Weak Purchasing Power Pushes Unsold Goods to N1.24trn, MAN Reveals
Weak Purchasing Power Pushes Unsold Goods to N1.24trn, MAN Reveals
The Manufacturers Association of Nigeria (MAN) has stated its unsold manufactured goods have reached a...
Report Reveals FG spent N29bn to Repair Damaged Power Towers
Report Reveals FG spent N29bn to Repair Damaged Power Towers
The Federal Government, through the Transmission Company of Nigeria (TCN) has spent a total sum...
FG Needs N19trn to Complete 2,604 Ongoing Projects – Minister
FG Needs N19trn to Complete 2,604 Ongoing Projects - Minister
The Minister of Works, David Umahi, has stated that the financial requirements to successfully complete...
Three Major FG Agencies Spend N533bn on Revenue Collection
Three Major FG Agencies Spend N533bn on Revenue Collection
Three major revenue-generating agencies in Nigeria deducted a total of N533.11bn as costs of revenue collection...
Apapa Customs Raked in N1.6trn Revenue in Q3
Apapa Customs Raked in N1.6trn Revenue in Q3
The Nigeria Customs Service, Apapa Area Command, said it collected N1.6tn as revenue at the end of...
Stakeholders Demand Better Security as Banks Lose N42.6bn to Fraud
Stakeholders Demand Better Security as Banks Lose N42.6bn to Fraud
Cybersecurity experts have stated that Nigerian banks must bridge the widening technology adoption gaps and...
Higher Interest Rates Necessary to Control Inflation – Cardoso
Higher Interest Rates Necessary to Control Inflation – Cardoso
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has defended the bank’s decision...
World Bank Okays Fresh N2.4trn Loan For Nigeria
World Bank Okays Fresh N2.4trn Loan For Nigeria
The World Bank has announced the approval of $1.57 billion ( N2.4 trillion at N1601 to a...
Shettima Lauds DBN Over N787bn MSME Loans
Shettima Lauds DBN Over N787bn MSME Loans
The Vice President, Kashim Shettima, has lauded the Development Bank of Nigeria for its contributions to the growth...
Cash Transfer Programme: FG Disburses N24bn to 991,261 Households
Cash Transfer Programme: FG Disburses N24bn to 991,261 Households
The Federal Government has disbursed N24.78bn under the National Cash Transfer programme to 991,261 poor households...
$6.8bn Debt: NNPC Admission Sparks Integrity Concerns
$6.8bn Debt: NNPC Admission Sparks Integrity Concerns
The Nigerian National Petroleum Company Limited (NNPCL) recently shocked many Nigerians when it admitted owing petrol suppliers. The...
Multilateral Banks’ Climate Financing Now $125bn – AfDB
Multilateral Banks’ Climate Financing Now $125bn – AfDB
Multilateral development banks, including the African Development Bank, have reported that their combined financing for climate action...
NCS Intercepts N519m Worth of Cannabis
NCS Intercepts N519m Worth of Cannabis
The Nigeria Customs Service (NCS) Federal Operations Unit, Zone A, said it intercepted 6,488 kilograms of cannabis sativa worth...
Electricity Consumers Owe DisCos N385.7bn
Electricity Consumers Owe DisCos N385.7bn
Electricity consumers across the country failed to pay the sum of 385.73bn electricity bills issued to them in 2023.
According to...
DisCos’ Revenue Rises by 40% to N433bn
DisCos’ Revenue Rises by 40% to N433bn
Revenues earned by electricity Distribution Companies (Discos) in Nigeria in the second quarter of 2024, spanning April to...
Banks’ Deposits With CBN Now N3.42trn – Report
Banks’ Deposits With CBN Now N3.42trn - Report
The deposits of banks with the Central Bank of Nigeria ( CBN) hit a weekly high of...
FG Signs N11bn Concession Agreement For Tincan Water System
FG Signs N11bn Concession Agreement For Tincan Water System
The Federal Government through the Nigerian Ports Authority (NPA) has handed over the Tincan Island Water...
Electricity Subsidy: Hospitals, Tertiary Institutions May Gulp N188bn
Electricity Subsidy: Hospitals, Tertiary Institutions May Gulp N188bn
The Federal Government may spend approximately N188.25 billion annually to subsidise electricity supply for about 75 public...
REA Announces Completion Of N28.7bn Projects From 2023 Budget
REA Announces Completion Of N28.7bn Projects From 2023 Budget
The Rural Electrification Agency (REA) yesterday said it has completed N28.7 billion projects out of its...
FG Pays N205bn From N1.3trn Owed Power Generation Companies
FG Pays N205bn From N1.3trn Owed Power Generation Companies
The federal government yesterday said it had offset N205 billion from the N1.3 trillion debt owed...
