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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Renaissance Energy Acquires SPDC
Renaissance Africa Energy has completed the acquisition of the entire equity holding in Shell Petroleum Development Company of Nigeria (SPDC). Renaissance Africa Energy Holdings comprises four successful Nigerian independent oil and gas
Grid Collapse:TCN Inaugurates Committee To Develop Advanced Network Monitoring System
The Transmission Company of Nigeria (TCN) has inaugurated a Network Monitoring System Development Committee in order to bolster grid stability and reduce power system disturbances. Ndidi Mbah, the General Manager, Public Affairs
PenCom Fastracks Benefit Payments To Retirees
The National Pension Commission (PenCom) has introduced policy initiative aimed at expediting the payment of benefits to Retirement Savings Account (RSA) holders. This is conveyed in the Circular on Approval of Benefits
Don’t Use Lagos-Calabar Coastal Road, FG Tells Obasanjo
Minister of Works, David Umahi has told a former President of the federation, Chief Olusegun and other critics not to ply the Lagos-Calabar coastal road when it’s completed. Obasanjo had in chapter
Vandals Throw Balyesa, Rivers Into Darkness
The Transmission Company of Nigeria,TCN,has announced vandals’ destruction of several transmission towers along the Owerri -Ahoada 132kv ,causing severe power outage in Balyesa and parts of Rivers State. The incident which happened
NSIA, SEforALL, Africa50 Launch US$500m DRE Nigeria Fund
The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA) and Africa50 has announced an innovative partnership for a US$500 million DRE Nigeria Fund to develop
Court Orders Arrest Of VeryDarkMan Over Alleged Defamation
The Chief Magistrate Court, Wuse Zone 6, Abuja, has issued a bench warrant for the arrest of blogger Martins Vincent Otse, popularly known as VeryDarkMan (VDM), for “criminal defamation” of the reputation
Access Bank Champions Robust Alliances To Drive Intra-Africa Trade
Access Bank Plc, Wednesday, convened leading policymakers, business executives, and industry stakeholders in Cape Town for the maiden Africa Trade Conference, a platform dedicated to unlocking the continent’s vast trade potential. The
NNPC Woos More Investors
The Nigerian National Petroleum Company Limited (NNPC Ltd) has implored global investors to direct their attention to the Nigerian oil and gas sector. It attributed the development to the fact that Nigeria
EFCC Gets Nod To Probe Peter Odili
The Supreme Court of Nigeria has dismissed appeals filed by the Attorney General of Rivers State and the Speaker of the State’s House of Assembly against the leave granted the Economic and
