NERC: DisCos Owe N2.75trn in Liabilities, Hold N3.61trn in Assets
The Nigerian Electricity Regulatory Commission (NERC) has revealed that Nigeria’s 11 electricity distribution companies (DisCos) owe a combined N2.75 trillion...
Global Markets Rally on US-EU Trade Deal, S&P 500 Futures Climb
A record-setting rally in US stocks appears poised for further gains as global markets respond positively to a new trade...
IBEDC Warns Against Energy Theft, Outlines Sanctions for Meter Tampering
The Ibadan Electricity Distribution Company (IBEDC) has issued a stern warning to customers against energy theft, including meter tampering, illegal...
NERC Clarifies States’ Limits on Power Regulation, Cautions on Tariff Cuts
The Nigerian Electricity Regulatory Commission (NERC) has clarified that state governments do not have jurisdiction over the national electricity grid...
UK-Nigeria Standards Partnership Phase 3 Unveiled to Boost Nigerian Exports
Nigeria’s export drive received a significant boost on Thursday with the official unveiling of the third phase of the UK-Nigeria...
SEC Declares Nigeria Open for Stablecoin Business, Emphasizes Regulatory Compliance
The Securities and Exchange Commission (SEC) has officially announced that Nigeria is open for stablecoin operations—provided all participants comply with...
AKK Gas Pipeline Project Reaches 86% Completion, NNPC Targets November for Mechanical Delivery
After several postponements, the Nigerian National Petroleum Company Limited (NNPC) has announced that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline...
Niger State Signs $1.2bn Deal with AfricaRice to Become Nigeria’s Rice Powerhouse
In a bold move to position itself as Nigeria’s leading rice-producing hub, the Niger State Government has signed a $1.2...
WFP Halts Emergency Food Aid for 1.3 Million in North-East Nigeria Over Funding Crisis
The United Nations World Food Programme (WFP) has announced the suspension of emergency food and nutrition assistance for 1.3 million...
Court Backs FIRS on VAT Charges for Bolt Rides and Food Services
The Federal High Court in Lagos has upheld the authority of the Federal Inland Revenue Service (FIRS) to charge, collect,...
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