Report: Nigeria, Others Spend $441bn on Debt Servicing – World Bank Nigeria and other developing countries have spent about $441bn on debt-serving in the past 40 years, according to a new World Bank report. The World Bank report also disclosed that Nigeria received $2.9b and topped...

Cashflow in Nigeria’s Power Sector Grows to N900bn - NERC The Nigerian Electricity Regulatory Commission, NERC, says liquidity in Nigeria’s power increased from N282 billion in 2015 to N900 billion. The Chairman of NERC, Engr Sanusi Garba, disclosed this on Thursday at the three-day ministerial retreat...

Tinubu Sacks Aviation Directors, Others The Federal Government has sacked all directors of Aviation less than 24 hours after the removal of all heads of aviation agencies from their offices. The government said this in a statement signed by Odutayo Oluseyi, the spokesperson for the Minister...

W'Bank Urges FG to Stop subsidy payment, Increase Petrol Price to N750/litre The World Bank says the federal government may still be paying for petrol subsidy as fuel prices in Nigeria are currently not cost-reflective. It said Nigerians should pay about N750 per litre as against...

2024 Budget: N’Assembly Advocates more Allocation for FERMA The National Assembly has said that the Federal Road Maintenance Agency is poorly funded and has advocated increased budgetary allocation for improved roads. A statement issued in Abuja on Thursday by the agency’s Director of Communications and Public...

NNPCL Assures Crude Oil Production, Realistic Price Benchmark for 2024 Budget The Nigerian National Petroleum Company Limited has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable. The Group Chief Executive Officer (GCEO) of the Company,...