Electricity Supply: FG Pays N205bn from N1.3tn Owed Power Generation Companies Says rainfall not responsible for improvement in power supply Lawmakers plan stiffer penalties for electricity asset vandals
Emmanuel Addeh in Abuja
The federal government yesterday
said it had offset N205 billion from the N1.3 trillion debt owed Generation Companies (Gencos) to raise the level
of liquidity in the power sector. The government also stated that the noticeable improvement
in electricity supply in parts of the country was not an accident, but due to recent efforts of the Bola Tinubu
administration. Speaking in Abuja, during an oversight visit by the House of
Representatives Committee on Continued on page 12
Afreximbank Achieves Solid First Half 2024 Growth Amid Macro-economic Headwinds... Page 12 Tuesday 20 August, 2024 Vol 29. No 10723. Price: N400
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Police Invite NLC President for Questioning over Terrorism Financing, Treason, Others Warn failure to honour letter will lead to activation of warrant of arrest
Onyebuchi Ezigbo and Linus Aleke in Abuja
The Nigerian Police, yesterday, invited the President of Nigerian Labour Congress (NLC), Comrade
Joe Ajaero, for questioning over alleged criminal conspiracy, terrorism financing, treasonable felony,
subversion and cybercrime in which he was mentioned. The letter dated August 19,2024
stated: “This office is investigating a case of criminal conspiracy, terrorism financing and treasonable felony,
subversion and cybercrime in which Continued on page 12
NNPC Announces N3.3tn Net Profit in 2023 Audited Financial Statement
Discloses 67,000bpd pledged for $1bn loan on PH refinery No subsidies paid to any marketers in 9 years, NNPCL CFO Says firm handling shortfalls, not paying subsidy Underpayments on petrol projected to hit N6.8tn by December Company to begin sale of crude in naira to Dangote in October Atiku: alleged payment of oil subsidy another chapter of opaque governance under Tinubu Story on page 12
We made profit...
L-R: Permanent Secretary, Ministry of Petroleum Resources, Ambassador Nicholas Agbo Ella; Chairman, NNPC Ltd Board, Chief Pius Akinyelure and the CFO NNPC Ltd, Mr. Umar Ajiya, during the Release of NNPC Ltd’s 2023 Audited Financial Statement (AFS) at the NNPC Towers in Abuja... yesterday.