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Aba Power promises electricity restoration as gas repairs near completion

By Udeme Akpan Aba Power has assured residents and businesses in the Aba Ring-fenced Area that electricity supply will be restored before the end of the week following progress in efforts to resolve the gas supply disruption that plunged the area into darkness. The assurance came as members of the Abia State House of Assembly […]

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Consumers paid N208.15bn for electricity in May — NERC

By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid a total of N208.15 billion for power supplied in May 2026, as electricity distribution companies (DisCos) improved their revenue collection efficiency despite a decline in billing efficiency. This is contained in the Nigerian Electricity Regulatory Commission (NERC), Commercial Performance Factsheet for May 2026 which also showed […]

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PFIPC: Police illegally holding me, probe me openly, DG tells Reps

By Omeiza Ajayi ABUJA: Detained Director General of the phantom Presidential Foreign Investment Promotion Council PFIPC, Adeniyi Adeyemi has accused the police of detaining him beyond the scope of the court order used to justify his custody, and has now demanded that the House of Representatives question him at a public sitting rather than the […]

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NESG says business confidence rising despite soaring costs

•But warns energy prices, credit squeeze threaten outlook By Babajide Komolafe Nigeria’s business environment recorded stronger expansion in July 2026 despite rising operating costs, but the Nigerian Economic Summit Group, NESG, has warned that surging energy prices, limited access to credit and other structural constraints could threaten the sustainability of the recovery. Presenting its August […]

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FG orders payment of civil servants’ outstanding wage award before August 15

By Victor Ahiuma-Young ABUJA— The Federal Government has directed that the outstanding two-month wage award owed  federal civil servants be paid on or before August 15, 2026, following a high-level meeting between the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, and the leadership of the Joint National Public Service Negotiating […]

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Lagos–Calabar coastal highway already beyond Lagos, Presidency replies Duke

The Presidency on Wednesday dismissed criticism from the Peoples Redemption Party (PRP) presidential candidate, Mr. Donald Duke, that the Lagos–Calabar Coastal Highway would not extend beyond Epe in Lagos State, saying the project has already reached Ogun State.

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NAICOM revokes Nigeria Reinsurance’s licence, appoints Muiz Banire as receiver/liquidator

By Innocent Anaba The National Insurance Commission, NAICOM, has revoked the operating licence of Nigeria Reinsurance Corporation over its failure to meet the statutory Minimum Capital Requirement, MCR, and appointed Dr. Muiz Banire, SAN, as Receiver/Provisional Liquidator to wind up the company’s affairs.The appointment took effect on August 3, 2026, following the cancellation of the […]

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Why we froze Osun govt bank accounts – EFCC

The Economic and Financial Crimes Commission, EFCC, on Wednesday night defended its decision to freeze the Osun State Government’s bank accounts, insisting the action was aimed at stopping the alleged diversion of about N11 billion in public funds under investigation and was not connected with the state’s forthcoming governorship election.

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