October 22, 2026
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LEAD STORY 2

LEAD STORY 2

FG’s ₦501 bn inaugural tranche under power sector bond programme records 100% subscription

The Federal Government of Nigeria has successfully issued a ₦501 billion inaugural bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), recording 100% subscription from pension funds, banks, asset managers and other investors, and marking a significant step towards resolving legacy debts, restoring liquidity, and strengthening confidence in the