30 results
- 3 Feb 2026
FG Mandates Shared Funding for N1.98trn Electricity Subsidy
Federal Government has directed state governments to begin sharing the cost of electricity subsidy alongside the Federal Government. It was gathered that payments for the subsidy will now be funded…
- 29 Aug 2024
FG Okays 50% Electricity Subsidy for Public Hospitals
Federal Government has approved a 50% electricity subsidy for public hospitals across the country. The Minister of State for Health and Social Welfare, Tunji Alausa, announced this on Thursday at the…
- 29 Nov 2024
Electricity Subsidy Soars to ₦2.4 Trillion Despite Tariff Reforms
Federal Government’s electricity subsidy has surged by 269%, rising from ₦650 billion in 2023 to an estimated ₦2.4 trillion in 2024. This increase comes despite the implementation of the Band A…
- 5 Aug 2026
ITUC-Africa Faults FG’s Plans to Remove Electricity Subsidy
International Trade Union Confederation, (ITUC-Africa), representing trade unions from countries in Africa, has called on Nigeria and other African governments to ensure that industrialisation…
- 15 Jan 2024
Electricity Subsidy Gulped N700bn in 2023 - Adelabu
Adebayo Adelabu, Minister of Power says the Federal government has so far spent N700 billion to subsidize electricity. According to Adelabu, the Federal Government still subsidises electricity…
- 31 Jul 2026
FG to Phase out Power Subsidies from 2027, Rules out Immediate Tariff Hike
Federal Government says it will begin the gradual phase-out of electricity subsidies from 2027 as part of ongoing reforms aimed at improving the sustainability of Nigeria's power sector. The Minister…
- 25 Jun 2019
Nigeria Heading Towards Bankruptcy, Says Sanusi
Muhammad Sanusi, emir of Kano, has said that Nigeria is on the threshold of bankruptcy following unfavorable economic policies. Speaking at a workshop the office of the accountant-general of the…
- 2 Aug 2026
FG to Abolish Subsidies in Power Sector in 2027 – Minister
Mr. Joseph Tegbe, minister of Power, has said that the federal government plans to end power sector subsidies from 2027 and that there are no immediate plans for tariff increases. Mr. Joseph Tegbe,…
- 23 Jul 2023
Afrinvest Forecast Nigeria’s Inflation to Hit 24.0% by Q4 2023
Afrinvest Limited has forecasted that Nigeria’s inflation is likely to touch 24.0 per cent before decelerating in Q4 2023 on the back of the base effect and weakened demand pressure. In view of this,…
- 3 Jun 2015
Africa Urged to Use ICT Model to Leap-frog Energy Log Jam
If data is anything to go by, reports that some 750 million Africans rely on biomass for their daily energy needs clearly puts the energy sector on top of Africa’s development agenda. This concern…
- 27 May 2014
Nigerians Get New Electricity Tariffs
From June 1, some electricity consumers will pay far lesser than what they are currently paying for fixed charges and energy consumption. A few others, according to the Nigerian Electricity…
- 19 Aug 2025
How Poor Public Power Supply Stalls Digital Adoption- Ekeh
Leo Stan Ekeh, serial entrepreneur and chairman, Zinox Group, has urged the federal government to take urgent steps to make electricity affordable for educational, innovation hubs and research…
- 20 Aug 2024
FG Spends N120 to Produce 1Kw/h of Electricity - Minister of Power, Adebayo Adelabu
Chief Adebayo Adelabu, Minister of Power, has disclosed that it costs the Federal Government approximately N120 to generate one kilowatt-hour (kWh) of electricity in Nigeria. Minister Adebayo-Adelabu…
- 2 Feb 2025
FG Asks Nigerians to Brace for Fresh Electricity Tariff Hike
Federal government has said that it plans are ongoing to increase electricity tariffs “over the next few months”. The government however, said that the planned increase needed to be balanced by…
- 10 Jun 2018
Looking Beyond Oil Price Collapse Towards Post Recovery Savings (Part 2)
By Austin Okere I will attempt to share the justification for this projection from the insights expressed by experts at various fora, and my own informed postulations. Depending on which expert you…
- 7 Mar 2024
Cloud Energy Launches Solar Energy As A Serrvice for Stable Electricity
Cloud Energy Solar, recognized as Nigeria’s premier solar energy provider, has initiated the Solar Energy as a Service programme, which aims to empower "Solar entrepreneurs" to offer electricity…
- 17 May 2016
Inflation Hit Near 6 Years High in April
Annual inflation in Nigeria quickened to a near six-year high of 13.7 percent in April, in part due to rising petrol and electricity prices, the National Bureau of Statistics (NBS) said on Monday,…
- 31 Mar 2020
How is the Coronavirus Impacting Nigeria’s Economy?
