FG blames Discos for incessant grid collapse
The Federal Government, through the National Orientation Agency, has blamed the frequent collapse of Nigeria’s national grid—resulting in widespread blackouts—on the inability of electricity distribution companies to absorb the power…
FG secures over $1bn in oil, gas investments
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen said that Nigeria has attracted over $1 billion in investments across various segments of the oil and gas sector.…
Again, Discos raise meter prices
Electricity Distribution Companies in Nigeria have announced a second price increase in four months for various electricity meter models. Starting from November 5, 2024, the cost of a single-phase meter…
Moniepoint appoints Bayo Olujobi as CFO
Moniepoint Microfinance Bank has announced the appointment of Bayo Olujobi as its new Chief Financial Officer reinforcing the bank's commitment to advancing financial inclusion. Olujobi, who joins Moniepoint from Stanbic…
Deregulation shouldn’t be licence for substandard products- Dangote refinery
Dangote Refinery and Petrochemicals on Tuesday issued a strong statement to Pinnacle Oil and Gas Limited, asserting that deregulation should not be used as a justification for importing off-spec petroleum…
US poll: Dollar soars, bitcoin hits record high as traders bet on Trump
The dollar surged and bitcoin hit a record high Wednesday as traders bet on a victory for Donald Trump as he picked up key swing states needed to take the…
MDAs risk sanctions over N39tn liability gap
The Federal Government has issued a warning to Ministries, Departments, and Agencies over non-compliance with asset documentation standards, announcing plans to address Nigeria’s N39 trillion negative net asset balance through…
Conoil drives market recovery as investors gain N131bn
The Nigerian Exchange Limited reversed its six-day losing streak on Tuesday, with investors gaining N131 billion, fueled by notable share price increases in Conoil and JohnHolt. Both stocks rose by…
FG seeks increased investment in agricultural sector
The Federal Government on Tuesday called on both local and international stakeholders to capitalize on the increasing interest in Nigeria's agricultural sector by investing in large-scale mechanized farming. The Minister…
FG urged to shelve tax reform bills
A tax expert and the Chief Executive Officer of AOC-Adebisi Oderinde & Co, Adebisi Oderinde, has urged President Bola Tinubu to reconsider the proposed tax reforms in Nigeria. "My advice…
NNPC harps on collaboration to achieve net-zero emissions
The Nigerian National Petroleum Company Limited has emphasized the need for greater collaboration and transparency in global efforts to decarbonize the energy sector, with a focus on phasing out carbon…
Prioritise consumers’ rights in metering, FCCPC tells Discos
The Executive Vice Chairman and Chief Executive Officer of the Federal Competition and Consumer Protection Commission, Mr. Tunji Bello, has urged Nigeria's Electricity Distribution Companies to prioritize consumer rights in…
