SUPER EAGLES COACH ERIC CHELLE SIGNS WITH NEW SPORTS AGENCY TO REPRESENT HIM HENCEFORTH. (PHOTO).

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 Super eagles coach Eric Chelle has signed for a new sports agency to represent him henceforth.  Eric Chelle, head coach of Nigeria’s Super Eagles, has signed with a new sports agency to represent him going forward.  The move is expected to strengthen his professional management and strategic engagements within the global football space.
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FG RAISES 501 BILLION NAIRA TO SETTLE GENCOS DEBT. (PHOTO).

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 FG RAISES 501 BILLION NAIRA TO SETTLE GENCOs DEBT


Federal Government has raised 501 billion naira from the bond market to settle part of more than four trillion naira debt owed power generation companies in the country.


The funds were raised through the issuance of two bond tranches: a 300 billion naira 7-year 17.50 percent Series 1 (Tranche A) bond and a 201.02 billion naira 7-year 17.50 percent Series 1 (Tranche B) bond.


Nigerian Bulk Electricity Trading Plc,  NBET issued the bond.


The issuance is  guaranteed by the Federal Government under the Presidential Power Sector Debt Reduction Programme.


Fourteen generation companies signed the deal, describing it as a game changer that will address the liquidity crisis in the power sector.

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