Subsidy Removal Will Earn Nigeria N1trn Annually       The Federal Government yesterday said the country stood to rake in over N1 trillion annually from fuel subsidy removal. Minister of State, Petroleum, Chief Timipre Sylva, said the cash would be deployed to fund other critical components of the...

FG Raises Panel For N10bn Transport Palliative Allocation     The Federal Government has constituted a committee to draw up guidelines for the disbursement of the N10bn palliative fund for road transport operators and workers. Minister of State for Transportation, Gbemisola Saraki, disclosed this in Abuja while receiving...

FG Inaugurates N75bn SMEs COVID-19 Stimulus Schemes       The Federal Government on Thursday flagged off two schemes to financially support about 1.7 million micro, small and medium enterprises across the country with N75bn. At a briefing on the flag-off of the National MSME Survival Fund and the...

Manufacturers Spend N67.38bn On Electricity Self-generation     The President, Manufacturers Association of Nigeria, Mansur Ahmed, has said that the COVID-19 pandemic which created unprecedented challenges in global economies led to a near shut down of eight subsectors of the country’s manufacturing sector. He also said that the...

FG Approves $2.3bn For 7,000Mw Power     The Minister of State for Power, Mr Goddy Agba said the Federal Government plans to spend $2.3 billion in the first phase of the Presidential Power Initiative (PPI) project, aimed at increasing the nation’s power transmission capacity to 7,000megawatts...

Unsold Goods Inventory Hit N402.4bn, Highest In Years – MAN       The Manufacturers Association of Nigeria (MAN) has said the inventory of unsold finished manufactured products has risen to an all-time high of about N402.4 billion. President of MAN, Engineer Mansur Ahmed, in his 2020 AGM media...