Business

Consumers pay N1.2trn for electricity in six months — NERC

Consumers pay N1.2trn for electricity in six months — NERC

By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The figure represents revenues collected by the 11 electricity Distribution Companies (DisCos), based on NERC’s monthly commercial performance reports between January and […]
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Govt gets ultimatum over NCC’s telecom spectrum bidding

Govt gets ultimatum over NCC’s telecom spectrum bidding

By UDO IBUOT THE National Association of Telecommunications Subscribers (NATCOMS) has given the Federal Government, two weeks ultimatum to empanel a judicial commission of inquiry to probe the processes of the 2.3 gigahertz (GHZ) spectrum bidding that is the subject of a face off between the minister of information and communication, Prof. Dora Akunyili and […]

Profit-taking halts bullish run, share value dips by N167bn

Profit-taking halts bullish run, share value dips by N167bn

THE bullish run in the Nigerian Stock Exchange (NSE) was halted Wednesday, as profit-taking activities by investors dragged the value of listed equities by N166.5 billion. Particularly, the value of listed equities, represented by the market capitalisation, dipped by 2.37 per cent to close at N6.871 trillion from N7.038 trillion at which it opened.