Amid Unfavourable Environment, Manufacturing Output Rebounds, Hits N7trn     In the third quarter of the year, the manufacturing sector recorded a total output of N7.1tn. The N7.1tn is N1.7tn higher than N5.4tn recorded in the second quarter of 2021. This is according to data contained in the latest...

Nigerians Spend N7trn Yearly On Power Generation       Nigerians, and by extension, their businesses, expend about N7 trillion annually on power generation, a Renewable Energy expert, Mr Stephen Ogboko, has said. Ogboko, also the Executive Director and Chief Operating Officer, Off Grid Tech Solutions Ltd., made this...

Subsidy, Debt Servicing May Push Deficit Above N7trn This Year       The possibility of the Federal Government resorting to further borrowings or ‘ways and means’ (government facility from the Central Bank of Nigeria) to cushion the effect of revenue shortfall is imminent due to the rising...

Maritime Contributing N7trn Yearly To Economy – Shipper’s Council     The maritime transportation industry is contributing about N7tn to the national economy annually, the Nigerian Shippers’ Council has said. According to the council, the sector, however, must be supported by the Central Bank of Nigeria to enable...

PFAs Invest N7trn In FG Securities, Infrastructure   About N7.40trn of the N9.99tn pension fund assets has been invested in the Federal Government securities by Pension Fund Administrators. Latest data from the National Pension Commission also showed that the PFAs raised their investment in infrastructure to N40.52bn...