Power Generation Drops 32.31%, NESO Says Amidst on-going dust raised by the new electricity tariff at the backdrop of inadequate power supply, electricity generation nosedived to 2,775 megawatts, MW, yesterday, a 32.3 percent decline from 4,099.87MW recorded last week. This was contained in the data released...

Manufactured Goods Imports Rise 269% to N9trn – NBS The value of manufactured goods imported into the country rose Year-on-Year (YoY) by 268.76 percent to N9.03 trillion in the fourth quarter of 2023 (Q4’23) from N2.45 trillion in the same period in 2022. The figure also...

FG Pays N4.83tn of Ways and Means Advances – Wale Edun ‌ The federal government used part of the Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to pay down Ways and Means advances from the Central Bank of Nigeria (CBN) by N4.83 trillion, the...

Meter All 'Brand A' Feeders, NERC Tells DisCos  The Nigerian Electricity Regulatory Commission (NERC) has said it should be the priority of power distribution companies to meter all customers on Band A feeders. This came barely one week after the NERC approved over 200 per cent...

Bayelsa MSMEs Get N200 million from UNDP The United Nations Development Programme (UNDP), on Monday, offered N200m in support to Micro, Small and Medium Enterprises in Bayelsa State. According to the UNDP, the objective of the initiative is to mitigate the effect of the current socio-economic...

Nigeria may get $1bn Afreximbank Loan in May Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Import Export Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged by Afreximbank, with repayment terms tied to...