Abubakar Aliyu, minister of power, says mitigation measures to avoid recurrence of national grid collapse are being implemented. The national power grid had collapsed twice this week. The system collapse occurred when the country was battling scarcity and a hike in fuel prices. In a statement on Saturday, Aliyu disclosed that the recent system […]
Nigeria’s total public debt as at December 31, 2021 stood at N39. 556 trillion ( $95. 770 billion) The Debt Management Office (DMO) provided the data at an interactive session in Abuja, this morning. Detail later:
The Nigerian Electricity Regulatory Commission on Wednesday declared that subsidy on power amounting to about N600bn during some period had now been stopped by the Federal Government. It also revealed that electricity tariffs were raised in February this year, and was quick to, however, state that the tariff payable by some customers in the […]
The Nigerian National Petroleum Company (NNPC) Limited says it will grant a licence to the Airline Operators of Nigeria (AON) to start importing aviation fuel, otherwise known as ATK. Mele Kyari, group managing director, NNPC, disclosed this on Monday at the end of the investigative hearing instituted by the house of representatives. The meeting […]
The National Bureau of Statistics, NBS, says the Consumer Price Index, CPI increased by 15.70% year on Year in the month of February. This is 1.63% lower than 17.33% recorded in the previous month. The Statistician General of the Federation, Dr. Simon Harry disclosed this on Tuesday during the monthly press briefing at the […]
The Minister of Finance, Mrs Zainab Ahmed, has revealed how the Federal Government quietly removed the subsidy on electricity tariff. She said the government had to carefully adjust the prices incrementally at some levels. Speaking on Thursday at a virtual meeting of African Finance Ministers and the International Monetary Fund, Ahmed also said the […]
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “direct the Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), and the appropriate anti-corruption agencies to probe the spending on the country’s four refineries. The organisation also asked the President to probe alleged corruption and mismanagement […]
The Nigeria Governors Forum (NGF) has faulted the zero remittance of the Nigerian National Petroleum Company (NNPC) Limited to the federation account in recent months. Kayode Fayemi, chairman, NGF and Ekiti state governor, said this at the governors’ forum on natural energy, oil and gas at the fifth Nigeria International Energy Summit (NIES) on […]
Governor Douye Diri of Bayelsa State has hailed the infrastructure drive in the Niger Delta and believes the oil-rich region will soon match Dubai’s developmental feat. He said this during the commissioning of the Mgbuoshimini-Nkpor Road in Obio/Akpor Local Government Area of Rivers State. The governor praised his Rivers counterpart, Nyesom Wike, for his […]
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said Nigeria is not properly utilising donor funds to deliver planned projects for sustained growth and national development. She stated this on Tuesday at the retreat for members of the National Assembly organised by the ministry on process optimisation in donor-financed projects […]
