GenCos Raises Alarm Over Exclusion from FG's N4trn Debt Verification Process   The Association of Power Generation Companies (GenCos) has raised concerns over their exclusion from the Federal Government’s ongoing debt verification and reconciliation process, which seeks to address the N4tn owed to generation companies in...

FG Plans N758bn Bond to Offset Pension Liabilities – PenCom   The Federal Government may issue a N758bn bond before the first week of October to clear outstanding pension liabilities, the National Pension Commission (PenCom) has disclosed. Speaking at a press briefing in Abuja on Thursday, the...

N5.6trn Debt Threatens Energy Supply as Gas Firms Cut Supply   Nigeria faces the threat of nationwide blackouts as gas companies reduce their supply to power plants due to an outstanding N5.6 trillion debt owed to power generation companies. The development has raised concerns about the stability...

Non-oil Revenue Rises 40% to N20.6trn – Presidency   The Presidency has said Nigeria is firmly on track to meet its annual non-oil revenue target. A statement signed on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, cited new figures showing a...

FG Increases Scholarship Grants by 50%, Introduces Special Funds for STEMM, Medical Students The Federal Government has announced a 50 percent increase in scholarship grants across all levels of higher education under a reformed National Scholarship Programme, in line with President Bola Ahmed Tinubu’s Renewed...

Excess Crude Account Stands at $535,823 - AGF   The Accountant-General of the Federation, Shamseldeen Ogunjimi, on Thursday said Nigeria’s Excess Crude Account stood at $535,823.39 as of August. Ogunjimi disclosed this at the National Economic Council meeting chaired by Vice-President Kashim Shettima. The ECA was created...