Category: Economy

Power lost N1.578 billion as at January 7, 2017

As at January 7, 2017 the power sector lost an estimated N1.578 billion due to gas and water constraints, daily operational report of the Nigerian Electricity System Operation stated. Babatunde Fashola, minister of Power The report which was seen by Vanguard further stated that power generation dropped by 83 mega watts, MW, yesterday, as average … Continue reading Power lost N1.578 billion as at January 7, 2017

Diezani’s $153m: EFCC drills former NNPC GMDs, EDs

EFCC have questioned two former GMDs and three former EDs of the NNPC over their roles in the transfer of $153m to some banks - Meanwhile, the EFCC has begun the process of seizing a estate in Yenagoa, which was traced to Mrs Alison-Madueke Diezani’s $153m: EFCC drills former NNPC GMDs, EDs Operatives of Nigeria’s … Continue reading Diezani’s $153m: EFCC drills former NNPC GMDs, EDs

Buhari kicks-off N5000 monthly payment to 1 million impoverished Nigerians

One million very poor Nigerians are to get N5000 monthly says the Federal Government (FG) - The FG says the programme has begun in earnest - Funds for the commencement of the payments in four states were released last week The Federal Government (FG) has started disbursing the N5000 stipend which was promised to poor … Continue reading Buhari kicks-off N5000 monthly payment to 1 million impoverished Nigerians