Power Sector Reforms Yield $2bn Investment, Slash Liabilities
The Federal Government has said that the reforms introduced in Nigeria’s power sector under President Bola Tinubu’s Renewed Hope Agenda are beginning to yield measurable results, with improvements recorded across the electricity value chain.
According to the government,...
Nigeria Loses N40trn Yearly to Blackouts - Report
Nigeria loses about N40tn annually to poor electricity supply, the Nigerian Independent System Operator, an agency of the Federal Government, has said, warning that unreliable power remains one of the biggest constraints to economic growth, industrial productivity,...
ICPC Keeps Watch on N21.23trn Works Ministry Projects to Curb Corruption
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has disclosed that it monitored projects valued at over N21.23tn under the Federal Ministry of Works as part of efforts to prevent corruption and...
NEC Secretariat Gets N7.9bn Amid Funding Shortfalls for Agencies
The Federation Accounts Allocation Committee (FAAC) approved the disbursement of N7.895bn as funding for the operations of the Secretariat of the National Economic Council in 2025, despite widespread complaints by Ministries, Departments, and Agencies over inadequate...
President Bola Ahmed Tinubu has inaugurated an 11-member committee to oversee the establishment of the Grid Asset Management Company Limited (GAMCO), a new initiative aimed at addressing Nigeria’s persistent electricity transmission and grid management challenges.
Banks' Credit to Manufacturers Declines by 20% to N60.4trn
Nigerian deposit money banks disbursed a total of N60.35tn in credit to the manufacturing sector in the first nine months of 2025, a 20.44 per cent decline from the N75.86tn recorded in the corresponding period of...