By Lukman Otunuga, Senior Research Analyst at FXTM On March 26, Nigeria joined many other nations banning flights into the country and urging shelter-in-place, social isolation practices amid the…
- 11 Dec 2025
MoMo PSB Brings Relief to UNILAG Students with Ultra-Cheap Bus Fares
MoMo Payment Service Bank (MoMo PSB), a fintech subsidiary of MTN Nigeria, has announced a partnership with Ogata Electric Vehicles to provide subsidised bus rides of ₦10 per fare to students of the…
- 7 Sept 2025
NASS to Scrap NERC’s Electricity Tariff Bands Amid Public Outcry
National Assembly (NASS) has commenced a review of the 2023 Electricity Act with strong indications that the electricity tariff categories introduced by the Nigerian Electricity Regulatory Commission…
- 14 Aug 2019
FG May Pay ‘Failed Investors’ N736Bn to Repossess Discos
Federal government is considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry. According to the Punch, this…
- 20 Sept 2018
Nigeria Air: Airline Operators Hail suspension
Following the suspension of Nigeria Air on Wednesday by the Federal Government, Airline Operators of Nigeria (AON) have commended them for taking bold step to suspend the planned National Carrier…
- 5 Jan 2016
High Electricity Bills Stifling e-Commerce Sector Growth - Experts
Operators of e-commerce companies have identified costly electricity charges as a deterrent to investment and business development in Nigeria. This is coming as the Association of Nigerian…
- 3 Sept 2015
MTN Collaborates IDC on Affordable Smartphones for Internet Penetration
MTN Nigeria has once again suggested that massive rollout of LTE broadband services can become more profitable through increased shipment of affordable smartphones in the country. Speaking during…
- 22 Jul 2021
FG May Raise VAT to 15 Percent before 2025- Report
A report by the Economist Intelligence Unit (EIU), London, has predicted that the federal government might effect a 100 per cent rate increase in the Value Added Tax (VAT) from the current rate of…
- 29 Jul 2025
$1 Trillion Economy: Why Tinubu Must Listen to Dangote, Ekeh, Others
By Aliyu Gaya One exceptionally commendable fact about the Bola Tinubu presidency is that it is not lacking in ambition and audacity. Courage defines the leader and Tinubu has it in good measure.…
- 22 Sept 2020
Labour Plans Protest over Increase in Fuel Price, Electricity Tariff Hike Monday
Labour and civil society coalition under the umbrella of Trade Union Congress (TUC) and Nigeria Labour Congress (NLC) has resolved to embark on a nationwide protest against recent hike in prices of…
- 17 Oct 2013
Nigeria’s Economy Gets Fitch’s ‘BB’ Rating
Fitch Ratings has affirmed Nigeria’s long-term foreign and local currency IDRs and senior unsecured bond ratings at ‘BB-’ and ‘BB’ . The outlook is stable, according to the agency, which also…
- 23 Jul 2026
Even Messi Needed Trophies. Nigerians Demand Results, not Dribbling
By Blaise Udunze From a general observation, comparisons are powerful political tools. They simplify complex realities, inspire supporters and shape public perception. Another side of this is that…
- 28 Apr 2024
The NCC, Telcos and the Tariff Discourse
By Dr. Falade Muritala Adesola The telecoms sector in Nigeria is viewed by some as a model of regulatory excellence. Other African countries often visit Nigeria to study the sector, aiming to…