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NERC tightens rules on electricity theft as gas shortage weakens power supply

THE Nigerian Electricity Regulatory Commission (NERC) is tightening electricity theft rules with a new directive urging the electricity distribution companies to take more responsibility in sanctioning offenders. The new directive is focused on the Standard Operating Procedure (SOP) guiding Distribution Companies (Discos) in handling cases of unauthorised electricity acc...


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Recapitalisation: 30 banks meet threshold, three undergoing verification – CBN

FEW days to the March 31 deadline, Nigeria’s banking sector recapitalisation drive has gained significant momentum with 30 banks already meeting the new minimum capital requirements. This is even as three lenders are still undergoing regulatory verification, the Central Bank of Nigeria (CBN) said. The apex bank, in a statement on Friday, March 6, through […]

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Gunmen abduct residents in Abuja community

SEVERAL residents are feared to have been abducted in the Peze community of Byazhi, Kubwa area of Abuja, during a late-night raid by armed men. According to a report by Sahara Reporters, the heavily armed attackers struck on the night of Tuesday, March 3, moving from house to house between 9:30 p.m. and 10:00 p.m […]

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Tinubu assigns countries to Fani-Kayode, Omokri, Mahmood Yakubu, other ambassadors

PRESIDENT Bola Tinubu has approved the deployment of 65 ambassadors-designate to Nigeria’s diplomatic missions worldwide, assigning several prominent political figures to key countries and multilateral institutions. Among those posted are former aviation minister Femi Fani-Kayode, former presidential aide Reno Omokri, and former chairman of the Independent National Electoral ...


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Nigeria gains as Qatar warns oil price may hit $150/barrel in three weeks

NIGERIA is currently benefiting from a price surge as oil prices are forecast to reach $150 per barrel within three weeks if the conflict in the Middle East escalates further and disrupts energy supplies from the Gulf. Nigeria has its oil price for the 2026 budget estimates premised on $64.85 per barrel, but data from […]

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