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GenCos, DisCos owe banks N836bn amid crisis
Power generation and distribution companies owe Nigerian banks N836.09bn amid the lingering problems plaguing the sector since it was privatised...
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Electricity workers call off strike, businesses count losses
Businesses and other power consumers were thrown into darkness on Wednesday as the industrial action embarked upon by electricity workers,...
Read moreReps query agric ministry’s N18bn bush-clearing contracts
The House of Representatives’ Committee on Public Accounts is investigating the Federal Ministry of Agriculture over the award of contracts...
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262 farmers receive N82.4m loan from USAID
No fewer than 262 smallholder farmers under the USAID-funded Feed the Future Nigeria Rural Resilience activity, on Tuesday, received N82.4...
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Oil firms spill N711bn crude oil, degrade environment
Environmental right activists have raised the alarm over the continuous environment degradation as estimation puts total value of oil spilled...
Read moreOkada ban: Still a walk in the dark
In the last count, between 3,000 and 5,000 commercial motorcycles, popularly called okada, have been crushed by the Lagos State Government,...
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FG investigates firm, bank for data breach
The Federal Government, through the Nigeria Data Protection Bureau, has disclosed that it is investigating Philips Consulting and the United...
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Power intervention fund jumps to N2.9trn
The Federal Government’s intervention fund to the electricity distribution companies has risen to N2.9trn, from N2trn recorded as of May...
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Fuel subsidy hits N1.593tn, refinery rehabilitation gulps N54.66bn
Latest data on the amount spent in subsidising Premium Motor Spirit, popularly called petrol, seen in Abuja on Monday showed...
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Nigeria’s N9tn oil revenue threatened, FG blames theft
Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and...
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FG silent on identities of Nigeria Air investors
Stakeholders in the aviation sector have called on the Federal Government to disclose the identities of the strategic foreign investors...
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Controversy as Seplat denies ExxonMobil deal cancellation
Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in...
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Renewable energy experts seek 10% market share
Stakeholders in the renewable energy sector have called for partnership with the Federal Government to achieve at least 10 per...
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Power generation exceeds 4,000MW, FG to add 204MW
Power generation on the national grid crossed 4,000 megawatts at 6am on Wednesday as the Federal Government announced that it...
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FG to generate N484bn from e-payment channels
The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way...
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Lions Clubs urges govt to revamp economy
The International Association of Lions Clubs has urged the Federal Government to revamp the economy to tackle problems of health...
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Diesel hike: NRC reduces Lagos-Ibadan trips by 67%
The hike in diesel price has forced the Nigeria Railway Corporation to reduce the number of trips on the Lagos-Ibadan...
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How inflation worsens plight of Nigerian workers
Workers have continued to groan under the adverse effect of inflation on their income, Deborah Dan-Awoh reports Economists define inflation as the...
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Agric budgets hit N874.83bn, food imports gulp N7.81tn
The Federal Government budgeted about N874.83bn for the Federal Ministry of Agriculture and Rural Development from 2016 to 2021, whereas...
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Debt servicing to hit N10.43tn, economists slam FG
The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term Expenditure...
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Nigeria loses N891bn to gas flaring
Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm...
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W’Bank commits $8.5bn to Nigeria, faults N6.7tn subsidy
The World Bank has committed $8.5 billion to Nigeria to fund critical issues ranging from agriculture to education. Disclosing this...
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Oil price falls, OPEC raises Nigeria’s production quota
The Organisation of Petroleum Exporting Countries on Wednesday raised Nigeria’s crude oil production quota for September 2022 to 1.83 million...
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Nigeria’s budget deficit hits N30.58tn in seven years
Budget deficit has risen to at least N30.58tn in the last seven years. This is according to data from budget...
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FG, farmers eye extra $136m from cocoa export
The Federal Government in partnership with the Cocoa Farmers Association of Nigeria has commenced moves to attract extra $400 on...
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