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PROMISSORY NOTES

Nigeria's Debt Management Office (DMO) reports that the federal government's Promissory Notes debt surged to N1.65 trillion as of June 2024, marking a 6.5% increase from March 2024.
The Federal Government of Nigeria plans to settle about N1.7 trillion electricity debt through the issuance of bonds and promissory notes.
Promissory notes worth N148,141,969,161.24 has been approved by the Senate as refund to Bayelsa, Cross River, Ondo, Osun and Rivers States