NNPC Loads 995m Litres Of Petrol To States Nigerian National Petroleum Company Ltd. (NNPCL) has loaded 994.479 million liters of petroleum worth N164.175 billion (at N165 per litre) to states and the Federal Capital Territory (FCT) in the last 14 days. Authorities have blamed rising diesel...

Nigeria Foreign Airlines’ Trap Funds International Air Transport Association (IATA) statistics show that the total amount of foreign airlines' funds trapped in Nigeria has doubled from $147 million (N61 billion) in August 2021 to $283 million (about N117.6 billion) as at now. In line with the...

FRC Facilitates Over N600bn Revenue Increment   The Fiscal Responsibility Commission (FRC) said it has facilitated over N600 billion revenue increment for the federal government. The chairman of the commission, Chief Victor Muruako, disclosed this during the opening of a five-day capacity building session for the chairmen...

Gencos Put NBET Debts At N1.64trn, Counters Purchase Agreements Power generation companies on Sunday said the Nigerian market was under threat based on the recent claims by the Nigerian Bulk Electricity Trading Company Plc that only five Gencos had active Power Purchase Agreements in Nigeria. Speaking...

Fed Govt Incurs N950bn New Domestic Borrowing In Q1, 2022 The Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11, 2022, the Debt Management Office has revealed. The fresh borrowing was disclosed on March 17 in the presentation of the Public...

'Nigeria Loses N150bn To Fake Battery Products'   The Chief Executive Officer, Emilinks Nigeria Limited, Mr Solomon Nwadiogbu, has said Nigeria loses about N150bn every year to fake battery products. Nwadiogbu disclosed this during a press briefing. He added that fake battery products often cause damage to...