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...

We've Recovered N1.6trn In 10 Years – AMCON Boss   The Asset Management Corporation of Nigeria (AMCON) has said it recovered N1.6tn from bad debtors in 10 years of its existence. This was disclosed in a statement signed by the Head of Corporate Communications Department, AMCON, Mr...

Direct Interventions In Power Sector Now N7trn – FG The Federal Government, on Tuesday, said it had spent about N7tn as direct interventions in the power sector despite privatising the electricity generation and distribution arms of the industry since November 2013. It revealed this at a...