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Business

Nigeria’s New Tax Regime Spares Bank Balances, says CITN

Nigeria’s new tax regime does not tax bank balances, applying only limited stamp duty on transfers while expanding protections for low-income earners, officials say.
News

US Will Require Nigerians to Post Visa Bonds

The US plans to require some Nigerian B1/B2 visa applicants to post bonds of up to $15,000 under new travel restrictions starting 2026.
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...

Latest articles

Business

Nigeria’s New Tax Regime Spares Bank Balances, says CITN

Nigeria’s new tax regime does not tax bank balances, applying only limited stamp duty on transfers while expanding protections for low-income earners, officials say.
News

US Will Require Nigerians to Post Visa Bonds

The US plans to require some Nigerian B1/B2 visa applicants to post bonds of up to $15,000 under new travel restrictions starting 2026.
News

Nigerian Court Grants Malami, Family ₦500 Million Bail

A Nigerian federal court granted Abdulaziz Malami and his family ₦500 million bail each, imposing strict conditions ahead of a February corruption trial.
Business

AA Rano Unveils Nigeria’s First Unmanned Fuel Stations

AA Rano is introducing Nigeria’s first automated fuel stations, enabling 24-hour self-service fueling and digital payments through locally developed technology.

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