BEDC Spends N11bn to Purchase Energy from NBET Monthly, Says MD   The Managing Director/Chief Executive Officer, Benin Electricity Distribution Company (BEDC), Deolu Ijose, has revealed that the company needs the cooperation of electricity consumers in its franchise states to meet their demands as it gets...

World Bank Loan Of $800m To Be Repaid Over 25 Years By FG   The $800m loan approved by the World Bank as a subsidy palliative is expected to be repaid by the new administration after President Muhammadu Buhari regime. The Minister of Finance, Budget and National...

FG to Approve N498m for Luggage Scanners at Railway Stations   The Federal Government has approved the procurement and installation of luggage scanners in all railway stations in Abuja, Kaduna and Kano. They include eight colour-imaging Xray scanners, eight body scanners and metal detectors as well as...

FG Approves N23bn for Maintenance of Third Mainland Bridge, Others   The Federal Government has approved the sum of N23.33bn for surface maintenance of the Third Mainland Bridge, Lagos State, as well as the augmentation of the contract sum for the old Enugu-Anambra road project. The Minister...

Public Debt Stock Increased By 4.96% To N46.25trn In Q4, 2022   The country’s total public debt stock increased by 4.96 per cent to N46.25 trillion ($103.11 billion) in the fourth quarter of last year (Q4 2022) compared to N44.06 trillion ($101.91 billion) in the preceding...

Gas Flaring: FG Imposes N22bn Fine On Oil Firms   The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b ($86m) between January and February 2023. According to latest gas...