Nigeria Secures Five Upgrades, Set to Exit FATF’s Grey List Nigeria has made significant strides in its fight against money laundering and terrorism financing by securing upgrades on five recommendations set forth by the Financial Action Task Force (FATF). This development moves the nation closer to...

53.6% of Nigerian Households have Access to Electricity – NBS Just over half of Nigerian households, 53.6 per cent, have access to electricity, according to the General Household Survey Panel (Wave 5) launched by the National Bureau of Statistics (NBS) in collaboration with the World...

FG Plans Rehabilitation of 5,120km Crude Oil Pipelines The Federal Government, through the Nigerian National Petroleum Company Limited, has commenced a process to comprehensively rehabilitate 5,120km of pipelines transporting crude oil and other petroleum products. These pipelines, which are crucial for the transportation of crude oil...

Grid Collapse: NEC Establishes Committee for States' Participation in Electricity Reforms The National Economic Council (NEC) on Thursday resolved that Nigeria needs a reformed and diversified electricity system, in addition to the existing national grid. It also said empowering states with their electricity systems would enhance...

Nigeria Receives $500m W’Bank Loan to Boost Power Sector The Federal Government says it has received a $500m credit from the World Bank to boost the financial and technical capacities of electricity distribution companies. The Transmission Company of Nigeria said in a public notice on Thursday...

FAAC Shares N1.411tr to FG, States, LGAs for October The Federation Account Allocation Committee (FAAC) has distributed N1.411 trillion among the three tiers of government for October 2024. This was disclosed during the committee’s November meeting held in Bauchi, chaired by the Accountant General of the...