USA Budgets $5.7m To Support Nigeria   The United States of America plans to assist Nigeria with $5.7m to manage elections. This was according to the Congressional Budget Justification for Foreign Operations document for Fiscal Year 2024 obtained by our correspondent. Economic Confidential observed that the $5.7m is...

DisCos Raked In N202.62bn Revenue In Q3, 2022   The National Bureau of Statistics (NBS) said the 11 electricity Distribution Companies (DisCos) collected N202.62 billion revenue in the third quarter of 2021 (Q3 2021). It rose by 7.54 per cent from the N188.11 billion collected in the...

Kogi, Six Other States Lose N45bn FG Funding   The Minister of State for Budget and National Planning and the Chairman of the Federal Cares Steering Committee, Clem Agba, has disclosed that only 29 states and the Federal Capital Territory, are beneficiaries of the funds disbursed...

LCCI, NUPENG Knock FG Over Subsidy Removal, $800m Palliative Loan   The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over the $800 million loan the Federal Government has secured to cushion the effect of premium motor spirit (PMS) subsidy removal on poor Nigerians,...

BoI Group Assets Rise to N2.38trn   The Bank of Industry Group (BoI) revealed that its total asset rose by 39.2 per cent to N2.38trn as of the end of 2022 financial period. It said in a statement on Monday that the growth was achieved following the...

NRC Debt Servicing Hit N111bn, Generates N12bn – Report The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December 30, 2022, official exchange rate of N448.55) servicing railway debts in the last two years while making only N11.61bn...