- The CBN has confirmed the latest release of N3.01 billion to electricity distribution companies in Nigeria
- The CBN governor said the gesture was aimed at improving the liquidity status of the DisCos and aiding their recovery of legacy debt
- The amount is the latest release of a total of N213 billion Nigerian Electricity Market Stabilisation Facility
The Central Bank of Nigeria has disclosed the release of N3.01 billion to electricity distribution companies (DisCos). This amount is the latest release of a total of N213 billion Nigerian Electricity Market Stabilisation Facility.
The recent release also rounds up to a total of N18.26 billion so far disbursed to the first batch of beneficiaries of the programme.
