FG Lost N18.8bn To Fibre Optics Deal In 13 Years   The federal government has lost about N18.8bn equivalent to $52m due to the failed management of electricity transmission lines’ fibre optics concession deal by private firms since 2006. A document made available to Economic Confidential...

FG Commissions 98.8KW Solar Hybrid Grid In Kebbi   The Federal Government will today Tuesday September 17, 2019 inaugurate 98.8KW solar hybrid mini grid power plant at Kare-Dadin Kowa, in Kebbi State. This is part of its commitment to providing equitable access to electricity across regions in...

FG Inaugurates Sept Savings Bond Offer To Investors   The Federal Government has commenced the auction of its savings bond for September this year. A savings bond is targeted at low-income earners to encourage them to save and earn more income (interest) when compared with their savings...

FG Targets $3.5bn Investments In Gas Flaring   The Federal Government is targeting to attract $3.5bn worth of investments into the country through the Nigerian Gas Flare Commercialisation Programme and has issued letters of qualification to 205 firms that are interested in the NGFCP. It was gathered...

Renewable Energy: FG, Sterling Bank, Others Partner The Federal Government, Sterling Bank and Virtus Energy Solutions Limited are partnering to enhance power production for small businesses in Nigeria. The Managing Director/Chief Executive Officer, Rural Electrification Agency, Damilola Ogunbiyi, said the project would provide electricity access to...

Oil Majors Advice FG Against Discouraging Deepwater Project International oil companies have warned that an unfavourable fiscal regime will discourage deepwater projects in the country amid expectations of a new Production Sharing Contracts with the Federal Government this year. The Federal Government, in its 2019 approved...