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CBN to clear gas legacy debt, pays gas suppliers N6.9b

2015-06-14 02:39:12| Oil & Gas - Topix.net

By Emma Ujh, Abuj Bureau Chief The Central Bank of Nigeria, CBN, yesterday paid gas suppliers the sum of N 6. 9 billion as part of its Nigerian Electricity Market Stabilisation Fund set aside to ensure a steady power supply to the Nigerian public. The Governor of CBN, Mr. Godwin Emefiele, who handed cheques to seven companies in Abuja, said that the facility was a part payment for debts owed the gas suppliers by electricity Distribution Companies, Discos, across the country.

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Category:Energy and Environment

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