Nigeria’s Debt Profile Hits N32.92trn
The National Bureau of Statistics (NBS),says public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. The current debt profile was for the
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Esso Commences $1bn Drilling, Eyes 40,000 bpd Additional Output
Esso Exploration and Production Nigeria has commenced a $1 billion drilling campaign at the Usan field, targeting an additional 40,000 barrels of oil per day. The ExxonMobil affiliate and operator of OML
Shell Expands Projects To Meet Nigeria’s Energy Needs
Shell Nigeria says it is advancing with an extensive portfolio of projects aimed at meeting the country’s growing energy demand and driving national development. Speaking on Wednesday while hosting chief executives of
NERC Cedes Akwa Ibom Power Oversight To State
The Nigerian Electricity Regulatory Commission, NERC, has transferred regulatory oversight of Akwa Ibom’s intrastate electricity market to the Akwa Ibom State Electricity Regulatory Commission, AKSERC. The act is in line with the
Bayelsa Issues First Power Distribution Licence
Bayelsa State has taken full control of its electricity sector following the issuance of its first distribution licence to Bayelsa Electricity Distribution Company Limited, BYEDC. The licence, No. BYERA/EDL/001, was presented on
Ikeja Electric, Others Celebrate Platforms Africa’s Adeola Yusuf On LASU Ph.D Milestone
Ikeja Electric has described the conferment of a doctorate degree on Dr. Adeola Yusuf of Platforms Africa by Lagos State University as a major win for “town and gown.” The power distribution
FG: Subsidy Removal Saved Nigerians From ₦3,000 Black Market Petrol
Nigerians were saved from paying over ₦3,000 per litre for petrol on the black market following the removal of fuel subsidy, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele,
Procurement Reforms: BPP Saves FG N1.5tn In 17 Months
The Bureau of Public Procurement, BPP, has saved the Federal Government about N1.5 trillion in 17 months through tighter procurement controls, improved benchmarking and reforms aimed at curbing waste. The Director-General of
NESG Demands Structural Reforms To Drive Industrialisation
The Nigerian Economic Summit Group, NESG, has advocated the need for urgent structural reforms and coordinated policy implementation to drive Nigeria’s industrialisation, warning that macro-economic stability alone will not deliver jobs, higher
Outright Exclusion Of Workers From Payrolls Limiting Access To Benefits- NSITF
The Nigeria Social Insurance Trust Fund, NSITF, has raised the alarm over the outright exclusion of employees from employer payrolls, saying the practice is denying thousands of Nigerian workers access to compensation
Nigeria May Have Escaped Fiscal Cliff; Now Build An Economy Worth The Sacrifice
By Blaise Udunze Three years after the removal of the fuel subsidy and the adjustment of the foreign-exchange regime, Nigeria’s revenue and external positions have improved significantly. After escaping the fiscal cliff
