$500m Chinese Debt Sparks Confusion In Airport Concession       Federal Government’s plan to concession airports has run into difficulties over an existing debt and pact with China to build four new terminals at the cost of $500 million. The “concession within concession”, according to the coalition of...

Fed Govt To Sell Geregu, 2 Plants For N434bn       The Federal government has said it will sell the Geregu, Omotosho and Calabar power plants for N434 billion to investors next year. This is contained in a document presented by Alex Okoh, the Director-General, Bureau of Public...

NNPC Denies Non-remittance of N21bn Revenue To Federal Account         The Nigerian National Petroleum Corporation (NNPC) has denied allegations it did not remit N21bn revenue from Nigeria Liquefied Natural Gas (NLNG) to the Federation Account. Its Group Managing Director (GMD) Mele Kyari dismissed the allegation as pedestrian...

Nigeria Could Face $20bn Loss In Export Revenue - Report         Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue this year as global oil demand is estimated never to exceed 2019 levels, with energy...

Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects         With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries should...

N265bn Disbursed Under National Housing Fund - Fed Govt         The Federal Mortgage Bank on Wednesday announced that it had so far disbursed N265bn to subscribers under the National Housing Fund. It also announced that subscribers to the fund had increased to 5.1 million, as 570,000 new...