CardinalStone Advises FG on ₦501B Power Sector Bond

CardinalStone Advises FG on ₦501B Power Sector Bond

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247GistMan in Business & Making Money • February 17, 2026, 8:56 am

FG secured ₦501.021 billion bond to settle power sector arrears, strengthen liquidity, and restore investor confidence. The 7-year, government-guaranteed issuance under PPSDRP was fully subscribed. CardinalStone advised on the transaction, which supports Nigeria's power sector reforms and economic growth.

SOURCE: https://nairametrics.com/2026/02/17/cardinalstone-acts-as-lead-financial-adviser-and-lead-issuing-house-on-%e2%82%a6501-billion-power-sector-bond-issuance/

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