By Emma Ujah, Abuja Bureau Chief The Federal Government has disagreed with the World Bank on the latter’s debt servicing/revenue ratio for the first half of 2026, put at 124 percent. The bank in its recent Nigeria Development Update (NDU) reported that federal government debt servicing was 124 percent above its revenue. However, the Federal…
With the Federal Government’s debts to power generation companies hitting the N6 trillion mark at the end of 2025, the government has gone to the bond market to raise funds to make up for its inability to fund electricity subsidies from the national budget. NERC, in its 2025 industry report, put the Federal Government’s gross…
…says party no better than APC By Luminous Jannamike ABUJA – Senator Rabiu Musa Kwankwaso, vice-presidential candidate of the Nigeria Democratic Congress, NDC, has ruled out withdrawing from the 2027 presidential race in favour of the African Democratic Congress, ADC, declaring that the opposition party offers no better alternative to the ruling All Progressives Congress,…
By Johnbosco Agbakwuru & Adeola Badru ABUJA — THE Presidency yesterday described as false Oyo State governor, Seyi Makinde’s latest claim that the federal government was withholding N250 billion in NLNG dividend windfall for each state of the federation, asking that it be disregarded. Read Also: DisCos’ revenue rises 450% as debt profile hits N700bn…
Supply grows by 4.8% Available plant capacity falls by 41% 13 years of privatisation yield little results FG turns to bonds to tackle N6trn debt Power supply has improved, Power Minister insists Consumers, experts react Revenue collected by Nigeria’s electricity Distribution Companies (DisCos) rose by about 450 per cent in eight years, from N218.16 billion…
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