Petrol Subsidy Rises, Hits N1.16trn In 11 Months   The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and November this year, the latest data from the Nigerian National Petroleum Company Limited show. The data also revealed that NNPC’s remittances...

Budget: Power, Finance Projects Get Lion’s Shares Of N1.16trn Loans   The Ministry of Finance, Budget and National Planning will get the lion’s share, in terms of projects costs, of the N1.16tn multilateral and bilateral loans that the Federal Government is planning to get to part...

Power: Distributors Fail To Remit N1.16trn To NBET   Power distribution companies in the country failed to remit a total of N1.156trn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them as of February 2019. Discos’ total debt to NBET stood at N890bn...

FG, State Borrows N1.16trn From Equity Market To finance its fiscal and infrastructure deficits owing to paucity of funds, the Federal Government had borrowed about N1.16trn from the equities market in 2018, including the maiden N100 billion Sukuk designed to fund critical road network across...