N3.7tn Debt Threatens Power Generation
Power generation companies have declared that the sector’s indebtedness to companies that produce electricity is now N3.7tn and that this is a threat to further electricity production.
Electricity producers under the aegis of the Association of Power Generation Companies drew the...
CBN Pays Off $831m Foreign Airlines’ Trapped Funds – IATA
The International Air Transport Association (IATA) has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to date.
The Geneva, Switzerland-based IATA said the development had...
NDPHC Moves to Utilise 3,000MW Unused Power
The Niger Delta Power Holding Company (NDPHC) says it is taking steps to ensure 3,000 megawatts of stranded power in its plants becomes utilised.
The company said it is also putting efforts in top gear to ensure the attainment...
OPEC Pegs Nigeria’s Crude Oil Production Quota for 2025 at 1.5mbpd
The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) has pegged Nigeria’s crude oil production quota for 2024 at 1.5 million barrels daily.
This was disclosed in...
Despite Inflation, Nigeria’s Economy Growing Significantly – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that Nigeria’s economy is experiencing appreciable growth that may see the high inflation rate in the country come down drastically in a...
According to the National Information Technology Development Agency (NITDA), Nigeria will be hosting the Gulf Information Technology Exhibition (GITEX) in 2025.
