The Minister of Power, Joseph Tegbe, said a lack of coordination had slowed the delivery of reliable electricity supply to Nigerians. The Minister made this disclosure on Monday at the announcement of the Off-Grid Stakeholder Coordination in Abuja. According to the Minister, who was represented by his Chief of Staff, Adelabu, the fragmentation of the…
The 2027 Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, has said the Obi/Kwankwaso movement will not provide money to party agents for the purpose of inducing voters during the 2027 polls. Obi made this declaration on Monday while fielding questions at a town hall meeting in Sokoto. The former Anambra State governor said the…
Brent crude jumped more than three percent Monday after Donald Trump rejected an Iranian offer of a seven-day truce that Tehran said would see it reopen the Strait of Hormuz. The contract climbed 3.1 percent to $107.51 in afternoon Asian trade, while West Texas Intermediate climbed 2.1 percent to $94.32, putting fresh upward pressure on…
By Rosemary Iwunze The National Pension Commission, PenCom, said it is targeting a total capital commitment of N300 billion to deepen critical infrastructure investment across Nigeria, with actual asset deployments set to commence by the second quarter of 2027. Speaking to the media at the backdrop of the Pension Industry Leaders Council (PILC) meeting in…
By Cynthia Alo & Kafayat Kokumo The Nigerian Export Promotion Council, NEPC, has said that it is targeting between $9 billion and $10 billion in non-oil exports by 2035 from the South-West region through increased agricultural production, value addition and export-oriented industrialisation. Regional Coordinator, Southwest, NEPC, Mr. Benedict Itegbe, disclosed this on Wednesday at the…
By Emma Ujah, Abuja Bureau Chief The Federal Government (FG) has reduced the penalty interest rate for late settlement of tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax liabilities payable in naira will be pegged to the Central Bank of Nigeria’s (CBN) Monetary Policy…
…As petrol imports dips 26% to 14.6m litres By Obas Esiedesa & Ediri Ejoh Crude oil receipts by Nigerian domestic refineries increased by 16.75 percent in August 2026, rising to 683,000 barrels per day (b/d) from 585,000b/d in July, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The…
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