DisCos Generate N1.3trn From Electricity Bills In 23 Months   An estimated 12.792 million registered consumers paid at least N1.367 trillion as charges for power supply to them by the 11 Distribution Companies (DisCos) within 23 months – from November 2020...

In Five Years, Presidential Panels Gulp N15bn   About N14.79bn was earmarked for presidential committees supervised by the Office of the Secretary to the Government of the Federation between 2018 and 2022. This came as President Muhammadu Buhari inaugurated at least 10...

Banks Borrowed N11.01trn From CBN In 2022   Deposit Money Banks (DMBs) and Merchant Banks borrowing from the Central Bank of Nigeria (CBN) discount window known as the Standing Lending Facility (SLF) dropped to N11.01trillion in 2022, representing a decline of...

Despite Foreign Investors’ Exit, Stock Market Gained N5.62trn In 2022   Despite the economic challenges faced by the country in 2022, the stock market arm of the Nigerian Exchange Group (NGX) remained resilient as it gained N5.62 trillion in the past...

World Bank Says CBN Loan Repayments To Gulp 62% Of Revenue   The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria will gulp about 62 per cent of government revenue by...

Household Food Imports Rise By 71% In Four Years   Food and beverage imports for households rose by 71.12 per cent between the third quarter of 2018 and the corresponding quarter of 2022 despite the foreign exchange crisis in the country. This...