Nigeria’s power Generation Companies (Gencos) recorded a weak cash recovery in 2025, with only 39.25 per cent of their total invoices settled, as unfunded government subsidies ballooned to N1.85 trillion in one year, weighing heavily on the liquidity of the electricity market. Latest industry data showed that Gencos issued invoices …
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The Executive Chairman of the FIRS, Muhammad Nami has highlighted the need to include all revenue generated at the national and sub-national levels in order to properly determine the accurate computation of Nigeria’s tax-to-GDP ratio. He stated this in his welcome remarks at the “National Symposium On Taxation And Challenges …
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A housemaid was killed by her employers in Pakistan’s Punjab province after being set on fire for failing to repay a debt, police said Wednesday. The incident occurred on Sunday in Nankana Sahib district about 60 miles (95 kilometers) from the eastern city of Lahore. “Fouzia Bibi, the victim, and …
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Economic and financial experts have raised the alarm over the nation’s rising debt burden, calling on the Federal Government to spend more on capital expenditure and exercise care in its quest for more borrowing. The experts, who spoke in separate interviews with our correspondents on Tuesday, reacted to the …
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Governor Ayodele Fayose of Ekiti State has written the Chinese government, seeking the stoppage of the $2 billion loan being sought by the Federal Government, saying that “the government of China should be mindful of the fact that Nigerians, irrespective of their political and religious affiliations are totally opposed to …
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THE Asset Management Corporation of Nigeria, AMCON, Wednesday admitted before an investigative panel of the House of Representatives that its current liabilities stand at N6.6 trillion following purchase of bad loans worth N3.3 trillion at the sum of N1.7 trillion. This was disclosed by the Managing Director of AMCON, Ahmed …
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