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Piracy On Nigerian Waters Falls By 77%
The Nigerian Maritime Administration and Safety Agency has said the country has witnessed its lowest level of piracy since 1994, with piracy dropping by 77 percent. NIMASA disclosed this in a statement saying the decline was reported by the International Maritime Bureau. “The trend of reduction in piracy and armed robbery in Nigerian waters has…
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Gencos Lose N1.66tn In Seven Years
Nigeria’s power generation companies have suffered a loss of N1.66 trillion in seven years as a result of non-payment for deemed capacity. The Executive Secretary, Association of Power Generation Companies, the umbrella body for the Gencos, Dr Joy Ogaji, disclosed this at a stakeholders’ meeting on the Regulators Monitoring Programme on electricity organised by the…