Nigeria Loses N343bn As Oil Firms Burn 265bcf Of Gas In 9 Months       Despite Nigeria’s struggle with declining revenue, poor power supply and environmental degradation, oil and gas firms operating in the country flared 265.18 billion standard cubic feet, bcf, of gas between January and...

Reps Seek Indefinite Suspension Of Airports’ Concession         The House of Representatives has asked the Federal Government to suspend indefinitely the plan to concession airports until all issues have been addressed. The House Committee on Aviation, which criticised the Minister of Aviation, Hadi Sirika, for failing to...

New Tariff Illegal Without NERC Order, Say Electricity Consumers         The implementation of the revised service reflective tariff for electricity by power distribution companies is creating confusion among power consumers as some customers of Discos described it as an illegality. According to the Nigerian Electricity Consumers Advocacy...

Fed Govt Approves N5bn Bailout For Aviation Sector         The Federal Government has said it will soon commence the disbursement of the N5 billion bailout it approved for the operators in the aviation sector. Minister of Aviation, Senator Hadi Sirika disclosed this on Monday at the opening...

Stock Market Records N2.7trn Gain In Two Months         Equity trading on the Nigerian Stock Exchange recorded a gain of N2.75tn in the last two months (September and October 2020) following investors’ high demand for undervalued stocks. Economic Confidential gathered that despite the #EndSARS protests and the...

MDAs Must Remit Operating Surplus To Federation Account - Lawmakers       The House of Representatives has called ministries, departments and agencies to remit all Internally Generated Revenue due to the Federal Government coffers for proper funding of the 2021 budget. Chairman of the House Committee on Healthcare...