Bilateral Companies Owe Nigeria $8.5m for Power Supply - NERC
The Nigerian Electricity Regulatory Commission (NERC) has reported that some international bilateral companies owe Nigeria’s electricity generation companies (GenCos) about $8.5 million in unpaid power supply.
In its latest quarterly report,...
CBN Settles $7bn Verified Forex Backlog
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has disclosed that his administration has cleared over $7 billion in verified foreign exchange backlogs within two years in office.
He said the CBN...
NCDMB, NEXIM Release N62bn to Boost Oil & Gas SMEs
As part of the measures to empower Nigeria’s oil and gas services sector, the Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have disbursed about...
Dangote Refinery Now Produces 20m Litres of Fuel Daily - NMDPRA
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Farouk Ahmed, has disclosed that the 650,000-barrel-per-day Dangote refinery has begun to transform Nigeria’s petroleum supply...
NDPHC Commends Tinubu Over N4trn Bond Approval for GenCos' Debt Settlement
The Managing Director of the Niger Delta Power Holding Company (NDPHC) Jennifer Adighije, has commended President Bola Tinubu for his administration’s commitment to revamping Nigeria’s power sector, following his...
World Bank Urges Govt to Implement Reforms and Fiscal Discipline
The World Bank has urged the Federal Government to sustain the momentum of its economic reforms by tightening fiscal and monetary policies, enhancing transparency in public finance, and consolidating gains...
