Climate Change: EU To Support Nigeria With €150m     The European Union says it will support Nigeria with 150 million euro to enable it to tackle challenges of climate change. The EU Ambassador to Nigeria and Head of delegation, Mr Ketil Karlsen, disclosed this at the European...

FEC Approves N314bn For Education, Road Projects   The Federal Executive Council (FEC) presided over by Vice President Yemi Osinbajo yesterday approved a total N311.8 billion for two link roads connecting the Second Niger Bridge in the South East and other projects being prosecuted at the...

FG Lost N18.8bn To Fibre Optics Deal In 13 Years   The federal government has lost about N18.8bn equivalent to $52m due to the failed management of electricity transmission lines’ fibre optics concession deal by private firms since 2006. A document made available to Economic Confidential...

NNPC Remittances Drop By N1.6trn In 5 Years   The remittances of the Nigerian National Petroleum Corporation to the Federation Account dropped by N1.59tn within a five-year period, figures contained in the latest report of the Nigeria Extractive Industries Transparency Initiative have shown. An analysis of NEITI’s...

2020 Budget: FG Proposes N9.12trn Estimate, Targets N7.17trn Revenue   The Federal Government has proposed N9.12trn as the 2020 budget estimate. It has deficit of about N2.28trn. These were contained in the 2020-2022 Medium Time Expenditure Framework and Fiscal Strategy Paper sent to the National Assembly by...

Despite $1.6bn Intervention, Grid Records 100 System Collapses   Power distribution companies have said that the country’s electricity grid has suffered nine system collapses this year and over 100 of such cases since the sector was privatised. According to them, the system collapse has continued to occur...