Outstanding Bill: DisCos Threaten to Disconnect Customers, Give Deadline The Electricity Distribution Company (AEDC), has threatened to disconnect customers who fail to pay their outstanding bills, latest by June 3, 2024. The threat is contained in a statement issued by the company on Friday. According to the...

Africa Needs $402.2bn Annually for Structural Development – AfDB The President of the African Development Bank (AfDB), Akinwumi Adesina, says Africa needs to close a financing gap of about $402.2 billion annually to fast-track its structural transformation by 2030. Adesina spoke during the presentation of the...

Investment Tribunal Resolves N1tr Capital Market Disputes Since 2003 Nigeria’s Investment and Securities Tribunal (IST), settled capital market disputes valued at N1 trillion since its inception in 2003. The Investment and Securities Tribunal is saddled with the mandate to exclusively resolve disputes arising from transactions in...

NAFDAC Seizes ‘Illegal Drugs’ Worth Over N107m in FCT The National Agency for Food and Drug Administration and Control (NAFDAC) says it has conducted a raid on drug hawkers at motor parks and markets in the federal capital territory (FCT). In a statement on X, the...

Oil Export to Indonesia Hit $3.8bn in 2023 Nigeria exported crude oil and gas valued at over $3.8bn to Indonesia in 2023, the Indonesian Ambassador to Nigeria, Dr Usra Harahap, has said. Harahap disclosed this on Wednesday in Abuja during a courtesy visit to the Permanent...

FG Gets $500m W’Bank Loan to Bolster Electricity Distribution The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public Enterprises announced on Thursday. Power distribution companies in Nigeria have been widely criticised as being the weakest...