PHED Laments N27.6bn Yearly Unpaid Electricity Bills The Port Harcourt Electricity Distribution Company has lamented that it is losing about N27.6bn every year as unpaid bills...
Power Sector Debts Hit N809bn The indebtedness to Nigeria’s power sector as a whole is worth N809bn, industry operators have revealed. According to the chief executive...
Kaduna to Spend N3.12bn on Power in 2017 The Kaduna State Government has earmarked N3.12bn for various electricity projects in the state in 2017. The projects...
Consortium to Build Refinery in Ogun A Nigerian oil firm, Petrolex Group, on Thursday said it had entered into a consortium with Wema Bank and the...
Firm Invests $300m in Azura Power Project An African-focused principal investment firm, Amaya Capital, has announced the commitment of over $300m in its power generation platform....
Recession to Worsen Nigeria’s Rising Debt Burden Barely two weeks after meeting with top government officials, Fitch Ratings has passed a negative verdict on the economy,...
IMF Affirms Nigeria as Africa’s Biggest Economy Nigeria has been affirmed by the International Monetary Fund (IMF) as the biggest economy in Africa — ahead of...
Nigeria’s GDP May Hit $1.45 Trillion by 2030 Notwithstanding the prevailing economic challenges which the country is undergoing, latest report by PricewaterhouseCoopers (PwC) on the nation’s...
Nigeria Seeks $15bn Upfront Oil Payment From India Nigeria has commenced negotiations with the Indian government for the release of $15bn as upfront payment for crude...
Power Sector Loses N549b Yearly to Gas Constraints Nigeria’s power sector is losing an average of N549 billion yearly to gas supply challenges. The situation has...
