$40bn Investments Needed To Boost Power Supply In Nigeria - FG       The federal government has said that there’s still a lot of financing gap in the country’s power sector, requiring an immediate funding of $40 billion in the generation, transmission and distribution value chain. The government...

AMCON Drags 3,000 Defaulters To Court Over N5trn Debt         The Asset Management Corporation of Nigeria is currently pursuing bad debts of about 3,000 debtors in various courts in the country. It disclosed this on Sunday in a statement titled ‘Recovery for N5tn debt burden, AMP scheme...

CBN Disburses N333.2bn For South-South Projects       The Central Bank of Nigeria has disbursed N333.2bn for various projects in the South-South region to provide funding for activities in different economic sectors. The Governor, Central Bank of Nigeria, Godwin Emefiele, disclosed this on Thursday in Port-Harcourt at the...

Plant Protection Bill To Generate $2bn – NESG       The Nigerian Economic Summit Group on Thursday said the implementation of the Plant Variety Protection Bill, which was recently signed into law, would help Nigeria to generate over $2bn from seeds export. It applauded the Federal Government for...

W/Bank To Boost Water Supply In Nigeria With $700m     The World Bank has approved the Nigeria Sustainable Urban and Rural Water Supply, Sanitation, and Hygiene (SURWASH) Programme , which will provide $700m credit from the International Development Association to ensure that six million people can...

Contributory Pension Assets Rise To N12.4trn       The total assets under the Contributory Pension Scheme rose to N12.4tn as of the end of April, according to the latest data obtained from the National Pension Commission on Wednesday. PenCom, in its unaudited report on the pension funds industry...