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Nigeria Lawmakers Approve Revised 2024 and 2025 Budgets

Nigeria’s House of Representatives approved revised 2024 and 2025 budgets, raising spending levels as the government adjusts to revenue limits and execution challenges.
News

Makinde Says He Is Qualified to Lead Nigeria

Oyo Governor Seyi Makinde says his record in governance and business qualifies him for Nigeria’s presidency as 2027 political talks intensify.
News

Nigeria Issues ₦4 Trillion Bond to Clear Power Sector Debt

Nigeria rolls out a ₦4 trillion bond to settle GenCos’ arrears, restore electricity market stability, and revive investor confidence in the power sector
Business

Transcorp Power Reports 38 Percent Revenue Jump

Transcorp Power posts 38 percent revenue growth and 17 percent profit rise, reflecting higher power generation, cost efficiency, and expanding asset base.
News

Grid Collapses Attributed To Vandalism, Maintenance Issues

Vandalism and maintenance problems are to blame for Nigeria’s frequent grid collapses, says Minister of Power Adebayo Adelabu, who has a committee suggesting tweaks.
News

Investigating the recent power outages across Nigeria

Nigeria's power sector faces ongoing outages, infrastructure deficits, and gas supply shortages, hindering economic growth and daily life.
Business

Electricity Tariff Hikes: What Nigerians Are Saying

Tariff hikes deepen frustration as Nigerians face rising energy costs and unreliable service, straining households and businesses alike.
News

Power Outages Halt Businesses Across Northern Nigeria

Frequent power outages have stalled businesses across Northern Nigeria, causing high operational costs and revenue losses as reliance on diesel generators rises.
News

IBEDC Sacks Kingsley Achife as Acting Managing Director, Appoints Francis Agoha

IBEDC appoints Francis Agoha as new Acting Managing Director, replacing Kingsley Achife to drive improvements in electricity distribution and service reliability.
News

FG Commits N130bn to Clear Power Sector Gas Debt

The Nigerian Government announces a N130 billion payment to settle debts with gas suppliers, aiming to enhance stability and reliability in the power sector.
News

Tinubu Overhauls NELMCO Board, Targets Power Sector Reform

President Tinubu reconstitutes NELMCO board, positioning the power sector for transformative reform and improved operational efficiency to benefit Nigeria's electricity supply industry.
Business

Nigeria Launches Five Power Projects, Boosts National Grid Capacity

Minister Adelabu inaugurates five power projects under PPI, partnering with Siemens and Germany, to significantly improve Nigeria's electricity supply.
Society

House Probes N7 Trillion Power Sector Funding Since Privatization

Amid mounting concerns over the utilization of over N7 trillion in financial interventions since...

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News

Nigeria Lawmakers Approve Revised 2024 and 2025 Budgets

Nigeria’s House of Representatives approved revised 2024 and 2025 budgets, raising spending levels as the government adjusts to revenue limits and execution challenges.
News

Makinde Says He Is Qualified to Lead Nigeria

Oyo Governor Seyi Makinde says his record in governance and business qualifies him for Nigeria’s presidency as 2027 political talks intensify.
News

Nigeria Clears China of Role in Illegal Mining Claims

Nigeria’s government says illegal mining in Nigeria is driven by local actors, not China, as authorities outline reforms to tighten oversight and protect mining communities.
News

Nigeria Leads Africa as Instant Payments Near $2 Trillion Milestone

Nigeria’s instant payments platform has set the pace in Africa, as digital transactions across the continent surge toward the $2 trillion mark.

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