Government intends to impose penalties on underperforming Distribution Companies (Discos) to address outages
Power distribution companies in the Nigeria Electricity Supply Industry that fall below specified standards will face a 50% reduction in their operating expenditures, as...
The FG aims to generate one million housing-related jobs within the next two years
The Federal Government is aiming to generate 1.2 million jobs through the construction of 3,112 housing units under the Renewed Hope Initiative.
The Minister of...
FTN Cocoa did not generate any revenue in the year 2023
FTN Cocoa Processors, one of Nigeria's oldest cocoa companies, faced a financial setback in 2023, reporting zero earnings due to challenges in working capital...
CBN urged by Senate committee to control inflation
The Senate Committee on Banking, Insurance & other Financial Institutions has called upon the Central Bank of Nigeria to address inflation in the country.
The...
CBN will withhold Ways and Means support for the federal government until the outstanding debt is settled, according to Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced that the apex bank will cease providing Ways and Means to the Federal...
