Nigeria
Discos fail to utilise 1,936MW despite blackouts – FG
The 11 power distribution companies in Nigeria did not utilise a total of 1,936.26 megawatts of electricity in one week...
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Customers pay N92.2bn for N4.61tn PoS transactions
BANK customers may have spent N92.2bn to use Point of Sale terminals in the first seven months of 2022. According...
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Stock investors lose N30bn in one day
The equities market of the Nigerian Exchange Limited declined by N30bn at the end of trading on Monday as 18...
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FG confirms substation fire, Gencos shed 642.4MW
Power generation dipped by 642.4 megawatts on Sunday when compared to the quantum of peak electricity produced on the grid...
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Banks lend N3.38tn to firms at single-digit rate
Customers accessed loans worth N3.38tn at single-digit interest rates under the Central Bank of Nigeria’s intervention funds as of the...
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Nigeria imports 155bn salt, local industries wobble
Nigeria spent at least N155bn within the last two years on the importation of salt and other locally available products...
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NNPC can’t justify N6.34tn petrol subsidy – Customs
The Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (retd.), has stated that the Nigerian National Petroleum Company Limited (formerly...
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32 states fail to attract investment in Q2
Thirty-two states failed to attract capital importation in the second quarter of 2022, according to a Foreign Direct Investment data...
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Inflation pushing truckers out of business – Group
As the inflation rate bites harder, truckers have said that about half of their members are leaving the job for...
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N19.76tn budget proposal: N12tn deficit worries FG, debt may hit N54tn
The Federal Government is proposing a budget with estimates totalling N19.76tn, while the deficit will hover between N11.30tn and N12.41tn...
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Ten Nigerian states bigger than African countries – Osinbajo
The Vice President, Professor Yemi Osinbajo, SAN, said it was unfitting to compare the realities of the Nigerian economy with...
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Govs raise concerns over NNPC ownership
State governors, on Thursday, raised concerns regarding the ownership of the new Nigerian National Petroleum Company Limited, its assets and...
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FG to end petrol subsidy in June 2023
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022, on Thursday,...
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Strike: No arrears, no resumption, ASUU dares FG
The Academic Staff Union of Universities on Thursday said it would not call off its strike until the salary arrears...
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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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FG must regulate solar products’ quality – Experts
The Standards Organization of Nigeria, SON, and other renewable energy experts have called on the Federal Government to ensure quality...
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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,...
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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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