EU To Invest €37m In Nigeria’s Power Sector   The European Union (EU) is set to invest €37 million in the power sector in Nigeria, in addition to the about €200 million grants it has invested in the sector since 2008. This...

Cement: FG, Manufacturers Agree to Peg Price at N7,000 - N8,000   The Federal Government and Cement Manufacturers have agreed on a N7,000 to N8,000 per 50 kg bag of cement to halt the astronomical rise in the price of the...

How Foreign Loans Make Up 59% Of $4bn Capital Importation   No less than 59.1 per cent of capital importation into the country in 2023, amounting to $2.31bn, was foreign loans, according to the latest capital importation report released by the...

Senate to FIRS: Suspend N17trn Tax Waivers   The Senate through its Committee on Finance on Monday frowned at the N17tn loss incurred by the country on tax waivers within the last five years. It consequently urged the Federal Inland Revenue Service...

N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection   No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company to the tune of N47bn. According to a public notice by the management of the AEDC,...

NUPRC Movement: Major Onshore, Offshore Oil Operations are in Niger Delta, Not Lagos   A staff of the Nigerian Upstream Regulatory Commission (NUPRC), has countered the explanations of its CEO that the posting of staff to the Lagos office has no...