Economic Confidential

DisCos Fail to Settle N243bn GenCos’ Debts

The 11 electricity Distribution Companies (DisCos) operating in Nigeria have not settled a debt of N243bn for power supplied by 25 Generating Companies (GenCos) as at the end of 2016. Latest data released by the National Bureau of Statistics (NBS)...

NNPC to Import More Petrol

The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase the February supply of petrol by six additional cargoes to the existing national sufficiency of over 32 days and import three additional diesel cargoes before the end of...

‘Domestic Airlines Pay 40% of Ticket Revenue as Tax’

The Airline Operators of Nigeria has said the domestic carriers in the country are being stifled by the manipulation, feasting and pushing of their finances through multiple taxes, charges and levies to the extent that the airlines are now...

FG Targets N5tn from Asset Sales

The Federal Government is looking at generating as much as $16.4bn (N5tn at N305 to the dollar) through asset sales in the next four years to reduce the burden on the public budget. The sales will help to tackle inefficiencies...

FG Completes 1, 350 Houses for Allocation to Civil Servants

A total of 1, 350 houses have been completed at various locations in Abuja and Lagos and their letters of allocation are ready for distribution under the Federal Integrated Staff Housing (FISH) programme. This initiative of the Head of...

Abuja Airport Closure: Fashola Inspects Kaduna-Abuja Highway Projects

...Assures Nigerians that his Ministry is on track to fix the road and make it safe, motorable Ahead of the planned reconstruction and repair of the Abuja Airport runway which would lead to a diversion of air traffic and passengers...
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