Business

FG raises N728.9bn in second bond issuance for power sector debt

By Ediri Ejoh with Agency report The Federal Government (FG) has raised N728.9 billion in bonds as part of its funding process to offset the N4 trillion legacy debt it owed electricity Generation Companies, GENCOs. Speaking at the bond launch in Abuja, TaiwoOyedele, Minister of Finance and Coordinating Minister of the Economy, said the Series-2 […]
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More roadside markets springing up in Aba

From Asa road located at the city centre to Ngwa road, School road, Clifford road, Cameroun road, Ehi road, Ikot Ekpene road at Ogbor Hill, Mosque Street among others within the Aba main motor park and General Post Office areas as well as the Osisioma Ngwa, Ariaria and Alaoji flyover junctions on the Enugu-Port Harcourt Expressway, the story remains the same on how roadside traders have converted major roads to sprawling markets.

The power sector and the incoming Buhari administration

These are solemn times in Nigeria. Nigerians want their national government to succeed but we are uncertain as to whether the government would have the will and the capacity to succeed. Hence, there has been a flurry of suggestions addressed to President-elect Buhari.

Buhari’ll reduce petrol to N40/L —David-West

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

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