments are Disabled

The Federal Government has stated that its N250 billion intervention facility for the national gas expansion programme is targeted at making Compressed Natural Gas (CNG) the fuel of choice for transportation and Liquefied Petroleum Gas (LPG), domestic cooking, captive power, and small industrial complexes. To this end, the Central BankRead More