Discos Lose N366bn To Tariff Hike Postponement   The postponement of the electricity tariff hike shift from April to June is estimated to have cost the 11 Distribution Companies (DisCos) about N366 billion in expected revenue. The Nigerian Electricity Regulatory Commission (NERC) which had planned to approve...

NPA Generates N180bn From Dredging, Equipment Management     The Nigerian Ports Authority (NPA) has made over N180 billion from dredging and equipment management over the last four years, it was learnt at the weekend. The revenue, it was gathered, was made possible through the Joint Venture (JV)...

DMO Faults Reps, Says Lawmakers Approved $3.18bn Chinese Loans   The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised by the House of Representatives, were approved by the National Assembly. The House of Representatives had on...

World Bank Approves $346m For Lake Chad Region Projects   The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank on Wednesday explained that the projects, to be financed through the...

Banks’ Investments In Software Rise To N46.2bn     Ten Deposit Money Banks reported fresh investments valued at N46.2bn in software in the first three months of the year in order to deliver hitch-free digital banking services to customers. Findings showed that in the first quarter of the...

Importers, Agents Berate NPA, NSC Over N150bn Charges   Importers and clearing agents at the seaports have raised the alarm over the plan by shipping firms to introduce and force them to pay additional charges on dry, reefer, Out of Gauge (OOG), break bulk cargoes coming...