The Central Bank of Nigeria (CBN) has said that it would employ every indispensable means whether conventional or otherwise to ensure that the Nigerian economy flourishes, stressing that the bank’s policies are appropriate to set the economy on the...

Former and present Group Managing Directors of the Nigerian National Petroleum Corporation have expressed fears that the current pump price of N145 per litre is no longer feasible. They said the amount does not correspond with the price-determining components of...

A total of 2.8 million electricity consumers in Nigeria have no prepaid meters, the Business Leader (Distribution), Sahara Group, the firm with majority stakes in Ikeja Electricity Distribution Company, Mr. Rotimi Onanuga, has said. The figure represents about 54.15 per...

More than six months after the nation’s electricity generation dropped below 3,000 megawatts, output from the power plants is still 1,552MW lower than the peak achieved in February. Power generation stood at 3,523.10MW as of 6am on Friday, September 2,...

The total funds invested by operators of the Contributory Pension Scheme in infrastructure have risen to N1.7bn. Statistics obtained by our correspondent also showed that the total pension assets under management of the operators in July 2016 rose to N5.82tn. A...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has urged state governments to cooperate with the Federal Controller of Works in their states in order to ensure smooth road rehabilitation and construction. He said that the Federal Government...