Nigeria, Others Losing $82bn To Gas Flaring Annually           By flaring, rather than utilising gas for power generation or other domestic needs, Nigeria and other nations involved in such act , could lose up to $82bn a year due to global gas flaring, says GlobalData report. The...

Reps Investigate Threats To $150bn Air Cargo Freights           The House of Representatives has resolved to investigate the delay frustrating air freighting of cargoes occasioned by extortions and multiple charges at the airports. This is sequel to the unanimous adoption of a motion moved by the Deputy...

FEC Okays N3.11bn For Communication, Education Projects           The Federal Executive Council on Wednesday approved N3.11bn for contracts in the Ministries of Education and Communication and Digital Economy. The Minister of Information and Culture, Lai Mohammed, disclosed this while briefing State House correspondents at the end of...

Fed Govt Releases Fresh Debtors’ List Nov, 77 Oil Firms Owe N2.66trn           The indebtedness of 77 oil and gas companies to the Federal Government is now N2.66tn, the Nigeria Extractive Industries Transparency Initiative said on Tuesday. NEITI’s Executive Secretary, Orji Ogbonnaya-Orji, who said this in Abuja...

DMO Raises N1.9trn From Bonds In Eight Months         As the debate over borrowings and Nigeria’s debt stock continues, analysts at FBNQuest Research, an arm of the First Bank Group, are presenting a line of argument indicating that the debt stock is still manageable at the...

Buhari Says Nigeria Needs $400bn To Close Energy Shortfall         The President of the Federal Republic of Nigeria Muhammadu Buhari has said that Nigeria needs over $400bn to fund its critical energy needs. Buhari said that $300bn would be needed for electricity generation, transmission and distribution infrastructure...