REA Targets 500 Power Projects with N170bn 2026 Budget
The Rural Electrification Agency (REA) has unveiled plans to execute more than 500 electrification projects in the 2026 fiscal year, as part of a N170bn budget proposal aimed at expanding reliable power supply to public institutions...
Capital Market's GDP Contribution Now 33% with N68.83trn Growth
The contribution of the capital market to Nigeria’s Gross Domestic Product has increased from 13 per cent in April 2024 to about 33 per cent, according to the Director-General of the Securities and Exchange Commission, Dr...
Fresh Loans Push FG's Domestic Debt to N77trn
The Federal Government’s domestic debt rose by N7.40tn within nine months, driven largely by fresh issuances of FGN bonds and higher Treasury Bills, data obtained from the Debt Management Office has shown.
Figures from the DMO indicate that...
GenCos Reject Presidency's N2.8trn Debt Deal
The Association of Power Generation Companies (GenCos) has firmly rejected claims by Presidency sources that N2.8tn constitutes a newly verified and final settlement of legacy debts owed to electricity generation companies, describing the assertion as inaccurate and misleading.
In a...
FG Pushes 70% of 2025 Capital Budget to 2026
The Federal Government has said it will implement 30 per cent of the 2025 capital budget before the end of November, as part of measures to fast-track project execution and clear outstanding obligations.
It also stated that...
