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...

You have a N1.1bn Case to Answer, ICPC Tells Former Customs Boss, Inde Dikko's Accomplice By Abdulrahman Abdulraheem The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has told Barrister Umar Hussaini, a private solicitor and friend to the late Comptroller General of Nigeria...

ECOWAS Donates $1m to Assist Nigeria’s Vulnerable Families Nigeria has been given one million dollars by the Economic Community of West African States (ECOWAS) to boost food and nutrition needs in Katsina, Zamfara and Borno States. This is contained in a joint statement by the Ministry...

Jet-A1 Hike: Aviation Crisis Lingers As Airlines, Marketers Fail To Agree On New Price Local airlines under the aegis of Airline Operators of Nigeria (AON), have  suspended their threat to shut down flight operations over the outrageous hike in price of Jet – A1 fuel. This...