BOI Disbursed N496.72bn Loans to 75,809 Beneficiaries in One Year The Chairman of the shareholders committee of the Bank of Industry, Muhammed Bala, revealed that no fewer than 75,809 beneficiaries received credit funding worth N496.72bn from the Bank in 2023. The loans were disbursed to beneficiaries...

Nigeria Produced 159 million barrels of oil in Four Months, Says NUPRC Data from the Nigerian Upstream Petroleum Regulatory Commission shows that Nigeria produced 159,158,191 barrels of crude oil in the first four months of 2024. According to the NUPRC data, 44.2 million barrels of crude...

Discos Rake in N1.1tn as FG Spent N629bn on Electricity Subsidy in One Year The Nigerian Electricity Regulatory Commission data has revealed that the Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during...

Tinubu Charges New Board of NIRSAL, NAIA to Recapitalise Agricultural Sector The Federal Government, on Wednesday, inaugurated the project delivery team tasked with the recapitalisation and full commercialisation of the Nigerian Agricultural Insurance Corporation, and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending. It said...

Power: FG Approves $750m for 1,200 mini-grids in Rural Communities The Federal Government has approved a $750m World Bank funding for the construction of 1,200 mini-grids in rural communities across Nigeria. The Managing Director/Chief Executive Officer of the Rural Electrification Agency, Abba Aliyu, disclosed this Tuesday...

Tinubu Inaugurates 15-man NEITI Governing Board President Bola Tinubu has inaugurated 15-member National Stakeholders Working Group, also known as the Governing Board of the Nigeria Extractive Industries Transparency Initiative. Represented by the Secretary to the Government of the Federation, Senator George Akume, who also chairs the...