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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Court Remands Ex-NRC MD In Prison Over Alleged $385,000, ₦165.4m Fraud
Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, has ordered the remand of a former Managing Director of the Nigerian Railway Corporation (NRC), Fidet Okhiria Edetanle,over an alleged
REA, LOTUS Bank Unlock ₦100Bn To Boost Sustainable Energy Through DARES
The Rural Electrification Agency (REA), has signed a Memorandum of Understanding (MoU) with Lotus Bank in order to eliminate barrier financing barriers for renewable energy developers. The agreement formalizes a partnership to provide
Oyo Assembly Accuses Power Minister Of Gross Incompetence
The Oyo State House of Assembly,has accused Nigeria’s Power Minister,Adebayo Adelabu of gross incompetence. They said his indigeneship of Oyo has no value to the state and made electricity supply to the
Lawmakers Summon REA Boss, Contractors Over Energy Education Project Failures
The House of Representatives Committee on Renewable Energy is intensifying its probe of the Energizing Education Programme (EEP), inviting the Managing Director of the Rural Electrification Agency (REA), Abba Aliyu, to appear before
Power Sector Facing Imminent Collapse Over ₦6.2tn Debt, 7,000MW Unused Capacity-GenCos
Over ₦6.2 trillion in unpaid invoices and the non-recognition of capacity payments are pushing the sector toward collapse,the Association of Power Generation Companies (APGC), has said Its Chief Executive Officer (CEO), Joy
NUPENG Sacks Rivers NLC Chair Over Alleged Misconduct
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has expelled Comrade Alex Agwanwor, Rivers State Chairman of the Nigerian Labour Congress (NLC) over alleged gross misconduct and anti-union activities. The
Absence Of Witness Stalls Saleh Mamman’s N33.8Bn Fraud Trial
The trial of the former Minister of Power, Saleh Mamman before Justice James Omotosho of the Federal High Court, sitting in Maitama, Abuja could not continue on Monday, due to the inability
Nigeria’s Capital Market Secures 33% GDP Share Through N68.83 Trn Expansion
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has said Nigeria’s capital market has recorded a remarkable 125 per cent growth in market capitalisation since April 2024, rising
Nigeria Wins $6.2m Arbitration Case Against European Tech Contractor
Nigeria, through the Bureau of Public Procurement (BPP), has won $6.2m international arbitration case against European Dynamics UK Ltd, an international technology contractor. The company had entered into a dispute with the
Vote-Buying: EFCC Arrests 20 In FCT Area Council Polls, Recovers ₦17m
The Economic and Financial Crimes Commission (EFCC) has arrested 20 individuals across the Federal Capital Territory (FCT) for alleged vote buying, vote selling, and obstruction of electoral officials during Saturday’s Area Council
