67 h. ago World Bank sees 7% drop in global commodity prices as oil glut expands

•Oil oversupply, weak growth to drive price decline •Says fertilizer costs to rise 21% •Warns Nigeria to brace for fiscal shifts Global commodity prices are forecast to fall by seven per cent in both 2025 and 2026, reaching their lowest level in six years as a widening oil glut and sluggish global growth continue to […] The post World Bank sees 7% drop in global commodity prices as oil glut expands appeared first on Tribune Online.

Politics

68 h. ago HYDRO Power Commission Distributes 4000 Life Jackets, 850 Tillers

Amid an upsurge in boat accidents on the inland waterways of the National Hydro Power Producing Areas (N-HYPPADEC) benefiting states, the Commission has purchased 4,000 life Jackets and other materials for distribution to operators in Niger state. The commission also distributed 850 units of 13 HP Power Tillers, of which Niger state has the highest […]

Politics

3 d. ago Govt Mulls Minimum Capital Threshold For Power Distributors’ Licence Renewal

The federal government plans to impose a minimum capital requirement on electricity distribution companies (DisCos) as part of their licence renewal conditions, aiming to strengthen the utilities’ financial health and liquidity. The Minister of Power, Adebayo Adelabu, made this known during the Nigeria Energy Forum (NEF) 2025 in Lagos, on Tuesday. Speaking at the forum […]

Politics

4 d. ago Vandals Destroy Gombe–Damaturu 330kV Transmission Line, Disrupts Power Supply To Borno, Yobe

The Transmission Company of Nigeria (TCN) has confirmed that one of its high-voltage towers, T347, along the Gombe–Damaturu 330kV transmission line, was vandalised. This caused a partial power disruption in parts of Borno and Yobe states. According to a statement by TCN’s General Manager of Public Affairs, Ndidi Mbah, the incident occurred on Friday when […]

Politics

4 d. ago Power Company Urges Customers To Protect Electricity Facility

Mainpower Electricity Distribution Limited (MEDL) has called on its customers to remain vigilant and protect electricity infrastructure serving their neighbourhoods and communities from vandals, following the rising incidents of vandalism within its network. It made the call  in a statement issued by the Head of Communication, MEDL, Mr. Emeka Ezeh, announcing the arrest of a […]

Economics

5 d. ago NCRIB projects 3% insurance penetration by 2027 on back of NIIRA reforms

The Nigerian Council of Registered Insurance Brokers (NCRIB) has projected that Nigeria’s insurance penetration could rise to 3 percent by 2027, up from the current 0.5 percent, driven by the full implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025. Outgoing NCRIB President, Mr. Babatunde Oguntade, disclosed this at a press conference in Lagos, […]

Politics

9 d. ago Reps Move To Whittle Down President’s Power Of Sacking EFCC Chairman

The House of Representatives has passed through to second reading, a bill seeking to amend the Economic and Financial Crimes Commission (Establishment) Act, 2004, to guarantee greater institutional independence, operational efficiency and accountability of the anti-graft agency. Sponsored by Hon. Yusuf Adamu Gagdi (APC, Plateau), the bill seeks to insulate the EFCC from political control […]

Politics

9 d. ago Power Ministry Backs Nigeria Energy Confab On Reforms, Technologies For Reliable Future

The 12th edition of the Nigeria Energy Exhibition and Conference, West Africa’s most influential energy event, which will gather industry professionals, will focus on unlocking the capital, policy reforms, and technologies needed to build a more reliable and sustainable power sector. The event, which holds from October 28 to 30, 2025, in Lagos, is organised […]

Politics

1 week ago Katsina, Kano, Jigawa Governors Forge Regional Alliance On Power

To strengthen regional cooperation on electricity access and sustainability, the governors of Katsina, Kano and Jigawa states have agreed to form a united front in driving power sector reforms in Northern Nigeria. Leading the Katsina delegation, Governor Malam Dikko Umaru Radda joined his counterparts in Marrakech, Kingdom of Morocco, for a two-day high-level strategic meeting […]

Politics

2 w. ago Fear Of Protest Stops Nigerian Military From Seizing Power From Civilians — Sowore

Against the backdrop of fear of possible return to power by the Nigerian military, human rights activist and former presidential candidate of the African Action Congress (AAC), Omoyele Sowore, has said that the fear of public protests has always kept the Nigerian military under control and deter them from seizing power. Speaking on the MIC […]

