The Federal Government has told the United Nations that the country has been financing the implementation of the Sustainable Development Goals (SDGs) despite the downturn in the economy. The Senior Special Assistant to the President on SDGs, Princess Adejoke Orelope-Adefulire,...

The Nigerian Petroleum Development Company, NPDC, an upstream subsidiary of the Nigerian National Petroleum Corporation, NNPC, has explained the gap in its supply of gas for power generation.   In a presentation to the House Committee on Local Content, Managing...

Electricity generation firms in the country have put the debts owed them by the Nigeria Bulk Electricity Trading Plc and other industry stakeholders at over N140bn. The Gencos said from the pre-transitional stage of the electricity market till date, the...

The Federal Government has inaugurated a Presidential inter-agency committee on the recovery of loans of commercial banks and corporate organisations bought over by the Asset Management Corporation of Nigeria (AMCON). The spokesperson for the Attorney-General of the Federation and Minister...

The power sector has been losing an average of N2bn daily since the resurgence of pipeline bombings by militants in the Niger Delta, latest electricity supply statistics have shown. This is coming as the number of functional gas-fired power generating...

President Muhammadu Buhari has given the Central Bank of Nigeria (CBN) the go-ahead to introduce flexibility in the naira’s exchange rate. The Senior Special Assistant Media and Publicity to the President, Mallam Garba Shehu made the disclosure in an interview...