The management of Geometric Power has formally acquired the Aba ring-fenced area from Integrated Electricity Limited, a core investor in Enugu Electricity Distribution Company (EEDC), ending a nine-year legal battle…
Read More Geometric Power takes finally takes over Aba ring-fenced area after protracted legal tussleCategory: Economy
We are spend 90% of revenue to service debts because borrowed funds were mismanaged – Peter Obi
By our reporter| Borrowing for consumption is one of the major contributors to Nigeria’s economic challenges, a former governor of Anambra State, Peter Obi has said. The former vice presidential…
Read More We are spend 90% of revenue to service debts because borrowed funds were mismanaged – Peter ObiNNPC assures on fuel scarcity, says queues to vanish by next week
By our reporter| The Nigerian National Petroleum Company (NNPC) on Wednesday assured that the fuel scarcity in the country will soon be resolved. Group Managing Director (GMD) of the NNPC,…
Read More NNPC assures on fuel scarcity, says queues to vanish by next weekNBS Report: Nigeria’s GDP grew by 3.98% in 2021 Q4
By our reporter| Nigeria’s GDP grew by 3.98% in Q4 2021, sustaining a positive trajectory, the national bureau of statistics said on Thursday in a report. The NBS report further…
Read More NBS Report: Nigeria’s GDP grew by 3.98% in 2021 Q4NNPC orders depots, retail outlets to begin 24-hour operations
By our reporter| The Nigerian National Petroleum Company (NNPC) on Tuesday directed all its depots and outlets to begin 24 hours operations to address the fuel scarcity across the country.…
Read More NNPC orders depots, retail outlets to begin 24-hour operations