Politics

2 w. ago Elumelu Urges Africa To Unlock Pension Funds To Fix Power Deficit

Chairman of Heirs Holdings and United Bank for Africa (UBA), Tony Elumelu, has called on African governments to urgently unlock the continent’s vast pension funds and fix its electricity crisis if they truly desired to power inclusive growth, innovation, and prosperity. Speaking at the launch of the UBA White Paper titled ‘Banking on Africa’s Future: […]

Politics

2 w. ago Intensify Reform Efforts, IMF Tells Nigeria, Says Real GDP To Rise To 4.2% In 2026

It urged policymakers to restore confidence through credible, transparent, and sustainable policies. The post Intensify Reform Efforts, IMF Tells Nigeria, Says Real GDP To Rise To 4.2% In 2026 appeared first on Channels Television.

Politics

2 w. ago Federal Government, GenCos Seal Framework For ₦4tn Power Sector Debt Repayment Plan

  The Federal Government and electricity generation companies (GenCos) have finalised the implementation framework for the ₦4trillion Presidential Power Sector Debt Reduction Plan — a landmark initiative approved by President Bola Tinubu to restore financial stability, unlock private investment, and ensure reliable power supply across Nigeria. The framework, concluded at a meeting held in Abuja […]

Politics

2 w. ago A Culture of Mentorship and Merit: Babalakin & Co. toasts Oluseun Awonuga’s rise to Senior Advocate of Nigeria (SAN)

Babalakin & Co. hosted a special ceremony at its Lagos headquarters to celebrate Mr. Oluseun Awonuga’s elevation to the rank read more A Culture of Mentorship and Merit: Babalakin & Co. toasts Oluseun Awonuga’s rise to Senior Advocate of Nigeria (SAN)

Politics

2 w. ago Nigeria can still rise with the right leadership in power —Ex

Dr. Rotimi Olulana is a former governorship candidate of the Labour Party (LP) in Lagos State. In this interview with BOLA BADMUS and JEPHTHAH BAREYEI, he speaks on Nigeria’s 65th Independence Anniversary, the gains and losses recorded in the journey to nationhood. He also speaks on the two years of the administration of President Bola […]

Politics

3 w. ago Nigeria’s World Cup chances rise as CAF revisies qualification method

Nigeria’s chances of qualifying for the 2026 World Cup have improved significantly after the Confederation of African Football (CAF) altered the qualifying standards in response to Eritrea’s departure from the competition. Eritrea’s departure has resulted in a considerable imbalance, with Group E now including just five teams rather than six. In a circular dated March […] The post Nigeria’s World Cup chances rise as CAF revisies qualification method appeared first on The Sun Nigeria.

Politics

3 w. ago Niger Delta Power MD Lauds Tinubu’s Approval Of N4trn Legacy Debt Defrayment

The managing director of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, has commended President Bola Ahmed Tinubu for his administration’s commitment to revamping Nigeria’s power sector, following his recent approval of the defrayment of the N4 trillion legacy debts owed to generation companies (GenCos). Recall that in July 2025, President Tinubu met […]

Politics

3 w. ago Tinubu Urged To Intervene As Fresh Power Tussle Rocks Azikiwe Varsity

A coalition of civil society groups has appealed to President Bola Tinubu to intervene in selecting a new vice chancellor of Nnamdi Azikiwe University, Awka, Anambra State. The group, under the aegis of the Coalition for Accountability and Integrity in Education (CAIE), accused a former vice chancellor of plotting to sabotage the process for selecting […]

Politics

3 w. ago Phoenix Steel Boosts Productivity With Niger Delta Power Holding’s Eligible Customer Programme

Phoenix Steel Mills has announced significant improvements in productivity, operational efficiency, and energy stability following its participation in the Eligible Customer Programme of the Niger Delta Power Holding Company (NDPHC). Through the programme, Phoenix Steel Mills said it now enjoys direct access to a reliable electricity supply from NDPHC’s generation assets, drastically reducing its reliance […]

Economics

3 w. ago Peter Obi Calls For Action After Tinubu’s Minister Admits To Certificate Forgery

Labour Party’s 2023 presidential candidate, Peter Obi, has raised concerns that the rise of certificate forgery in Nigeria risks making criminal behavior a norm. Mr Obi’s warning comes in the wake of reports that a minister in President Bola Tinubu’s cabinet admitted he never obtained a university degree. Obi called for urgent and systematic measures, […] The post Peter Obi Calls For Action After Tinubu’s Minister Admits To Certificate Forgery appeared first on Information Nigeria.

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