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Nigeria’s external reserves hit 17-year high of $50.12bnPienaar backs Bafana Bafana to stun Mexico 2-0 in World Cup openerCooking gas prices soar to N2,500/kg, threatening Nigeria’s clean energy pushNaira strengthens against dollar as reserves hit $50.12 billionPolice arrest seven bandits over killing of three FRSC officers in KebbiBandits kidnap 50 elders during peace meeting in ZamfaraBanks must cut terror funding, army chief tells financial sectorUniversity of Ibadan graduate credits school daddy for academic turnaroundADC and Aregbesola seek judge’s withdrawal from party chair suitDivock Origi retires from football at 31 after Milan exitNigeria’s external reserves hit 17-year high of $50.12bnPienaar backs Bafana Bafana to stun Mexico 2-0 in World Cup openerCooking gas prices soar to N2,500/kg, threatening Nigeria’s clean energy pushNaira strengthens against dollar as reserves hit $50.12 billionPolice arrest seven bandits over killing of three FRSC officers in KebbiBandits kidnap 50 elders during peace meeting in ZamfaraBanks must cut terror funding, army chief tells financial sectorUniversity of Ibadan graduate credits school daddy for academic turnaroundADC and Aregbesola seek judge’s withdrawal from party chair suitDivock Origi retires from football at 31 after Milan exit

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Nigeria’s Power Grid Collapses for 4th Time in 24 Days, Leaving Millions Without Electricity
Finance Nov 6, 2024

Nigeria’s Power Grid Collapses for 4th Time in 24 Days, Leaving Millions Without Electricity

Efforts to stabilize Nigeria’s national power grid faced another hurdle yesterday, as the grid collapsed for the fourth time in...

Nigerian Government Reduces Electricity Subsidy by 40% in Q2 2024, Says NERC
Finance Oct 12, 2024

Nigerian Government Reduces Electricity Subsidy by 40% in Q2 2024, Says NERC

The Nigerian Electricity Regulatory Commission (NERC) has revealed that the federal government incurred an electricity subsidy of ₦380 billion in...

Electricity Tariff Hike Likely As Discos Apply For Rate Review
Economy Jul 14, 2023

Electricity Tariff Hike Likely As Discos Apply For Rate Review

Nigerians may see an increase in electricity tariff as the federal government disclosed that 11 distribution companies have enrolled for rate review.

SERAP Calls for Reversal of Electricity Tariff Increase, Cites Millions Living in Darkness
Finance Jan 8, 2023

SERAP Calls for Reversal of Electricity Tariff Increase, Cites Millions Living in Darkness

The organization SERAP wrote in a letter dated January 7, 2023 and signed by its deputy director Kolawole Oluwadare that...

Discos Received N210.17bn From Electricity Consumers In Three Months
Economy Sep 23, 2022

Discos Received N210.17bn From Electricity Consumers In Three Months

The Nigerian Electricity Regulatory Commission (NERC) says electricity consumers paid N210.17 billion to Distribution Companies within three months.

FG Takes Over Kaduna, Kano, Port Harcourt, Ibadan Discos
Economy Aug 22, 2022

FG Takes Over Kaduna, Kano, Port Harcourt, Ibadan Discos

The Federal Government has completed the takeover of Kaduna, Kano, Port Harcourt and Ibadan electricity distribution companies.

FG Directs DisCos To Resume Free Distribution Of Meters
Finance Jun 20, 2022

FG Directs DisCos To Resume Free Distribution Of Meters

The Federal Government has directed electricity distribution companies to resume the distribution of meters to consumers for free. Although the...

JUST IN: FG Announces Fresh Electricity Tariff Increase
Economy May 5, 2022

JUST IN: FG Announces Fresh Electricity Tariff Increase

The federal government has approved an increase in the electricity tariff for power distribution companies. The announcement was contained in...

How Nigeria Govt. Borrowed ₦1.3trn In Four Years To Subsidise Power Consumers – World Bank
Economy Jun 17, 2021

How Nigeria Govt. Borrowed ₦1.3trn In Four Years To Subsidise Power Consumers – World Bank

The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received...

JUST IN: Electricity Tariff Increase Takes Effect From September 1
Local News Sep 1, 2020

JUST IN: Electricity Tariff Increase Takes Effect From September 1

The increased electricity tariff will take effect from today September 1, odunews.com reports. The Electricity Regulatory Commission approved the take...

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  • Nigeria’s external reserves hit 17-year high of $50.12bn
  • Pienaar backs Bafana Bafana to stun Mexico 2-0 in World Cup opener
  • Cooking gas prices soar to N2,500/kg, threatening Nigeria’s clean energy push
  • Naira strengthens against dollar as reserves hit $50.12 billion
  • Police arrest seven bandits over killing of three FRSC officers in Kebbi

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