Dangote Cement Pays N1trn Dividends In 7 Years       Dangote Cement Plc says it has grown the wealth of its shareholders, paying over N1tn as dividends in the past seven years. According to the company’s Group Chief Financial Officer, Mr Guillaume Moyen, the cement manufacturer is focused...

Subsidy Removal Will Earn Nigeria N1trn Annually       The Federal Government yesterday said the country stood to rake in over N1 trillion annually from fuel subsidy removal. Minister of State, Petroleum, Chief Timipre Sylva, said the cash would be deployed to fund other critical components of the...

FG Suffers N1trn Revenue Shortfall In Five Months     The Federal Government on Monday released guidelines and instructions that must be followed by all its ministries, departments and agencies for the preparation of the 2021 budget proposal. In its 2021 Budget Call Circular from the country’s budget...

Gencos Oppose Reversing Privatisation, Allege N1trn Debt     Electricity generation companies on Sunday kicked against calls by the Senate for a reversal of the privatisation of the power sector. The Gencos also announced that the indebtedness of the power sector to electricity producers had risen to about...

NBET Owes Power Producers Over N1trn - Gencos   Power producers in the country have said they are owed at least N1tn by the Nigerian Bulk Electricity Trading Plc. They said the debt was threatening their viability and undermining their ability to invest more. The government-owned NBET buys...

Nigeria Losing N1trn Yearly To Bad Roads   Nigeria is losing over N1trn annually as a result of bad roads across the country, the Senate has said. The Federal Roads Maintenance Agency also put the cost in man-hours loss due to bad roads and traffic delays at...