Local News
-
2.9KShocking Surge: Electricity Subsidy Jumps 220% to Nearly ₦2tr
The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024, The PUNCH reports. This represents a 219.67...
-
2.5KDiscos’ Revenue Soars 40% Y-o-Y in April as Monthly Billing Hits ₦257.5b
As the federal government continues to signal additional tariff increase for Nigeria’s electricity users, Distribution Companies (Discos) again posted a sharp 40...
-
290Insurance Sector Assets Hit ₦4.2tr –Report
Nigeria’s insurance sector recorded 27.3 per cent growth in total assets year-on-year, to N4.2 trillion in the first quarter of 2025 (Q1...
-
2.6KMuhammadu Buhari, Former President of Nigeria, is Dead
…Mr. Buhari died on Sunday at a London hospital, his spokesperson said. Muhammadu Buhari, Nigeria’s former president and military ruler, is dead....
-
500Audit Report: ₦210tr Unaccounted for, Not Stolen by NNPCL
The Senate Committee on Public Accounts on Thursday said the N210trillion financial infraction it raised against the Nigerian National Petroleum Company Limited...
-
2.6KFG, Partners Unveil $32.8b Electricity Devt Plan
The Federal Government has reiterated its commitment to setting the power sector on the path of sustainability and bankability by prioritising the...
-
2.6KVandalism Threatening Power Supply in Nigeria –TCN
The Transmission Company of Nigeria (TCN) has raised the alarm over the recurring incidents of vandalism and said it is threatening the...
-
2.8K
Distribution Companies’ Revenue Surges to ₦553.6b in Q1 2025
Revenues collected by Nigeria’s electricity Distribution Companies (Discos) rose to N553.63 billion in the first quarter of 2025, new data from the...
-
1.3KSenate Passes Landmark Law Mandating 30% Local Processing of Raw Materials Before Export
In a decisive move aimed at spurring industrialisation and boosting local manufacturing, the Senate has passed a bill requiring that all raw...
-
2.6KNo Grid Collapse Incident in Q1 –NERC
There was no power system collapse nor disturbance in the first quarter of 2025, a major improvement in grid stability, according to...
