Central Bank of Nigeria, CBN has committed a 36.9 Billion Naira Fund for Electricity Market Stabilization Facility. At the signing of a memorandum of understanding to that effect, with the Ministries of Power, and Petroleum Recourses in Abuja, Governor of the Bank says the Fund will help to clear all the Debt the Defunct Power Holding Company of Nigeria owed to Gas Supplying Companies in Nigeria.
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