Tariff Implementation: Nigeria’s Power Sector Faces Bleak Future — GENCOs       Power Generating Companies, GENCOs, has said that the constraints bewildering Nigeria’s power sector are so vast that they may end up forcing it to comatose. The GENCOs reaction is coming against the backdrop of the recent...

Controversy Over N4.6bn Payments Due To IPPIS – Fashola         The Minister of Works and Housing, Babatunde Fashola, said no money was missing or stolen under his watch between September and December last year. Fashola denied reports that he supervised the illegal payment of N4.6bn into private...

Fed Govt Processing $750m World Bank Loan For States         The Federal Government has said it is processing a World Bank loan of $750 million on behalf of state governments, to stimulate the local economy as well as support vulnerable household’s consumption. The Minister of Finance, Budget...

How We’re Tackling Recession – Fed Govt         The Federal Government on Monday explained some of the measures being adopted to help get the country out of its current economic recession. Minister of Finance, Budget and National Planning, Zainab Ahmed, outlined these measures while speaking at the...

Naira Declines Further, Exchanges For 483/$ Over Speculation         The naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the regular interventions in terms of forex injections by the Central Bank of Nigeria. Bureau de Change operators have blamed the depreciation...

Reps Demand N50bn Airlines Bailout         The House of Representatives has said Nigeria’s aviation sector needs about N50bn to cushion the effects of the COVID-19 pandemic while dismissing the N4bn proposed by the Federal Government as grossly inadequate. The House Committee on Aviation, which addressed journalists in...