10 power firms get N39 Billion loan from CBN

10 power firms get N39 Billion loan from CBN

Barely two weeks after the first tranche of N18.2bn loan was disbursed to five power firms by the Central Bank of Nigeria, another set of power distribution and generation companies were on Wednesday given a loan of N39.52bn to boost their operations.

The amount, given at an interest rate of ten per cent, with a repayment period of ten years, is part of the N213bn Nigerian Electricity Market Stabilisation Facility.

The fresh disbursement of N39.53bn brings the total disbursement made under the NEMSF intervention to N57.72bn.

Source: 10 power firms get N39 Billion loan from CBN

 - NigerianEye