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Emerging Markets

Geregu Power pays N6 billion owed investors on N40.09 billion bond

Nairametrics · 11h ago · 🇳🇬 Nigeria

Geregu Power pays N6 billion owed investors on N40.09 billion bond

Geregu Power Plc has paid the sum of N6 billion (N6,026,093,363.1) owed to investors on its N40.09 billion Series 1 Senior Unsecured Bond, ending the weeks of controversy over its default. While the company has not officially announced this, sources close to the matter confirmed the development to Nairametrics. The default, which Nairametrics first reported […] The post Geregu Power pays N6 billion owed investors on N40.09 billion bond appeared first on Nairametrics .

Read the full story at Nairametrics →

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