Strategic Financial Actions Support Growth Ambitions Across Africa February 25, 2026/Cassava Technologies Liquid Intelligent Technologies, a business of Cassava Technologies, has today confirmed the full repayment of its ZAR term loan and USD revolving credit facility. In tandem with this repayment, Liquid has agreed $410 million in new ZAR and […]
Updates
GenCos Reject Presidency’s ₦2.8 Trillion Debt Settlement Deal
February 25, 2026/CSL Update Recent media reports suggested that President Bola Tinubu approved ₦2.8 trillion as the Federal Government’s audited liability to settle legacy debts owed to Nigeria’s power generation companies (GenCos), significantly lower than the ₦6.0 trillion figure previously claimed by the operators. The reports cited unnamed Presidency and […]
FGN Bond Auction Result for 23 February 2026
February 24, 2026/Cordros Update At yesterday’s FGN bond auction, the DMO reopened the AUG-2030, MAY-2033 and FEB-2034 bonds, offering a total of NGN800.00 billion. Total demand settled at NGN2.70 trillion (bid-to-offer: 3.4x), with the DMO eventually allotting NGN524.28 billion (bid-to-cover: 5.1x). The stop rate on the FEB 2034, which was on-the-run last month, declined by 200bps to 15.50%. […]
