The Nigerian Electricity Regulatory Commission (NERC) has clarified that not all electricity meters currently being deployed nationwide are free, amid growing confusion over the Federal Government’s metering programmes and recent warnings against illegal charges by electricity distribution companies (DisCos).Speaking on Saturday during a radio interview on Fresh FM with Adeola Samuel-Ilori, NERC Chairman, Musiliu Oseni,…
The Federal Government has decided that state governments must now help pay for electricity subsidies in Nigeria. Electricity subsidy means the government pays part of the electricity bill so people don’t pay too much money for power. President Bola Tinubu said the Federal Government cannot keep paying this money alone. He wants states to help…
Abuja — President Bola Tinubu has directed state governments to begin sharing the cost of electricity subsidy with the Federal Government, marking a major fiscal shift in the management of Nigeria’s power sector. Funding for the subsidy will now be drawn from the Power Assistance Consumers Fund (PCAF), a government-backed pool designed to support low-income…
A massive bank from the United Arab Emirates (UAE) called First Abu Dhabi Bank (FAB) is officially coming to Lagos. This is a big win for Nigeria because FAB is one of the wealthiest banks in the world. The news was announced on Monday at a big meeting in Lagos called Investopia Africa. A top…
First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates, has officially confirmed plans to open a representative office in Lagos. This move is a major part of the bank’s strategy to expand its footprint across Sub-Saharan Africa. The announcement was made on Monday during the inaugural Investopia Africa summit held in…
Senator Ndume urges Nigerian military to intensify operations as Boko Haram and ISWAP attacks kill soldiers and civilians in Borno.
Ganduje says Northern voters will back Tinubu in 2027 as APC warns Christian-Christian ticket may alienate Muslims.
Femi Kuti says Fela’s Grammy Lifetime Achievement Award recognises his fearless fight against dictatorship and injustice.
Tennis legend Serena Williams says a GLP-1 weight-loss medication has improved her health beyond what she experienced during her professional career, crediting the drug with helping her feel stronger and more energetic post-retirement. Williams Highlights Health Gains In recent comments about her wellness journey, Williams revealed that the GLP-1 treatment—commonly prescribed for weight management and…
NRS chairman says Nigeria lacks framework to tax informal sector, explains VAT reforms and business-friendly tax policy.
