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Reps threaten to 'withhold' 2021 budget allocation to NBET

Nigeria, Feb. 24 -- Members of the House of Representatives committee on power have threatened not to approve appropriation in the 2021 Federal Budget for the Nigerian Bulk Electricity Trader (NBET) "... Read More


INTERVIEW: Why we're yet to pay for ALSCON years after Supreme Court order - BFIG

Nigeria, Feb. 24 -- BFIG President, Reuben Jaja, is very bitter. After being declared the winner of the bid for the Aluminium Smelter Company of Nigeria (ALSCON) in 2004, he spent another eight years ... Read More


New Electricity Tariff: GenCos demand funding plan for N1.7trn shortfall

Nigeria, Feb. 24 -- The Nigerian government has no feasible plan on how to fund the N1.7 trillion shortfall in cost consequent upon the adjustment in electricity tariffs announced by the Nigerian Elec... Read More


Why some Nigerian banks fail - NDIC

Nigeria, Feb. 23 -- Some deposit money banks (DMBs) failed in Nigeria as a result of massive insider abuses by their owners and officials, the Nigerian Deposit Insurance Corporation (NDIC) has said. ... Read More


Investments in Nigeria reduced by 204% in 2019 - NIPC

Nigeria, Feb. 23 -- The total value of investments in Nigeria reduced by about 204 per cent in 2019 compared to 2018, the Nigeria Investment Promotion Commission (NIPC) has said. The commission said ... Read More


DMO: Nigeria's February FGN bond auction 'oversubscribed by over 284%'

Nigeria, Feb. 19 -- The Debt Management Office (DMO) on Wednesday said its auction of the February 2020 FGN Bond was significantly over-subscribed by about 284.43 per cent. The debt management agency... Read More


CBN seeks partnership with FCDA, states for dairy production

Nigeria, Feb. 17 -- The Central Bank of Nigeria (CBN) on Monday sought the partnership of the Federal Capital Development Administration (FCDA) and the various state governments to end the importation... Read More


INTERVIEW: Our agenda for Nigeria in energy, transport, agric sectors - U.S. Ambassador

Nigeria, Feb. 17 -- At the just-concluded Nigerian International Petroleum Summit (NIPS) in Abuja last week, the Director, United States Trade and Development Agency (USTDA), Thomas Hardy, signed an a... Read More


Japan confers one of its highest honours on Udoma

Nigeria, Feb. 11 -- The Japanese government has conferred one of its highest national honours, the "Order of the Rising Sun, Gold and Silver Star" on the former Minister of Budget and National Plannin... Read More


Economic Council to brief Buhari every six weeks

Nigeria, Feb. 9 -- The new Economic Advisory Council (EAC) will henceforth brief President Muhammadu Buhari at least once in six weeks, rather than quarterly, the presidency has announced. Presidenti... Read More