Banks To Revive National Theatre With N25bn   The Central Bank of Nigeria and the Bankers Committee plan to revive the National Theatre at Iganmu, Lagos, with about N25bn. The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, disclosed this during the 11th Bankers Committee retreat in...

Total Pension Assets Increase To N9.8trn   The total assets under the Contributory Pension Scheme rose to N9.81tn as of the end of October, the National Pension Commission has stated. According to the commission, a total of N6.91tn or 70.43 per cent of the funds has been...

Electricity: Nigeria Lost N4bn To Workers Strike   The industrial action undertaken by members of the National Union of Electricity Employees (NUEE) on Wednesday may have cost the country over N4bn with nationwide outages. NUEE called off the strike yesterday after meeting with the Federal Government. Economic...

Nigeria Loses N600bn Monthly To Gridlock   The Federal Government says it has concluded plan to engage relevant stakeholders to address the persistent gridlock at the nation’s ports. Rep. Victor Akinjo, Chairman, House of Representatives Committee on Privatisation and Commercialisation, made this known on Thursday during...

Buhari Canvasses $1bn Recapitalisation Of African Energy Corporation   Nigeria’s President, Muhammadu Buhari, on Thursday charged the Council of Ministers of African Petroleum Producers’ Organisation to support the recapitalisation of the African Energy Investment Corporation to $1bn. Buhari, who spoke at the extraordinary session of the council...

ANED: 10 Power Discos Earned N466bn In 9 Months   The Association of Nigerian Electricity Distributors (ANED) – the umbrella trade association of 10 electricity distribution companies (Discos) in Nigeria – has said its members earned N466 billion in nine months. The period under review was between...