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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Nigeria To Build Power Equipment Park To Stop Import Dependence
Nigeria will build a power equipment industrial park with Chinese firm TBEA to stop importing transformers, cables and other critical gear. The commitment was secured by the Honourable Minister of Power, Joseph
Nigeria Faces ₦20 Trillion Annual Bill If Fuel Subsidy Returns
The Centre for the Promotion of Private Enterprise [CPPE] says returning petrol subsidy will cost Nigeria approximately ₦20 trillion yearly. It could also plunge the country into a deeper fiscal, debt and
NNPC Retail Unveils First Smart Self-Service Station In Abuja
NNPC Retail Limited has commissioned its first Smart Self-Service Station on Bill Clinton Drive, Abuja. The station offers fuel dispensing, electric vehicle charging, and other mobility and lifestyle services. It operates a
PlotWeaver Enters Agreement With NFC On AI Localisation For Global Expansion
PlotWeaver and the Nigerian Film Corporation (NFC) have signed a memorandum of understanding to drive Nollywood’s expansion through AI-powered dubbing, voice preservation, and multilingual localisation. The deal is aimed at tackling a
FG Disburses ₦1.1bn Additional Exit Benefits To 175 Retirees
The Federal Government has paid approximately ₦1.1 billion as Additional Exit Benefits to 175 retirees from Treasury-funded Ministries, Departments and Agencies (MDAs). The beneficiaries left the Federal Public Service between 1 January
NESG Demands Action To Translate Climate Commitments Into Sustainable Economic Growth
The Nigerian Economic Summit Group (NESG), in collaboration with the Federal Ministry of Budget and Economic Planning, is demanding stronger action to translate Nigeria’s climate commitments into investments that drive economic growth,
GOCOP Plans Dotun Oladipo Prize For Online Journalism
The Guild of Corporate Online Publishers (GOCOP) has announced plans to institute the Dotun Oladipo Prize for Online Journalism in memory of its former president. GOCOP Deputy President, Olumide Iyanda, announced the
NESG Seeks Deliberate Strategy To Attract Sustainable FDI
The Nigerian Economic Summit Group (NESG), in collaboration with the Federal Ministry of Budget and Economic Planning, on Thursday advocated the need for a more deliberate approach to attracting and retaining sustainable
Tegbe Gets Fresh Chinese Deal To Boost Nigeria’s Power Reform
The Minister of Power, Joseph Tegbe, has concluded high-level engagements with leading Chinese power engineering companies and financial institutions. The engagements gave birth to commitments to accelerate Presidential Power Initiative projects and
Fuel Subsidy Benefited Cartels, Rich Nigerians With Several Cars — Alake
The Minister of Solid Minerals Development, Dr. Dele Alake, has defended the removal of fuel subsidy, saying the policy largely benefited fuel cartels and wealthy Nigerians rather than ordinary citizens. He argued
