NERC: Togo, Benin Q2 Electricity Debt To Nigeria Hits N770m   The Nigerian Electricity Regulatory Commission (NERC) says the Republic of Benin, Niger Republic, Togo did not pay N770 million electricity bill owed Nigeria in the second quarter of 2021. The commission disclosed this in its second-quarter...

Chinese Loan Rises By $330m In One Year, Now $3.59bn On 15 Projects   Nigeria’s debt to China increased from $3.26bn as of September 30, 2020, to $3.59bn as of September 30, 2021, showing an increase of $330m in one year. This is according to an analysis...

BoI, Other Partners Boost NYSC Entrepreneurship Scheme With N3.6bn   Bank of Industry has disclosed that it has, along other partners, supported the National Youth Service Corps (NYSC) with a whooping N3.6 billion as startup loans since the inception of the NYSC Skills Acquisition and Entrepreneurship...

DMO Offers N250bn Sukuk For Subscription   The Debt Management Office (DMO) has offered for subscription N250 billion road Sukuk instrument for N1,000 per unit. In a statement, DMO indicates that the instrument was issued by “FGN Roads Sukuk Companies 1 Plc.” on behalf of the Federal...

W/Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria   The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria, the Nigeria Governors’ Forum hinted in its 36th teleconference meeting communique...

W/Bank Experts Say Over 42m Nigerian Rural Adults Lack Banking Services     Two World Bank experts have disclosed that more than 42 million adults who live in rural areas in Nigeria lack basic banking services. The experts are a consultant, Maarten Froeling, and an Associate Results Measurement...