{
  "schemaVersion": 1,
  "contentDigest": "e4ad923e3ae9401d36dbc70517210e9925d6b7af501b8ffc6c89f9440ecd75a6",
  "id": "news-oct22-continued-ng-nbet-series2-legacy-power-debt-settlement-20261009",
  "language": "en",
  "interfaceLanguage": "en",
  "url": "https://voltformer.com/news/ng-nbet-series2-legacy-power-debt-settlement-20261009",
  "slug": "ng-nbet-series2-legacy-power-debt-settlement-20261009",
  "category": "policy-standards",
  "publishDate": "2026-10-09",
  "sourceName": "Nairametrics",
  "sourceUrl": "https://nairametrics.com/2026/10/09/nbet-begins-n729-billion-debt-settlement-for-gencos-gas-suppliers/",
  "readingTimeMinutes": 1,
  "tags": [
    "Nigeria",
    "Electricity",
    "Power sector finance",
    "NBET",
    "Natural gas"
  ],
  "content": {
    "title": "NBET begins ₦728.979bn settlement of legacy power-sector obligations",
    "summary": "The payments follow the Series 2 bond issue and cover participating generators and associated gas suppliers.",
    "sections": [
      {
        "paragraphs": [
          "The Nigerian Bulk Electricity Trading company said it had begun settling ₦728.979 billion in legacy obligations to participating generation companies and their associated gas suppliers. The settlement comprises ₦402 billion in cash bonds and ₦326.979 billion in non-cash bonds, following the September Series 2 issue, which raised ₦728.979 billion under the Federal Government’s ₦4 trillion programme. Including about ₦501 billion raised in January, the programme had raised approximately ₦1.23 trillion by the report date; preparations for its second phase were underway."
        ],
        "sources": [
          {
            "name": "Nairametrics",
            "url": "https://nairametrics.com/2026/10/09/nbet-begins-n729-billion-debt-settlement-for-gencos-gas-suppliers/"
          }
        ]
      }
    ]
  },
  "companies": [],
  "sourceVersion": "c0f1b8ba39f8a56c9a5e55c87810a4d6218b79f8b19208746573b3a1e0bd405f"
}