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Electricity Subsidies Cost N1.94 trillion in 2024 – NERC

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that the federal government spent N1.94 trillion on electricity subsidies in 2024 due to the continued gap between customer tariffs and actual market costs.
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SEC Alerts Nigerians to Forsman & Bodenfors Fraudulent Activities

The Securities and Exchange Commission (SEC) has warned Nigerians about the activities of Forsman & Bodenfors Limited, also known as F&B.
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Dangote Submits Plans for Mega Seaport Project

Aliko Dangote, president of the Dangote Group, says he plans to build the “biggest, deepest seaport in Nigeria”.
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FG Committed to Gas-powered Economy, Minister Says

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has said that the Federal Government, under the leadership of President Bola Tinubu, is committed to making Nigeria a gas-powered economy.
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IMF Forecasts 0.5% GDP Loss for Nigeria

The Federal Government may lose as much as 0.5 per cent of the country’s Gross Domestic Product in revenue following its decision not to raise the Value Added Tax rate, the International Monetary Fund has disclosed.
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Metering Gap Remains Despite 187,000 New Installations

Despite the various initiatives aimed at tackling estimated billing and enhancing customer satisfaction, over half of Nigeria’s electricity consumers remain unmetered.
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Economic Confidential is a magazine published and produced by Image Merchant Promotion (IMPR) Limited, an Abuja-based Public Relations (PR) outfit with specialty in Media Relations, Crisis Communication, Social Media, Publishing, and Integrated Marketing Communication.

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