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 […]
Cardoso reaffirms collaborative approach to economic coordination
Cardoso has underscored the importance of clear communication, credible data, and strong coordination between fiscal and monetary authorities
CBN orders banks to refund failed ATM transactions within 48 hours
The new guideline also requires banks and ATM operators to deploy advanced systems that automatically reverse failed or partial transactions.
We’re partnering top firms to deliver Nigeria’s first floating LNG project — UTM
By Udeme Akpan, Energy Editor The Group Managing Director/CEO of UTM Offshore Limited, Dr. Julius Rone, has said that the company is working with top engineering companies and other partners to execute Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. He stated that the project, located offshore Akwa Ibom State, has made significant progress because of […]
National Single Window project’ll reduce cargo clearance costs — CRFFN
•It will spur compliance in Nigeria’s external trade —Fakolade By Godwin Oritse The Registrar of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), Mr. Kingsley Igwe, has said that the adoption of the National Single Window (NSW) project in the country’s import and export processes will not only cut down the cost and […]
POWER: Bilateral companies owe Nigeria $8.5m — NERC
By Yinka Kolawole, with agency report The Nigerian Electricity Regulatory Commission (NERC) has reported that some international bilateral companies owe Nigeria’s electricity generation companies (GenCos) about $8.5 million in unpaid power supply. In its latest quarterly report, the Commission said the companies made a payment of $9.015 million from an invoice of $17.54 million issued to them […]
