NERC Fines AEDC N1.69bn for Overbilling Customers The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N1.69bn on Abuja Electricity Distribution Company (AEDC) for overbilling customers. According to NERC, the fine is based on AEDC’s non-compliance with the commission’s previous order on capping estimated...

FG, World Bank Collaborate on Power Sector Reforms The Federal Government and the World Bank have expressed their commitment to providing electricity access to 300 million people across Africa by 2030. This was as they promised to implement critical reforms to boost productivity in the Nigerian...

Marketers, Refiners Demand Full Deregulation of Downstream Oil Sector Petroleum marketers, refiners, and depot owners in Nigeria have called for the full deregulation of the downstream oil sector, seeking to end government price controls due to subsidies. The Major Energies Marketers Association of Nigeria, in collaboration...

Nigeria, UK Sign N589bn Deal to Boost Eight Sectors Critical sectors of the Nigerian economy are set to receive monetary boosts worth N589bn (£272.6m) following the conclusion of eight partnership agreements signed between the Federal Government and the United Kingdom. This was disclosed in a statement...

FG Unveils Strategy to Generate $100bn from Creative Economy The Federal Government has unveiled details of its strategic plans to generate at least $100bn and create over two million jobs from Nigeria’s creative economy yearly. The Minister of Art, Culture and the Creative Economy, Hannatu Musawa,...

Brief Academy, Co-Dev Hub Presents Impacts Venture Series to Promote CSR Culture Brief Academy and Co-Development presents Impact Venture Series, a programme designed to reform the startup ecosystem in Nigeria by fostering a culture of Corporate Social Responsibility (CSR) among entrepreneurs and business owners especially...