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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Tinubu Seeks More Time To Complete Verification Of GenCos ₦4Trillion Debt Claims
The Federal Government has pleaded with power generation companies (GENCOs) for more time to complete the verification and validation of longstanding debts owed to them. President Bola Tinubu made the appeal on
Why States Can’t Fix Electricity Tariffs-NERC
The Nigerian Electricity Regulatory Commission (NERC) has said that state governments can not fix electricity tariffs in the country. It maintained that since states have no jurisdiction over the national grid, they
Yilwatda, APC, Tinubu, And 2027
By Zayyad I. Muhammad The emergence of the Minister of Humanitarian Affairs and Poverty Alleviation, Prof. Nentawe Yilwatda, as the substantive National Chairman of the APC is purely a product of political
SEC Nigeria Clears Air On First Holdco Transaction
The Securities and Exchange Commission (SEC) has clarified its role and actions concerning the recent First Holdco Transaction. It said the “no objection” approval given to the transaction was fully compliant with
Funding Constraints:UN Suspends Emergency Food Aid For 1.3Million Citizens In Northeast
The United Nations World Food Programme (WFP), will be forced to suspend all emergency food and nutrition aid for 1.3 million people in northeast Nigeria by the end of this month. In
Reps Lament Shortage Of Skilled Manpower In Nigeria’s Renewable Energy Sector
The House of Representatives Committee on Renewable Energy,says Nigeria is grappling with a 50 per cent shortfall in skilled manpower within the renewable energy sector. Its chairman, Rep. Afam Ogene, disclosed this
#EndSARS:Court Awards ₦10Million Damages To Protesters Over Rights Infringements
A Lagos Federal High Court, has ordered the Inspector-General of Police, Kayode Egbetokun, and the Lagos State Commissioner of Police to jointly pay ₦10 million as compensation to a group of #EndSARS
Nigeria To Benefit From $15 Trillion Global Leisure Travel Boom
Nigeria stands to benefit significantly from a global leisure travel revolution that will see spending triple to $15 trillion by 2040. This was disclosed in a new report by Boston Consulting Group
Enugu Tariff Slash:DisCos Kick, Say Act Inimical To Nigeria’s Electricity Industry Growth
The Association of Nigerian Electricity Distributors (ANED) has cautioned the Enugu State Government over its recent electricity tariff slash in the state. Barrister Sunday Oduntan, MD/CEO of the Association of Nigerian Electricity
NAFDAC Uncovers Large Cache Of Explosive Chemicals In Kano Warehouse
The National Agency for Food and Drug Administration and Control (NAFDAC) has uncovered a large cache of concentrated industrial chemicals in Kano warehouse suspected to be used in the production of explosives
