$2bn Power Project: Fresh Threats, As FG, Siemens Take Conflicting Positions     Barely one year to delivery, the Nigerian Electricity Road Map project under the Presidential Power Initiative (PPI), appears to be facing fresh hurdle that may derail or delay the execution and delivery of additional power...

We Lose N30bn Monthly To Vandalism, Theft, Others – Discos   Electricity distribution companies have said they lose over N30bn of their monthly revenue due to cases of energy theft, meter bypass, vandalism and unpaid electricity bills by consumers. Speaking under the aegis of the Association of...

In Five Months, Customs Generate N573bn     The Senate on Thursday asked the Nigerian Customs Service to exceed its N957bn revenue target contained in the revised 2020 budget by blocking all revenue leakages. The marching order from the red chamber came following the disclosure by the NCS...

FG Parleys AfDB Team On $410m Transmission Projects   The Minister of Power, Engr. Sale Mamman, yesterday met with the African Development Bank’s (AfDB’s) officials on the implementation of $410 million power transmission expansion projects. At a virtual meeting he held with the bank’s officials, the minister...

Highway Development, Management Will Generate N160bn - FG     The Federal Government on Thursday engaged stakeholders from various sectors of the economy for the implementation of its Highway Development and Management Initiative. It said the HDMI sought to bring multi-dimensional resources of skills, manpower, finance, technology and...

Insurance Industry Records N490bn Premium   The total businesses underwritten by the insurance companies rose by 15.55 per cent from N413.8bn as of the end of 2018 to N490bn as of the end of 2019 financial period. The Chairman, Nigerian Insurers Association, Mr Tope Smart, disclosed this...