Electricity

N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection

N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection   No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company...

Edun, Cardoso Seek Increase In World Bank Support for Nigeria

Edun, Cardoso Seek Increase In World Bank Support for Nigeria Mr. Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, has called...
cbn

Cedrus Group: CBN Reforms Will Yield Results In Q2

Cedrus Group: CBN Reforms Will Yield Results In Q2 On Thursday, the Chief Executive Officer of Cedrus Group Africa, Olubusayo Adeniyi, stated that the reforms...
Inflation Rise, Inflation headline

Rising Inflation Poses Risk To New Minimum Wage

Rising Inflation Poses Risk To New Minimum Wage President Bola Tinubu has set up a committee to decide on the new minimum wage for Nigerian...

NRC Generates N287m From Cargo Haulage In Three Months – NBS

NRC Generates N287m From Cargo Haulage In Three Months – NBS   The Nigerian Railway Corporation (NRC) earned N286.78m from cargo transported by rail in the...
Electricity

FG Spends Over N5trn To Cover Electricity Subsidy In 10 Years

FG Spends Over N5trn To Cover Electricity Subsidy In 10 Years   The federal government’s effort to subsidise electricity tariff for Nigerians has seen it cough...
NNPC Towers

NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan

NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan   The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and...
Central Bank of Nigeria, CBN

CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months

CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months   Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six...
New Naira Notes, minimum wage, Naira Scarcity, Cash Crunch, Naira Redesign

 CBN Won’t be Allowed to Print Money – Budget Minister

 CBN Won't be Allowed to Print Money - Budget Minister Amidst revenue pressures facing the 2024 national budget, the Federal Government has indicated that it...
The National Assembly, NASS

NASS Raises Works Ministry Budget To Over N1trn

NASS Raises Works Ministry Budget To Over N1trn The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed...
President Bola Ahmed Tinubu subsidy

‘Tinubu’s Trips Gulped N3.4bn in Six Months’

'Tinubu’s Trips Gulped N3.4bn in Six Months'   President Bola Tinubu has spent not less than N3.4bn on local and foreign travel within six months of...
Electricity

Military To Spend N5.8bn On Electricity Charges, Despite Payment Default

Military To Spend N5.8bn On Electricity Charges, Despite Payment Default   The three branches of armed forces have proposed to spend N5,817,782,952 in 2024 to pay...
EFCC CDS

EFCC To Splash Out N1bn on Local Travels, N413m on Vehicles

EFCC To Splash Out N1bn on Local Travels, N413m on Vehicles The Economic and Financial Crimes Commission (EFCC) has planned to spend N1,055,633,61 billion on...
Central Bank of Nigeria, CBN

$2bn Debt: Airlines Get $62m As CBN Repays Banks

$2bn Debt: Airlines Get $62m As CBN Repays Banks The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog...
Stacks of Dollar Bills, Dollar

Five States, FCT Attract $654.65m Foreign Investments

Five States, FCT Attract $654.65m Foreign Investments   Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in...

Nigeria’s Capital Inflow Drops to $654.65m in Q3, Lowest in a Decade

Nigeria's Capital Inflow Drops to $654.65m in Q3, Lowest in a Decade By Zekeri Idakwo Nigeria's capital importation has significantly dropped in the third quarter of...

NASS N197.93bn 2024 Budget more than that of Seven Universities Combined

NASS N197.93bn 2024 Budget more than that of Seven Universities Combined By Zekeri Idakwo The 2024 Federal Government proposed budget for the National Assembly is more than...
President Bola Ahmed Tinubu

In Nine Months, Rising Cost of Living Pushes Nigerians to Borrow N740bn from Banks

In Nine Months, Rising Cost of Living Pushes Nigerians to Borrow N740bn from Banks The rising cost of living has pushed Nigerians to borrow about...
Former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq

Ex-Minister Sadiya Farouk Reacts to Alleged N37bn Fraud

Ex-Minister Sadiya Farouk Reacts to Alleged N37bn Fraud   Former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar-Farouk, on Tuesday denied involvement in...

Implementation of 2023 Supplementary Budget Extented till March 31st, 2024 – Senate

Implementation of 2023 Supplementary Budget Extented till March 31st, 2024 - Senate The Senate has approved the extension of implementation of the supplementary appropriation bill...
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