REA Seeks $2bn To Power 80 million Rural Dwellers         The Rural Electrification Agency (REA) on Wednesday said over $2bn was required to power 80 million Nigerians who currently lack electricity and reside mostly in rural areas across the country. REA’s Managing Director, Malam Ahmad Salihijo Ahmad,...

FEC Okays $3.02bn For PH-Maiduguri Rail Line       The Federal Executive Council (FEC) on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. The decision was taken at the weekly meeting of the council presided...

Nigeria’s Debt Fast Becoming Unsustainable, May Reach N34trn – LCCI       The Lagos Chamber of Commerce and Industry has said the growing level of Nigeria’s debt is fast becoming unsustainable in the light of dwindling oil prices and production and might hit N34tn by year-end. The President,...

Unions Will Disburse N10bn Transport Palliative – FG       Only duly registered road transport unions will be considered under the N10bn intervention fund for road transport workers and operators, the Federal Government said on Tuesday. Minister of State for Transportation, Gbemisola Saraki, said this when the National...

States’ IGR Dropped To N612.87bn In H1 — NBS       The Internally Generated Revenue of states dropped to N612.87bn in the first six months of 2020 from N693.91bn in the corresponding period of 2019, the National Bureau of Statistics has disclosed. The NBS on Tuesday in its...

NCC Celebrates MTN’s N1trn Gains In Capital Market         The Nigerian Communications Commission (NCC) is counting the gains of the listing of MTN in the Nigerian Stocks Exchange (NSE) market, asserting that investors have “raked in approximately N1 trillion in price appreciation and dividends since April...