Economy

Minister of Power Decries Revenue Loss from Attacks on Electricity Facilities

The Minister of Power, Adebayo Adelabu, has expressed concern over the significant revenue lost due to frequent attacks on electricity facilities by vandals. These...

CBN Discloses DISCOs’ N273.34 Billion Credit Facility for Meter Purchase

The Central Bank of Nigeria (CBN) has revealed that the 11 Electricity Distribution Companies (DISCOs) obtained a credit facility totaling N273.34 billion to purchase...

Nigerians Spend N1.39trn on Imports of Previously Restricted Items in Q4 2023

  In the fourth quarter of 2023, Nigerians expended N1.39 trillion on the importation of seven out of the 43 items formerly restricted by the...

FG Clarifies Non-Binding Nature of MoU with UK Firm for Port Harcourt-Abuja rail dev’t

  The Federal Government has clarified that the recently signed Memorandum of Understanding (MoU) with a UK firm, Messrs. MPH Rail Development (UK) Limited, for...

LASG and FHA Join Forces to Provide Affordable Housing Solutions for Nigerians

The Lagos State Government (LASG) and the Federal Housing Authority (FHA) have pledged to collaborate in delivering affordable housing options for residents of Lagos...

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