We've Recovered N1.6trn In 10 Years – AMCON Boss   The Asset Management Corporation of Nigeria (AMCON) has said it recovered N1.6tn from bad debtors in 10 years of its existence. This was disclosed in a statement signed by the Head of Corporate Communications Department, AMCON, Mr...

Direct Interventions In Power Sector Now N7trn – FG The Federal Government, on Tuesday, said it had spent about N7tn as direct interventions in the power sector despite privatising the electricity generation and distribution arms of the industry since November 2013. It revealed this at a...

FG Incurred N16.48trn Fresh Debt In Five Years - NDMF   The Federal Government piled up at least N16.48tn new borrowings between 2018 and 2022. This was disclosed in the National Debt Management Framework (NDMF) 2023 -2027 published on the website of the Debt Management Office (DMO). A...

We'll Spend N75bn on 75 Enterprises in Eight Months - Tinubu   President Bola Ahmed Tinubu has said his administration will spend 75 billion naira on 75 enterprises across the country from July 2023 to March 2024. The President who disclosed this in a nationwide broadcast on...

Manufacturers Spent N119bn To Generate Power In Nine Years   Expenditure by manufacturers on alternative energy sources (excluding power from distribution companies) jumped by 82 per cent, from N25bn in 2014 to N144bn in 2022. This is according to data collated from the annual and bi-annual reports...

Seaport: Nigeria Loses $15bn To Congestion, Others Annually   Nigeria is said to be losing an estimated $15billion annually due to congestion and other maritime related issues at the nation’s seaport. This is even as port users lamented mounting refuse dump on Apapa port access roads recently...