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Electricity woes worsen as DisCos record N2.4trn in financial losses

Electricity woes worsen as DisCos record N2.4trn in financial losses

•Rising debt restricts power generation •Consumers slam DisCos for non-transparency, demand mass metering •Operators knock Presidency over exit from national grid By Obas Esiedesa At the backdrop of worsening power supply to offices and homes, Electricity Distribution Companies (DisCos) have recorded a combined loss of N2.349 trillion over the past two years due to billing and collection […]

VANGUARD ECONOMIC SUMMIT: Public, private sector leaders set to play lead roles

VANGUARD ECONOMIC SUMMIT: Public, private sector leaders set to play lead roles

•Cabinet ministers, UN agencies lead discussions  •Private sector leaders sign up By Emeka Anaeto, Business Editor Activities ahead of the hosting the 2026 edition of Vanguard Economic Summit (VES’26) have reached advanced stage with key partners gearing up for incisive discussions around the Summit theme. Themed, “Food Security and Socio-economic Stability: Options for Nigeria’s Agriculture Sector Rebound”, […]

NGX extends rally as investors reap N1.8trn in 3 days

NGX extends rally as investors reap N1.8trn in 3 days

By Peter Egwuatu   Trading on the Nigerian Exchange (NGX)  closed Week on Week, WoW, on a positive note, as investors reaped over N1.765 trillion from their investment listed on the Nigerian Exchange Limited, NGX in the three days trading sessions last week. Specifically, the NGX market capitalisation, which represents the total value of listed equities, surged […]

2027: Otti won’t oppose Tinubu’s re-election bid – Abia Rep member

2027: Otti won’t oppose Tinubu’s re-election bid – Abia Rep member

. As gov unveils solar project lights up Bende By Steve Oko UMUAHIA — Gov. Alex Otti’s political ally and member representing Isiala Ngwa North and Isiala Ngwa South federal constituency at of the House of Representatives, Hon. Ginger Onwusibe, has declared that Otti would not oppose the re-election bid of President Bola Ahmed Tinubu […]

INVESTMENT OUTLOOK: Nigeria’s perceived more positively today — StanChart chief

INVESTMENT OUTLOOK: Nigeria’s perceived more positively today — StanChart chief

In this interview, Manpreet Gill, Chief Investment Officer, Africa, Middle East, and Europe, Standard Chartered Bank, speaks on global market outlook for 2026, with a particular reference to Nigeria’s investment outlook for the year. By Yinka Kolawole  How would you summarise global market performance recently, and what are the key themes shaping your outlook for 2026? […]

Retirees beg Gov Abiodun to defer CPS implementation

Retirees beg Gov Abiodun to defer CPS implementation

By Victor Ahiuma-Young Members of the Association of New Ogun State Civil and Public Service Retirees, ANOCPSR, have urged Governor Dapo Abiodun to defer the implementation of the Contributory Pension Scheme, CPS, in the state. The appeal was by the association’s leader, Mr. Omopariola Oluwole, during a protest at the Assembly Complex in Abeokuta. Addressing the […]