Dec. 24: (Lagos) - The NBET Finance Company PLC announces the launch of its ₦590 Billion Series 1 Power Sector Bond Issue, now open for subscription and scheduled to close on Tuesday, 30 December 2025. 

The Issue is being offered under the Issuer’s ₦4 Trillion Multi-Instrument Issuance Programme and provides investors with an opportunity to participate in a Federal Government–backed fixed-income instrument designed to strengthen Nigeria’s power sector.

NBET Finance Company PLC is a Special Purpose Vehicle sponsored by the Nigerian Bulk Electricity Trading (NBET) Plc, an agency of the Federal Government of Nigeria. The Bonds are guaranteed by the full faith and credit of the Federal Government of Nigeria, issued pursuant to the Presidential Power Sector Debt Reduction Programme (PPSDRP) approved by the Federal Executive Council.

The Programme was established to address legacy debts owed to Generation Companies (GenCos) by NBET, improve liquidity within the power sector, restore investor confidence, and support sustainable electricity generation. Proceeds from this issuance will be applied primarily towards the settlement of verified outstanding GenCos liabilities for the period February 2015 to March 2025.