Fed Govt, Transcorp’s Afam Plant Deal To Add 966MW Generation         The Federal Government on Thursday signed a share sale and purchase agreement with Transcorp Power Consortium in relation to Afam Power Plc and Afam III Fast Power Ltd. The agreement, which is expected to lead to...

Nigeria Reaching Maximum Borrowing Capacity, Says El-Rufai       Nigeria is almost reaching its maximum capacity to borrow and must be proactive in ramping up tax revenue collection, the Kaduna State Governor, Nasir El-Rufai, said on Thursday. El-Rufai lamented the low rate of tax collection in the country...

NERC Fails To Explain N2bn Contract Proposal       The Chairman of the Nigerian Electricity Regulatory Commission, Prof. James Momoh, on Wednesday, failed to tell the House of Representatives the total cost of demarcating and renovating the commission’s headquarters in spite that N2bn was proposed for completion...

Design New Revenue Sharing Formula, Lawmakers Tell RMAFC         The House of Representatives has asked the Revenue Mobilisation, Allocation and Fiscal Commission to come up with a new revenue sharing formula that will put more resources at the disposal of state and local governments. The House Committee...

Fed Govt Signs N105bn Afam Power Sale Pact Today       The signing ceremony for the sale of Afam Power Plant for N105bn to the preferred bidder will be done by the Federal Government Thursday (today). It was gathered on Wednesday that the ceremony, which holds at the...

Rising Debt Servicing Cost Can Impede Growth – CBN       The Central Bank of Nigeria has expressed concern over the rising cost of debt service being incurred by the Federal Government. The CBN, in its half-year 2020 economic report, said the trajectory of Federal Government’s debt further...