Gas Revenue Falls by N3tn in One Year – Report
The Federal Government, last year, lost the sum of N3.3tn gas revenue last year, as a result of drop in export due to low production, according to data obtained from a global professional body for...
FG Loses N335m to Oil Spill - NOSDRA
The National Oil Spill Detection and Response Agency says Nigeria lost about N335m to oil spilled between January and August 2023.
NOSDRA, in its oil spill data for the period under review, said a total of 168 incidents...
Nigeria’s Capital Expenditure Among Lowest Globally, Says W’Bank
The World Bank Country Director for Nigeria, Mr Shubham Chaudhuri, has said that public spending in the country is among the lowest globally.
He said this while making his keynote address at the annual banking and finance conference...
NERC Increases Prices of Prepaid Meters
The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in the price of pre-paid electricity meters in the country.
This was contained in a circular dated 5 September and jointly signed by the commission’s chairman and commissioner Legal, Licencing...
NNPCL: 150 Crude Oil Theft Incidents Occurred In 7 Days
The Nigerian National Petroleum Company Limited (NNPCL) has said that between August 26 and September 1, 2023, there were 150 crude oil theft incidents mainly across Bayelsa, Rivers, Imo and Delta states.
The company stated this...
ACS Tasks World Leaders to Fulfil $100bn Commitment to Climate Finance
The President of the African Development Bank, Akinwumi Adesina and the 2023 United Nations Climate Change Conference president, Dr. Sultan Al Jaber, called on developed economies to fulfil their $100bn commitment to climate finance.
He...
