Manufacturers Spent N119bn To Generate Power In Nine Years   Expenditure by manufacturers on alternative energy sources (excluding power from distribution companies) jumped by 82 per cent, from N25bn in 2014 to N144bn in 2022. This is according to data collated from the annual and bi-annual reports...

Seaport: Nigeria Loses $15bn To Congestion, Others Annually   Nigeria is said to be losing an estimated $15billion annually due to congestion and other maritime related issues at the nation’s seaport. This is even as port users lamented mounting refuse dump on Apapa port access roads recently...

Nigeria’s Pension Assets To Hit N19trn In 2024, Report Reveals   Nigeria’s total pension assets, has been projected rise to an impressive N19 trillion by the end of 2024, according to a Pan-African credit rating agency, Agusto & Co. This projection is contained in a report titled,...

Apapa Customs Intercepts Pistols, Rakes In N502bn Revenue   The Apapa Command of Nigeria Customs Service (NCS) on Tuesday, said that it intercepted two pistols inside one groupage cargo and collected a total of N502.987 billion from January 2023 to July. The Command also said it made...

Nigeria Spends Over N13trn On Subsidy - NEITI   Nigeria expended over N13.69 trillion between 2005 to 2021 to finance subsidy payments, the Executive Secretary, Nigeria Extractive Industry Transparency Initiative (NEITI), Orji Ogbonnaya Orji, has said. “We have outlined what needs to be done in our policy...

Kwara Govt Approves N10,000 Monthly Palliative For Public Workers   The Kwara State Governor, Alhaji AbdulRahman AbdulRazaq, has approved palliatives of a monthly cash support of N10,000 for every public sector workers in the state. AbdulRazaq, however, said the palliative would begin in July and last until...