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Most GenCos lack bankable gas sales agreement — NMDPRA

By Obas Esiedesa The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Saidu Mohammed, has blamed the persistent electricity supply challenge in Nigeria on weak commercial arrangements in the gas-to-power segment, rather than lack of gas resources or generation capacity. Mohammed noted that while Nigeria currently produces about eight billion standard […]

Women spend 21% of day on Unpaid Care, men 4% — NBS

Says  Unpaid Work gap persists across urban, rural Nigeria By Babajide Komolafe Women in Nigeria spend 21 per cent of their day  nearly five hours  on unpaid domestic and care work, compared to just 4.1 per cent, or about one hour, spent by men, according to the Nigeria Time Use Survey (NTUS) 2024 released by the National […]

NDIC pays depositors of defunct banks within 72 hours via BVN —Executive Director

By Bashir Bello KANO — The Nigeria Deposit Insurance Corporation, NDIC, said it has settled or reimbursed depositors of defunct banks within 72 hours of their closure. The affected banks include, Heritage Bank Limited, Union Homes Plc and Aso Savings and Loans Plc. Speaking during a one day stakeholders meeting held in Kano, the NDIC Executive […]

US to Deport 18 Nigerians on ‘Worst-of-the-Worst’ criminal list

The United States Department of Homeland Security (DHS) has announced plans to deport an additional 18 Nigerians listed on its “worst-of-the-worst” criminal register, bringing the total number of Nigerians slated for removal to 97. The DHS website on Monday showed that 18 more names had been added, indicating an expansion of the ongoing enforcement exercise […]

UAC records 74% revenue surge, amid one-off acquisition related costs

By Peter Egwuatu UAC of Nigeria Plc, has announced its unaudited financial results for the fourth quarter and year ended 31 December 2025, recording a 74% increase in revenue to N343.4 billion from    N196.9 billion in the corresponding period 2024 following the successful completion of its transformational acquisition of C.H.I. Limited alongside continued contributions from […]

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