Economy

APRA Reacts to Nigerian President on CFTA Treaty and Ghana Secretariat The African Public Relations Association (APRA) has commended President of the Federal Republic of...

Isiaka Abdulrazaq CFO NNPC Gets Standing Ovation on Retirement For his exemplary leadership and promotion of transparency and accountability as the Chief Finance Officer(CFO) of...

NIPOST provides 1,800 Post Offices as Fidelity Bank takes financial services to grassroots The Nigerian Postal Service (NIPOST), has offered to give out 1,800 of...

Baru Lists Achievements as NNPC GMD …Says Engineering “Prepared Me for Life and Living” The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr....

KEDCO Seeks Media Collaboration on Service Delivery Kano Electricity Distribution Company (KEDCO) had on Thursday solicited the support of the media to achieve its vision...

FAAC Shares N679bn to FG, States and LGs in June 2019 A total of N679.699 billion has been distributed as Federal Allocation for the month...

Nigeria’s power sector is in transition from a vertically integrated government owned statutory monopoly to an industry in which private and publicly owned companies interact through contracts under the regulation of the Nigerian Electricity Regulatory Commission (NERC). Since 2013 the generation companies who produce the electricity we all consume and the distribution companies who deliver it to our homes, industries and businesses, are now been mainly privately owned companies. TCN, which transmits the electricity from the generation companies to the distribution companies for onward delivery and sale to customers, is currently owned by Federal Government of Nigeria (FGN). In this role TCN operates two important licenses issued by NERC. As the Transmission Services Provider (TSP), TCN owns and operates the 132KV and 330KV high tension transmission lines and the 330/132/33KV substations that make up Nigeria’s national grid. As the Independent Systems Operator (ISO), TCN monitors and controls the national grid and when and how the power stations, which are owned by different companies, can supply electricity for delivery to distribution companies in the safe and orderly way. TCN charges the distribution companies for these services.

FAAC Shares N821bn to FG, States, LGs in July 2018 The Federation Accounts and Allocation Committee (FAAC) at its meeting shared the total sum of...

The Accountant General of the Federation, Mr Ahmed Idris has urged the Support Staff and other GIFMIS Functionalities in various MDAs to bring their report on challenges and comments on the full GIFMIS System Implementation on their daily duties to enable informed support and progress.

EFCC Supports AMCON on Asset Recovery The Economic and Financial Crimes Commission EFCC on Thursday, August 3, 2017 pledged its support to Asset Management Corporation...

FAAC Shares N616bn in May 2019 A total of N616.198 billion has been distributed as Federal Allocation for the month of April, 2019 by the...

The Federal government of Nigeria has called on all the Professional Accountants in Nigeria to be prudent, transparent and accountable in managing public resources...

N20bn Daily Loss: Dangote Assures on Timely Completion of Apapa Road President of Dangote Group, Aliko Dangote has assured that the Apapa Port Wharf concrete...

CISLAC lauds renovation of the Healthcare centre in Kano The Civil Society Legislative Advocacy Centre (CISLAC) commends the on-going effort by the Kano State Government...

According to him, with the Personnel Data Capturing, it is expected that information generated will serve as a guide in all issues relating to Nominal Roll, Postings, Promotion, Retirement in enhancing the operation of the Pool Staff in OAGF, he also promised to support the Committee in actualizing their objectives in Treasury House for the benefit of the Office.

NEITI: Nigeria’s Oil Revenues Plunged by 55% to $24.8b in 2015 • NEITI tasks government on oil metering and recovery of $3.7billion outstanding revenues •...

Due Process: Between Security Votes and Oil Contracts By Yushau A. Shuaib Successive administrations in Nigeria, including the current one claim to promote transparency and accountability...

In furtherance of the resolution adopted at the National Hajj and Umrah Conference last week, the Ulama Council of Nigeria has urged intending pilgrims...

FG has decided to channel about 80 percent of 247 billion Naira so far released for capital projects in the 2016 budget to construction industry as the sector enhances job creation and the reflation of the economy.

The primary objective of government’s fiscal stimulus plan is not to sell off all major critical national assets but to source immediate funds to...