The Nigerian Electricity Regulatory Commission (NERC) has asked electricity distribution companies (DisCos) to replace obsolete meters for their customers free of charge. This was contained in...
The World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project. This was disclosed in the banks’ recently released FY2024 Sanctions System Annual...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has sealed petroleum retail outlets and gas plants over sharp practices in Delta. Their offenses bordered on...
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) over cash hoarding and diversion, stating that such actions will...
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed claims that its Group Chief Executive Officer (GCEO), Mele Kyari, is set to step down. Reacting to...
The Securities and Exchange Commission (SEC) has introduced a proposed penalty of at least N20 million or 10 years imprisonment—or both—for operators of Ponzi schemes as...
The Federal Government has arrested a total of 300 illegal miners across the country in a move to revitalise Nigeria’s mining sector. This was revealed during...
The Federal Executive Council, FEC, on Thursday, approved a proposed national budget of N47.9 trillion for the 2025 fiscal year. Minister of Budget and Economic Planning,...
The Federal Government says it needs $10 billion Public-Private-Partnership investment in the power sector, in the next five to 10 years, to achieve 24-hour. The Minister...
The Nigerian National Petroleum Company Limited, NNPCL, and its partners have increased crude oil and gas production to 1.8 million barrels per day and 7.4 billion...