Senate Panel To Tinubu: Present Supplementary Budget For CNG Project   The Senate Committee on Gas has urged the executive arm of government to present a 2023 supplementary budget to the National Assembly to kick-start the Compressed Natural Gas (CNG) project. The panel, which commended President Bola...

11 Banks’ Non-performing Loans Hit N1.67trn   Following write-offs, restructuring of facilities, Global Standing Instruction (GSI) and credit risk management as a result of economic challenges, a total of 11 banks recorded N1.67 trillion non-performing loans (NPL) during the first half (H1) of 2023, an increase...

Rates Unification: Govt, Banks Rake in N2.2trn Governments, at the federal, state, and local levels, and banks, gained about N2.21trn following the exchange rates unification policy of the Central Bank of Nigeria (CBN). The Federation earned N834.36bn as exchange difference revenue between June and August 2023,...

FG Targets 350GW of Electricity by 2043 The Federal Government plans to achieve a target of 350 gigawatts of electricity-generating capacity by 2043. The Minister of Budget and Economic Planning, Abubakar Bagudu, said this when top management staff of the Nigerian Electricity Management Service Agency visited...

FAAC: FG, States, LGs Share N1.1trn for August The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.1 trillion as Federation Account Revenue to the Federal Government, States and Local Government Councils for August, 2023. A communique issued by the FAAC at its...

Nigerians to Utilize Different Tariff for Calls, Data in States - Telcos Telecommunication firms have announced that Nigerians may soon be paying different prices in different states for calls, data, SMS, and other telecommunication services. According to the telcos, this measure is to mitigate against multiple...