The Eastern Cape Provincial Government in South Africa has confirmed that a total of 102 bodies have been recovered so far after the deadly floods that hit the province earlier …
Category:
GOVERNMENT
- EconomyFinance & ServicesGOVERNMENTMarketsNigeriaPolicies
FG Spends ₦611.71bn in One Month Servicing Domestic Dollar Bond
The Federal Government of Nigeria spent a staggering ₦611.71 billion in March 2025 to service its first-ever dollar-denominated bond issued within the domestic market, making it the single largest item …
The National Insurance Commission (NAICOM) has said that Nigeria’s ability to secure its future depends heavily on how well the country manages risks and uncertainties across all sectors. The Commissioner …
The Nigeria Employers’ Consultative Association (NECA) has expressed appreciation to President Bola Ahmed Tinubu for his recent directive to cap the Financial Reporting Council (FRC) levy at ₦25 million for …
- EconomyEnergyGOVERNMENTInfrastructureNigeriaOil & GasPolicies
NNPC Records 14% Profit Increase in May as Oil Production Improves
The Nigerian National Petroleum Company Limited (NNPC) has announced a strong 14 percent rise in its after-tax profit for the month of May 2025, reaching ₦1.054 trillion. This marks a …
- EconomyELECTRICITYEnergyGOVERNMENTNigeria
Silence from FG Worsens GenCos’ Frustration as N4.7tn Power Debt Remains Unpaid
Despite promises from the Ministry of Power that President Bola Ahmed Tinubu would meet with electricity generation companies over the N4.7 trillion debt owed to them, nearly two months have …
The Federal Government has introduced a major plan to change the Value-Added Tax (VAT) system in Nigeria. This new reform is aimed at giving states more control over VAT revenue …
- GOVERNMENTLeadershipPoliticsSecurity
Police Take Over PDP National Secretariat Amid Leadership Crisis
In an effort to prevent a potential breakdown of law and order, the Nigerian Police Force has taken control of the national secretariat of the Peoples Democratic Party (PDP), Wadata …
- BusinessEconomyGOVERNMENTNigeriaPolicies
Tinubu Suspends Controversial Financial Reporting Council Levy on Private Companies
President Bola Ahmed Tinubu has ordered a temporary suspension of the implementation of the controversial Financial Reporting Council (Amendment) Act 2023, which introduced new annual regulatory dues on large private …
- DevelopmentEastern AfricaEnergyGOVERNMENTInfrastructure
Kenya Successfully Tests Power Transmission from Ethiopia to Tanzania
Kenya has completed a major test of its ability to transmit 50 megawatts of electricity from Ethiopia to Tanzania through its national electricity grid. The successful trial is seen as …