Business

CBN bags NES Award for economic reforms

CBN bags NES Award for economic reforms

By Babajide Komolafe The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s (NES) Distinguished Organisation Award in recognition of its institutional reforms and contributions to Nigeria’s macroeconomic stability and economic development. The award was presented at the 67th Annual Conference of the NES, held in Abuja from September 7 to 10, 2026. […]
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TCN declares force majeure as tower on Kainji-BirninKebbi line collapses

TCN declares force majeure as tower on Kainji-BirninKebbi line collapses

By Obas Esiedesa, Abuja The Transmission Company of Nigeria (TCN) has declared force majeure on the 330kV Kainji-BirninKebbi transmission line following the collapse of a transmission tower along the corridor. TCN, in a statement on Tuesday, said the line tripped at 10:44 p.m. on Monday, September 7, 2026. It said a trial re-closure was attempted […]

RMAFC targets Chinese investors to boost Nigeria’s oil, gas revenue

RMAFC targets Chinese investors to boost Nigeria’s oil, gas revenue

By ObasEsiedesa, Abuja The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced engagements with key stakeholders as part of plans to attract increased Chinese investment into Nigeria’s oil and gas sector and boost revenue accruing to the Federation Account. The Commission, in a statement by Head, Information and Public Relations Unit, Maryam Yusuf, said […]

Elektron Energy moves to transform electricity supply for Victoria Island

Elektron Energy moves to transform electricity supply for Victoria Island

By UdemeAkpan Elektron Energy, a developer and operator of embedded power infrastructure, has unveiled its Victoria Island Power (VIPL) project, a 40-megawatt embedded power network designed to provide dedicated and more reliable electricity to businesses in one of Lagos’ upscale commercial districts. The company opened the project to customers and business leaders recently at its […]