FG pays N330bn to GenCos, issues N729bn bonds to investors
The Federal Government on Tuesday disclosed that it has paid about N333 billion to eight electricity generation companies (GenCos) under its power sector debt settlement programme, and launched a second N729 billion bond issuance aimed at clearing more legacy debts and restoring liquidity in the Nigerian Electricity Supply Industry (NESI).
INEC opens 2026 recruitment portal; how to apply
According to a recruitment notice published on the commission’s website, the online application portal opened on Monday, July 20, and will remain accessible until Monday, July 27.
NSCDC uncovers alleged fake university, rescues 106 youths in Badagry
The victims reportedly paid between N200,000 and N1.5 million, while some foreign nationals and other participants allegedly paid between $400 and $500.
Kuwait nationals ration electricity as Iran hits power grid
Kuwait said Iran hit several power and water plants on Monday, causing fires in the fourth such attacks in as many days.
FG targets additional 300,000bpd oil production with 2026 bid round
—Offers 37 blocks to investors—To grow reserve by 500m barrels—Why 13 blocks were returned to basket, NUPRC—Bid winners get 90 days to meet obligations By Obas Esiedesa, Abuja The Federal Government has said the ongoing 2025 Licensing Round is expected to deliver an additional 300,000 barrels per day of crude oil and condensate production over […]
FG returns 13 oil blocks to licensing pool
‘We had 50 blocks on offer, but representations were received for only 37 of them. The remaining 13 blocks will be returned to the licensing basket’
