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The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation level increases budgetary pressures...
The Federal Ministry of Transportation has intensified efforts to ensure that the standard gauge rail line at Apapa port becomes operational by July 2022 for cargo evacuation to reduce congestion...
Nigeria’s debt servicing bill has increased by 109 per cent to N896.56bn, findings by The PUNCH have shown. As a result, the country has also spent N3.83tn on debt servicing...
The Eko Electricity Distribution Company (EKEDC) has linked the frequent power outages experienced recently to inadequate gas supply, low power generation, system collapse, and vandalism. Managing Director and Chief Executive...
The World Bank has said the Central Bank of Nigeria’s development finance intervention is fuelling inflation in the short term and weakening the ability of the apex bank to control...
The Federal Government has called for a unified tax regime for Nigeria’s transportation system. Multiple taxations have been described as inimical to business development and sustainability. Besides, the government said...
Only five states are paying pensions under the Contributory Pension Scheme as more workers retired by the end of the first quarter of 2022, findings have revealed. This development has...
The Nigerian Content Development and Monitoring Board (NCDMB) has called for an active inclusion of women in the administration of various trusts and funds contained in the Petroleum Industry Act...
As Nigeria gears up for the upcoming 2023 elections, there are fears that many public officers may be distracted by electioneering activities to the detriment of project implementation and economic...
The first six months of 2022 have proved disastrous for most markets. The technology sector and cryptocurrency saw a huge selloff. The only sectors that continue to thrive are oil...
198 Nigeria News will provide the latest news update as the government facing a growing challenging in preventing Africa's most populous country from breaking apart along ethnic and religious lines.
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