Electricity: Niger, Togo, Benin Owing Nigeria N12.6bn For 2023 Q1   Amidst growing tension between Nigeria and its northern neighbour, Niger Republic, official report has indicated that Niger together with Togo and Benin Republic indebtedness to Nigeria on electricity supply has hit $16.11 million (about N12.60...

Workers Transferred N822bn To New Operators, Dump PFAs - PenCom   No fewer than 203,127 workers have changed their Pension Fund Administrators and moved N822.37bn from their Retirement Savings Accounts since the National Pension Commission (PenCom) opened the window of transfer. PenCom disclosed this in its transfers...

Nigeria’s Cinemas Generate N482m Revenue In July - CEAN Chairman   The Cinema Exhibitors Association of Nigeria (CEAN) says it generated N482m as revenue across all cinemas in Nigeria in July. The CEAN National Chairman, Mr Opeyemi Ajayi , made this known in a recent interview in...

Banks Offer Telcos N120bn Debt Repayment Plan   Telecommunication firms are considering a repayment plan proposed by Deposit Money Banks to end the N120bn debt on the Unstructured Supplementary Service Data service. A source said the Central Bank of Nigeria (CBN) was intervening in the dispute, and...

Floods Caused $7bn Economic Damage In 2022 – Shettima   The Federal Government has said the financial worth of direct economic damage in Nigeria caused by floods in 2022 is $7bn. On Tuesday, the government also said over 600 lives were lost as a result of the...

Electricity Subsidy: FG Spent N36bn In Three Months – NERC   The Nigerian Electricity Regulation Commission (NERC) has said the federal government paid the sum of N36bn to subsidise electricity consumption in the first quarter of 2023. In its quarterly report, NERC said the money amounted to...