Amid Worsening Electricity Crisis, Power Firms Owe Banks N861.14bn   The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing the...

Telecom Companies Plan 40% Tariff Hike   Telecommunication companies are proposing a 40 per cent increase in the cost of calls, SMS, and data to the Nigerian Communications Commission as a result of the rising cost of running a business in...

Nigeria Needs $750m For 5MMT Cooking Gas Annual Consumption     Nigeria requires about $750m investment in the transportation and retailing infrastructure for Liquefied Petroleum Gas, popularly called cooking gas, to achieve the target of five million metric tonnes of annual consumption,...

700 Companies Push For N12bn Railway Projects – NRC     The Nigerian Railway Corporation (NRC) has said that about 700 companies applied for its N12bn capital projects procurement. Speaking during the exercise in Lagos, the Director of procurement, NRC, Mr Benjamin Iloanusi,...

In Eight Days, External Reserves Drop By $196m   Nigeria’s external reserves drop by $196m in eight days to $39.62bn as of April 28, according to figures obtained from the Central Bank of Nigeria. The CBN revealed that the reserves, which had...

NGX Market Capitalisation Rises By N1.45trn     As the stock market of the Nigerian Exchange Limited (NGX) appreciated by N1.45trillion in April, a total of 17 fundamental companies contributed about 98 per cent to market capitalisation in the month under review. Analysis...