30 results
- 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,…
- 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…
- 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…
- 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…
- 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…
- 24 Jul 2012
Case for Intervention Fund in Telecom
In few years, Nigeria has grown from being one of the most under-served telecommunications market in Africa to one of the fastest growing in the world. The licensing of digital mobile and fixed…
- 26 Jun 2026
Telcos Lose 30m Subscribers in 3-Year Slump due to NIN-SIM Link Policy
Telecom operators in Nigeria recorded a sharp decline of 33,153,633 subscribers in three years (May 2023 – April 2026), according to the Nigerian Communications Commission’s (NCC) latest industry…
- 20 Feb 2018
TVC to Open New Radio Station in Abuja
Andrew Hanlon, chief executive of TVC Communications, has said that his company will open a new radio station in Abuja in April. Hanlon who disclosed this when he visited Alhaji Lai Mohammed,…
- 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…
- 9 Aug 2018
NCC Issues MTN Deadline to List on NSE
Prof Umar Garba Danbatta, executive vice chairman, Nigerian Communications Commission (NCC has said that MTN must list on Nigeria's stock exchange on or before May 2019 as contained in the agreement…
- 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…
- 10 Apr 2024
Confusion, Criticisms Hit NIMC’s Proposed Multiple National ID Cards
There’ve been mixed reactions in Nigeria after the federal government unveiled plans to introduce a new multi-purpose national digital ID card, with some describing it as a duplicative effort and a…
- 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…
- 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…
- 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…
- 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…
- 14 Oct 2025
FG, GenCos Seal Agreement on N4 trillion Power Sector Debt Payment
The Federal Government has concluded implementation frameworks for a N4 trillion government-backed bond aimed at settling verified arrears owed to power Generation Companies (GenCos) and gas…
- 19 Apr 2022
World Bank Suggests Steps for Nigeria, Others to Avoid Debt Distress
David Malpass, president, World Bank has highlighted steps for low-income countries experiencing high debt and deficit levels to avoid debt distress and turn their deficits to surplus. High debt and…
- 30 May 2015
10 Challenges Facing Buhari
President Muhammdau Buhari faces a tough battle to diversify an economy reliant on oil and hampered by terrorism and endemic corruption. Buhari won the 2015 election as a self-described "converted…
- 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…
- 11 Apr 2025
MTN Plans Second Public Offer in Nigeria
Ralph Mupita, president,MTN Group, has announced plans to reduce its shareholding in MTN Nigeria through a public offer after it returns to profitability. The group aims to cut its stake from 76…
- 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,…
- 3 Dec 2016
Sanusi Warns against $30Bn Loan, Says Buhari 's Govt Lacks Ideas
Alhaji Sanusi Lamido Sanusi, Emir of Kano, has flayed President Muhammadu Buhari’s administration for the way Nigeria is being run and warned of grave consequences of borrowing $30 billion from…
- 20 Sept 2019
AfDB Approves $500, 000 Grant to Support Nigeria Energy Access Fund
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF), a…
- 20 Oct 2020
Nigeria in Focus: LCCI, Inflation & Naira
By Lukman Otunuga, Senior Research Analyst at FXTM, According to the Lagos Chamber of Commerce and Industry (LCCI), Nigeria has lost roughly N700 billion Naira to the #EndSARS protests over the two…
- 6 Dec 2015
Lagos with 22.8% Ranking Places Nigeria on Top of Global Mileage
At present, Nigeria a country dependent on crude oil is experiencing a shortage of the product called petrol which has affected the daily activities of commuters. Even with the scarcity of petrol,…
- 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…
- 6 Aug 2012
Twitter…the Assault on Free Speech!
“Business is ‘just business’: a scramble for profit,” wrote Richard Branson, the British international entrepreneur in his 2008 book, Business Stripped Bare (Virgin Books). Although Branson talks…
- 21 Mar 2013
FG to Share $2Bn Oil Money with States, LGs
The National Economic Council has approved the sharing of between $1billion and $2billion from the excess crude account amongst the federal, state and local governments. Godswill Akpabio, governor of…
- 8 Oct 2015
Buhari Rejects New Electricity Tariffs, Wants Improved Power
President Muhammadu Buhari has frowned at the current electricity tariffs, stating that until there is stable power supply in the country, electricity tariffs cannot remain at their current level.…