FG may extend 2021 budget implementation to next year





The Federal Government may extend the implementation of capital projects components in the 2021 Appropriation Act till next year following the inability of many ministries and agencies to conclude their procurement process until the last quarter of this year. Many heads of the MDAs who appeared before the various Senate standing committees for their 2021 budget performances….





Foreign investors raise Nigerian investments by 74%



Foreign portfolio investors have increased their participation in the Nigerian stock market by almost three-quarters as steady corporate earnings and improving foreign exchange (forex) Liquidity continued to sustain rally by Nigerian equities…..









FG’s deficit spending rises 51% to N5trn





The deficit spending of the Federal Government, FG, rose by 51 per cent, year-on-year, YoY, to N5.1 trillion in seven months to July 2021, driven by rising non-discretionary spending on security and COVID-19 mitigation measures….





Power generation falls by 849.2MW, Gencos blame consumers





Latest data obtained from the Nigeria power grid shows that electricity generation on the national grid plunged by 849.2 megawatts, as power producers blamed this on the poor utilisation of energy by the system. A study of the country’s grid performance as posted on Sunday showed that a peak power generation of 4,898MW was recorded on November 26, 2021, but this dropped to 4,048.8MW on November 27…..