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Tag: Energy costs

Energy

NESG warns energy costs could threaten business recovery gains

Nigeria’s business environment recorded stronger expansion in July 2026 despite rising operating costs. However, the Nigerian Economic Summit Group has warned that surging energy prices, limited access to credit and other structural constraints could threaten the sustainability of the recovery. Presenting its August 2026 Business Confidence Monitor, BCM, report, the NESG said: “Nigeria’s business environment […]

New expatriate levy sparks concerns over regional integration
Energy

CPPE demands urgent govt action on soaring energy costs

As Nigerians grapple with soaring energy costs, the Centre for Promotion of Private Enterprises, on Monday, demanded government’s urgent intervention to ease the burden. The Executive Director, CPPE, Dr Muda Yusuf, in a statement, pointed out that the continued pressure on Nigerians and the economy by the United States/ Israel – Iran war demands government […]

An energy bill notification on phone
Business

Uk energy regulator reduces power bill price cap

UkThe Office of Gas and Electricity Markets, a UK energy regulator, on Monday reduced its price cap on energy bills for households starting April. According to Reuters, Ofgem lowered the cap to a yearly cost of 3,280 pounds ($3,925.18) from the current 4,279 pounds for a dual-fuel household, which shows a reduction in the wholesale […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
Energy

Europe’s energy bills hits 800 billion euros

Researchers stated on Monday that the amount spent by  European countries to protect people and businesses from rising energy expenses has risen to about 800 billion euros. Researchers have urged countries to be more strategic in their expenditure to address the energy crisis. The analysis by think-tank Bruegel, showed that European Union  countries have set […]

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