DisCos Face New Sanctions as NERC Drives Compliance Framework The Nigerian Electricity Regulatory Commission has disclosed that there will be new sanctions for Discos that failed to meet up some contractual agreements with customers and regulators. In an Order on Performance Monitoring Framework for all the...

Tinubu Orders Fresh Assessment as FEC Steps Down Old Projects The Federal Executive Council has stepped down memoranda for some major projects requiring additional funding. Most of the projects concerned are under the Federal Ministry of Works, the Minister of Information and National Orientation, Mohammed Idris...

Trading Dips as Investors Lose N2bn Investors at the Nigerian equity market lost N2.18bn On Wednesday as trading Dipped for the third day this week. The All Share Index and the market capitalisation dipped marginally by 0.004 per cent to close at 99,802.08 and N56.46tn, respectively. On...

NNPCL Not Ready to Proceed with $2bn Crude-backed Loan - Kyari The Nigerian National Petroleum Company Limited, on Wednesday, said it would make an formal announcement when ready to take the earlier reported $2bn crude-backed loan. It was reported on Tuesday that NNPC was in talks...

FG, USAID Partner to Invest N115bn in Power Sector The United States Agency for International Development and the Federal Ministry of Power signed a memorandum of understanding to secure Nigeria’s commitment to electricity sector reforms, market transparency, liquidity, and expanding access to affordable power. The MOU...

Food Prices to Crash in January 2025 - FG The Federal Government says strategic measures have been taken to address the high food prices nationwide, projects that prices of the items would crash in the next 180 days (January 2025). It said the measures which include...