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
Suggestions
FG Issues N729bn Bond, Pays N333bn To GenCos To Settle Power Debts
The Federal Government has paid about N333 billion to eight electricity generation companies in the country. It has also launched a new N729 billion bond to clear more debts in the power
Tegbe Ends Power Sector Dispute, Unlocks 1.55 Million Smart Meters
The Minister of Power, Chief Joseph Tegbe, has resolved a dispute that stalled the rollout of 1.55 million smart meters nationwide. He convened a high-level meeting with the Association of Meter Manufacturers
ECOWAS Inks Agreement To Push $30bn Africa Gas Pipeline Project
Leaders of the Economic Community of West African Stated have signed a deal to fast-track the $30 billion Africa Atlantic Gas Pipeline (AAGP) Project. Signed at the ECOWAS Summit in Freetown, the
FCTA Threatens To Sue AEDC Over Defamatory Claims
The Federal Capital Territory Administration, FCTA, has threatened to sue the Abuja Electricity Distribution Company, AEDC, over what it called defamatory claims. In a statement by Acting Director, Department of Development Control,
REA Commences Work On 1.5MW Mini-Grid In Plateau
The Rural Electrification Agency, REA, Tuesday performed the groundbreaking for a 1.5MW Interconnected Mini-Grid project in Pankshin, Plateau State. The project is billed to boost electricity access in the area. The development
CBN Justifies FX Reforms, Pushes For Competitive Naira
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Tuesday defended the apex bank’s foreign exchange reforms, saying Nigeria now operates a transparent and functional foreign exchange market. He said
FG, States Plan Joint Power Sector Control
The Federal Government and National Assembly have reaffirmed their commitment to support complementary roles for federal and state electricity regulators as Nigeria moves toward a multi-tier power market. They said this at
NUPRC To Bid Winners: Pay In 90 Days Or Lose Oil Blocks
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has given winners of Nigeria’s 2025 Licensing Round 90 days to meet all post-award conditions or risk losing their acreage. NUPRC Chief Executive, Oritsemeyiwa Eyesan,
Fayose, Ilyasu, Ahmadu Fit For REA Board Roles — Aliyu
The Managing Director of the Rural Electrification Agency, Dr. Abba Aliyu, has described the appointment of former Ekiti Governor Ayo Fayose, Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta to the REA
143 Firms Battle For 50 Oil Blocks At 2025 Bid Conference
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, will on July 21, 2026 host 143 qualified companies for the commercial bidding of 50 oil and gas blocks.* Of 286 companies that applied, 196
