Debt Servicing Consumes Over 50% Of Nigeria’s Revenue, Says AfDB
Debt servicing gulps more than 50 per cent of Nigeria’s revenue, the African Development Bank has said.
The bank, which said this in its West Africa Economic Outlook 2019, said the servicing of the country’s external...
Ex-Amcon Boss: Power Sector Can Attract $30bn In Three Years
A former Managing Director of the Assets Management Corporation of Nigeria has said the liberalisation of the nation’s power sector will attract over $30bn of investment to the sector in the next three years.
Chike-Obi, who...
TCN Says, "FG, Discos Need $4.3bn To Improve Power Supply"
Power distribution companies require $4.3bn to recapitalise in order to effectively invest in their networks nationwide and improve electricity supply, according to a study conducted by the Transmission Company of Nigeria.
TCN also stated that the...
Fuel Subsidies, Others Costing FG N4trn - AAC Boss
The Executive Vice Chairman, Alpha African Advisory, Mr. Mustafa Chike-Obi, has said subsidies on fuel, foreign exchange and electricity are costing the Federal Government about N4 trillion. He said government must remove certain subsidies if it...
Adesina: AfDB Invested $1bn On African SMEs, Others
The African Development Bank (AfDB) has so far invested about $1 billion on small businesses and infrastructure in Africa, president of the bank, Dr Akinwunmi Adesina, has said.
Dr Adesina disclosed this on Monday in Malabo, Equatorial Guinea,...
NPA Generates N67.19bn Revenue In 3 Months
The Nigerian Ports Authority (NPA) has announced a revenue of N67.19 billion for the three months that ended March 31, 2019. This represents 24.8 per cent of the N270.56 billion earned in 12 months ending December 31, 2018.
The...
