FERMA Gets N8.1bn From FG To Repair Ten Roads       The Federal Executive Council on Wednesday approved a total of N8.1bn for the Federal Roads Maintenance Agency to carry out emergency repairs of 10 roads across the country. The Minister of Works and Housing, Babatunde Fashola, disclosed...

Nigeria’s Bonny Light Price Stabilises At $50 Per Barrel         Barely a few days to the end of the year, the price of Nigeria’s Bonny Light has stabilised at $50 per barrel in the international market, about 25 percent above the 2021 budget benchmark of $40. This...

Nigeria Closer To Full Gas Utilisation Potential, Says Buhari         President Muhammadu Buhari, on Tuesday said Nigeria under his watch was getting closer to the nation’s dream of full utilisation of its abundant gas potential. According to a statement by his Special Adviser on Media and Publicity,...

National Assembly Passes N13.58trn Budget For 2021         The National Assembly, Monday passed the 2021 Appropriation Bill to the tune of N13, 588, 027,886, 175 trillion as an aggregate expenditure. The approval was done during an emergency session convened for the purpose of passing the budget. The approved...

Reps Jerk Up 2021 Budget By Over N500bn         The House of Representatives has increased the 2021 budget by over N500 billion. It will be recalled that President Muhammadu Buhari on October 8, 2020, present a budget size of N13.08 trillion before a joint session of the...

Electricity: Gas, Transmission, Distribution Facilities Hinder 10,106MW Generation         A total of 10,106.8 megawatts of electricity could not be generated by the nation’s power plants last week amid lingering challenges in the Nigerian electricity supply industry. Daily electricity generation in the country averaged 4,601.33MW last week as...