Nigeria Cannot Sustain Electricity Subsidy, Says Power Minister
The Minister of Power, Adebayo Adelabu, declared on Wednesday that Nigeria's current electricity subsidy model is ...
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Tag: debt
Africa Faces Economic Turmoil in 2024 as Crude Oil Production Set to Plummet, AEC Report Warns
In a grim outlook for Africa's economic landscape in 2024, the African Energy Chamber (AEC) has ...
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Kano State Government Claims Ex-Governor Abdullahi Ganduje Left N500 Billion Debt
The Deputy Governor of Kano State, Abdussalam Gwarzo, has asserted that the former governor of the ...
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Nigeria Seeks Additional $400 Million World Bank Loan for Cash Transfer
The Federal Government has reportedly approached the World Bank for an additional loan of $400 million ...
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Nigeria Engages World Bank for Fresh $1.5 Billion Loan, Totaling $1.95 Billion in 2023
The Federal Government of Nigeria is in discussions with the World Bank for a fresh $1.5 ...
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Inexperienced Boy Bought Private Jet Under Buhari – Emir Sanusi
**Date:** September 4, 2023 *Abuja, Nigeria*: Former Emir of Kano, Muhammadu Sanusi II, has criticized the ...
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PDP Claims to Have Left Over $550 Billion Economy to APC Government in 2015
The Peoples Democratic Party (PDP) has marked its 25th anniversary by claiming that it left an ...
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NERC Reports $16.11 Million Unpaid Electricity Debt from International Customers in Q1 2023
The Nigerian Electricity Regulatory Commission (NERC) has revealed that three international customers failed to remit a ...
Read moreNigeria’s Neighboring Countries Owe $18.29 Million for Electricity Consumed in 2022
Nigeria's international electricity customers - Togo, Benin, and Niger - have accumulated a debt of $18.29 ...
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Ecobank Urges First Bank to Reject Acquisition by Oba Otudeko Due to Outstanding Debt
Ecobank has called on First Bank Holdings to reject the acquisition of 4.7 billion shares by ...
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