Local News
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298Court Asks IKEDC, NERC to Reverse Tariff Hike
The Federal High Court sitting in Lagos has restrained Ikeja Electric Plc and the Nigerian Electricity Regulatory Commission from applying, administering and/or...
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419Nigeria’s Terms of Trade falls 0.12%
All commodity terms of trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the value...
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670Senate writes AGF, meets Cardoso over ₦30tr Loan Probe
The Senate through its Ad – hoc Committee investigating how N30 trillion Ways and Means facility was obtained and spent by the...
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438NNPC Shifts $700m Gas Pipeline Delivery Date to August
The completion date for the $700m Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from March 2024 to August, as...
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1.2KNigeria’s Public Debt Hits ₦121.7tr
Nigeria’s Total Public Debt stood at N121.67 trillion ($91.46 billion) at the end of March this year. The Debt Management Office (DMO)...
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679FG Eyes $4.4b New Loans as Debt Hits ₦101tr
The Federal Government has borrowed a total of $4.95bn in loans from the World Bank in the past 12 months, pushing the...
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1.2KRevenue-Generating Agencies Owe FG Over ₦3tr –FAAC
The Federal Government could face a potential loss of N2.97tn and $36.33m if revenue-generating agencies in the country do not reconcile unremitted...
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688FG Awards ₦14B Shoreline Protection Contract for Outer Mariner
The Federal Government has awarded a contract worth about N14 billion to a construction company, Buildwell, for the reconstruction of the outer...
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607MAN: Capacity Utilisation, Production Sales, Investment Suffered Decline in Q1’24
A survey conducted by the Manufacturers Association of Nigeria (MAN) has revealed worsening impacts of the macroeconomic environment on the manufacturing sector....
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494FG Eyes $500m World Bank Loan for Rural Roads
The Federal Government is seeking a $500m loan from the World Bank to enhance rural road infrastructure and agricultural marketing across the...
