Forex Reserves Dip, FG Issues N32bn Debt The country’s foreign exchange reserves stood at $30.25bn by June 28, down by 0.36 per cent from a month...
FG, China to Produce Transformers, Solar Panels The Federal Government has concluded plans to scale up local manufacture of power transformers and solar panels in partnership...
Belo-Osagie Resigns as Etisalat Chairman The Chairman of Etisalat Nigeria, Hakeem Belo-Osagie, has resigned his position from the telecommunications company over the $588.6m debt owed a...
Discos Partner Local Manufacturers to Deploy Electricity Meters Power distribution companies are beginning to increase their partnerships with indigenous manufacturers of electricity meters in order to...
Nigeria Has Potential to Produce 93, 950MW – UN The UN Economic Commission for Africa on Friday urged the Federal Government to explore renewable energy by...
Finance Ministry Releases N420m for Movie Production The Minister of Finance, Mrs. Kemi Adeosun, has approved the release of the sum of N420.2m, being the final...
Power: Abuja Disco Adds 60,000 Meters worth N2.4bn The Abuja Electricity Distribution Company (AEDC) on Friday moved closer to ending its practice of estimated billing to...
Afrexim Signs $1.1bn Loans with Dangote, Elumelu’s Heirs Holdings The African Export Import (AFREXIM) Bank, has signed a memorandum ( MOU)of understanding with both the Dangote...
Airlines Lose N20 Billion Annually to Bird Strikes There are indications that Nigerian airlines might be losing as much as N20 billion to bird strike annually,...
EU Withdraws Financial Support for Nigeria, Says Country Not Poor The European Union (EU) has withdrawn financial support for Nigeria, saying the country has enough resources...