Business

AFC, NGX Explore Innovative Financing Mechanisms For Infrastructure Deficit

By Aliyu Galadima With Nigeria’s infrastructure deficit estimated to reach $2.3 trillion to $3 trillion by 2043, there is the need for some innovative financing...

CBN Rules Out New Intervention Schemes, Cites N4.69trn Outstanding

By Charles Ebi Central Bank of Nigeria ,CBN, has said it cannot introduce fresh intervention programmes due to outstanding liabilities of N4.69 trillion from previous...

Tax Reform: Presidential Cttee Seeks 90% Cut In LG Taxes

By Yahaya Umar Presidential Committee on Fiscal Policy & Tax Reforms is seeking a constitutional amendment that will eliminate 90% of taxes currently being collected...

NNPC Spends ₦7.1trn On ‘Energy Security’ Declares ₦5.4trn Profit After Tax

Analysis of the Nigerian National Petroleum Company Limited ,NNPCL, financial statement for the year ended December 2024 has uncovered that the company spent ₦7.1...

PHED Plans 135,000 New Meters, Pledges To Eliminate Estimated Billing

From Our Correspondent in Port Harcourt Port Harcourt Electricity Distribution Company Plc, PHED, has announced plans to install over 135,000 meters across its franchise areas...

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