Nigerians Spend N7trn Yearly On Power Generation       Nigerians, and by extension, their businesses, expend about N7 trillion annually on power generation, a Renewable Energy expert, Mr Stephen Ogboko, has said. Ogboko, also the Executive Director and Chief Operating Officer, Off Grid Tech Solutions Ltd., made this...

COVID-19 Wiped Off $5bn Diasporan Remittances - FG       THE Federal Government has said that the COVID-19 pandemic has wiped off 20 per cent from the $25bn annual diasporan remittances to Nigeria. The government noted that various targeted programmes were being implemented to shore up the deficit. Disclosing...

Senate To AGoF: Sanction Officers Involved In $274.2m External Loan Losses       The Senate has asked the Accountant General of the Federation, Ahmed Idris, to identify and sanction his officers who were allegedly responsible for the $274.2m (N54.1bn) which Nigeria lost on external loans transaction. The red...

Power Firms Still Unable To Deliver Despite N1.5trn Funding       The power firms, mostly private entities, may have gotten about N1.5 trillion funds from the Central Bank of Nigeria (CBN) in the past seven years, helping the sector stay afloat. However, experts and power consumers are worried...

In Five Years, Nigeria Lost $10.8bn In Telecom Sector     Nigeria lost $10.8bn in the last five years to capital flight in the telecommunications sector amid lingering foreign exchange scarcity in the country. In its ‘National Policy for the Promotion of Indigenous Content in the Nigerian Telecommunications...

Two Million Farmers To Recieve N12.3bn Subsidy From FG       Over 2.2 million farmers are to receive about N12.3bn as agricultural subsidy from the Federal Government in coming weeks, it was gathered on Sunday. Presidency officials confirmed that President Muhammadu Buhari had already approved a N6.15bn agricultural...