Enugu Electricity Distribution Company (EEDC) has said implementing the Band A customers tariff that was reduced from N209.50/kWh to N160.40/kWh, will cause N1 billion losses monthly. This was contained in a public announcement, Mainpower Electricity Distribution Limited (MEDL) management issued yesterday. “EEDC concluded that implementing it would result in a monthly loss of over N1…
Indigenous original equipment manufacturers (OEMs) have raised the alarm over alleged deployment of over deployment of fake SPEEDSTAR Computers by the National Information Development Agency (NITDA) through its contractors, saying that it is economic sabotage on the nation especially on the Federal Government’s Renewed Hope Agenda. The OEMs, acting under the aegis of Certified Computer…
Schneider Electric has marked its 25 years of industrial and social impact in Nigeria, with one of its significant milestone being surpassing its goal of training one million people in energy management, a cornerstone of its commitment to inclusive energy transition and youth empowerment. According to its Q2 2025 extra-financial results released at the weekend,…
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has thrown its weight behind Nigeria’s recent constitutional reform that allows states to generate and distribute electricity. The Commission described the development as a major step towards improved energy access and a strategic gateway for Nigeria to attract global climate finance. Speaking at the First African Conference…
Presidential Committee on Tax Policy and Fiscal Reform has said the ongoing tax reforms go beyond revenue generation, aiming instead to reposition the country’s economic trajectory. Its Chairman, Mr Taiwo Oyedele, made this clarification in Lagos at the inaugural Annual Workshop for Attorneys-General on emerging issues in the communications sector. Oyedele noted that the reforms…
The Minister of Aviation and Aerospace Development, Festus Keyamo and the Ministry of Finance Incorporated (MOFI), led by its Managing Director, Dr. Armstrong Ume Takang , have met to explore investment opportunities within the aviation sector as part of broader efforts to reposition the industry as a cornerstone of economic transformation. Accompanied by representatives of…
The Permanent Secretary, Ecological Project Office, Dr. Aishetu Ndayako has reaffirmed government’s commitment to co-developing a national action framework with Centre for Renewable Energy and Action on Climate Change (CREACC-NG) on charcoal and forest governance, backed by science, equity and sustainability. Ndayako disclosed this at a one day high level stakeholder dialogue on charcoal production…
United Republic of Tanzania has thrown its weight behind Nigeria’s bid for election into Category C of the International Maritime Organization (IMO) Council, citing strong bilateral relations and Nigeria’s past support as key factors. This declaration was made during a courtesy visit by the Tanzanian High Commissioner to Nigeria, His Excellency Selestine Gervas Kakele, to…
Seplat Energy PLC has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167 trillion for the period from N575.1 billion reported same period last year. Its gross profit soared to N751.2 billion from N247.5 billion Year-on-Year. Cash generated from its operations for the period grew to N1.188…
