Power Sector: Despite N701bn Intervention Fund, Liquidity Crisis Persists
Despite approval by the Federal Executive Council (FEC), for a N701-billion Central Bank of Nigeria (CBN) facility to ameliorate liquidity crisis in the power sector, funding challenges remain a big issue.
Unfortunately, more than a year after...
Discos: We Were Eligible To Only N58bn Of CBN’s Power Sector Fund
The electricity distribution companies (Discos) have said the Central Bank of Nigeria (CBN) reserved just about N58.45 billion or 27.75 per cent of its N213 billion power sector intervention fund for the Discos,...
Fashola Expending Taxpayers’ Funds On Unwarranted Projects – Discos
The confrontation between the power distribution companies and the Minister of Power, Works and Housing, Babatunde Fashola, continued on Sunday, with the Discos firing back at the minister, accusing him of expending taxpayers’ money on unwarranted...
Fidelity Bank To Organise N500m Funding For SMEs
Fidelity Bank Plc has concluded plan to organise a fair that is expected to provide an opportunity for operators of small and medium scale enterprises (SMEs) to meet with viable financing organisations.
The bank estimated that the initiative...
FG, States, Others Diverted N320bn Natural Resources Fund Says Dogara
The Speaker of the House of Representatives, Mr. Yakubu Dogara, on Thursday disclosed how the Federal Government, states and private organisations allegedly diverted N320bn from the Natural Resources Fund over the years.
Former President Olusegun Obasanjo...
AfDB Set To Fund Private Health Care In Lagos With $20m
The African Development Bank says its board has approved the support of private health care system in Lagos, Nigeria with a loan of $20m.
A statement issued by the bank in Abuja on Monday said...
