Credit to FG Declines 45% to N5.16 trn  Credit to the government fell for the second consecutive months by 45 percent to N5.16 trillion in November 2023 from N9.39 trillion in October in 2024. Data obtained from the Central Bank of Nigeria, CBN, Money and Credit...

Power: DisCos’ Revenue Rises 30% to N782.74bn The Nigeria Electricity Regulatory Commission, NERC, says revenues collected by eleven electricity distribution companies, DisCos, increased by 30 percent in the first nine months of 2023 to N782.74 billion, compared to N598.13 billion collected over the same period...

CCB Quizzes Tunji-Ojo Today over N438m Contract The Minister of Interior, Club unmi Tunji-Ojo will today appear before the Code of Conduct Bureau (CCB) over the involvement of a company he co-founded in a N438 million contract by the Ministry of Humanitarian Affairs and Poverty...

Chams, PZ, Others Gain N874bn as Trading Sustains Bullish Trend  The equities of Chams Holdings Plc (+10 per cent), PZ Cussons (+10 per cent) and 66 other gainers drove the equity market to a gain of N874bn at the close of trading on Monday. The All-Share...

Why NNPCL Needs Private Operators to Run Port Harcourt Refinery The Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. Initially, Nigeria had spent more than $10 billion in a decade on three oil refineries that produced hardly...

Despite Zero FDI 14 States Spend N21bn on Foreign Trips Reports on foreign trips from state budget performance data has revealed that 14 state governments failed to attract any form of foreign investments into their domains despite spending at least N21.04bn on foreign trips in...