19 h. ago Nigeria’s power sector bleeds more cash than generates electricity

Nigeria’s power sector is consuming public cash at an accelerating pace, forcing the government to spend hundreds of billions of read more Nigeria’s power sector bleeds more cash than generates electricity

Politics

60 h. ago NUJ Hails Governor Yahaya On Electricity Sector Reform In Gombe

The Nigeria Union of Journalists (NUJ), Gombe State Council has commended Governor Muhammadu Inuwa Yahaya, on securing regulatory autonomy for Gombe State’s electricity market. This followed the formal transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission (NERC) to the Gombe State Electricity Regulatory Commission (GOSERC), marking a transformative milestone in the state’s journey […]

Politics

5 d. ago 20 Firms Exit National Grid, Get Licences For Independent Power Generation

The Nigerian Electricity Regulatory Commission (NERC) has announced that an additional 20 firms secured captive power generation permits in the third quarter of 2025, enabling them to produce a combined 5.85 megawatts independently and potentially reduce reliance on the faltering national grid. NERC, in its latest quarterly report released this week, stated that these companies […]

Politics

6 d. ago MAP scheme leads meter rollout as DisCos distribute 228,614 in Q3 2025

Distribution Companies (DisCos) in the Nigerian Electricity Supply Industry installed a total of 228,614 meters in third quarter of 2025, read more MAP scheme leads meter rollout as DisCos distribute 228,614 in Q3 2025

Politics

6 d. ago Gombe joins other states to secure autonomy over electricity market regulation

In compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023, the Nigerian read more Gombe joins other states to secure autonomy over electricity market regulation

Politics

6 d. ago Togo, Niger, Benin Owing Nigeria N25bn For Electricity – NERC

Togo, Niger, and Benin owe Nigeria $17.8m, an equivalent of over N25bn at the current exchange rate, for electricity supplied under bilateral arrangements, the Nigerian Electricity Regulatory Commission has said. In its Third Quarter 2025 report, NERC disclosed that the three international customers were invoiced a total of $18.69m by the Market Operator for electricity […] The post Togo, Niger, Benin Owing Nigeria N25bn For Electricity – NERC appeared first on Information Nigeria.

Politics

6 d. ago NERC: International Customers Owe Nigeria ₦25bn For Electricity

The electricity supplied to the three countries was generated by grid-connected Nigerian generation companies and delivered through bilateral cross-border power arrangements. The post NERC: International Customers Owe Nigeria ₦25bn For Electricity appeared first on Channels Television.

Economics

7 d. ago “Bank Balances, Receiving Transfers Won’t Be Tax, Only Sender For N50” — CITN Clarifies

The Chairman of the Chartered Institute of Taxation of Nigeria, Abuja District, Ben Enamudu, has dismissed claims that bank balances are taxed under Nigeria’s new tax regime, saying only certain electronic transfers attract a ₦50 stamp duty and that the reforms are designed to shield low-income earners. Speaking in an interview with ARISE News on […] The post “Bank Balances, Receiving Transfers Won’t Be Tax, Only Sender For N50” — CITN Clarifies appeared first on Information Nigeria.

Politics

7 d. ago Nigeria’s electricity subsidy hits ₦1.98tn in 12 months despite tariff hikes

Nigeria’s electricity subsidy bill climbed to ₦1.98 trillion over 12 months, even after tariff increases for many consumers, according to read more Nigeria’s electricity subsidy hits ₦1.98tn in 12 months despite tariff hikes

Politics

7 d. ago 5.36m Electricity Customers Remain Unmetered, Says Regulator

The Nigerian Electricity Regulatory Commission has disclosed that approximately 5.36 million electricity customers across the country remain unmetered, despite the distribution companies’ recent meter installations in the third quarter of 2025. The commission stated this in its third-quarter report, which was posted on its website on Tuesday. Additionally, power generation on the national grid decreased […]

Economics

7 d. ago Nigeria’s Electricity companies’ incomes jump by 22% despite blackout

Nigeria’s electricity distribution companies saw their collective revenue jump to N570.25 billion ($370 million) in the third quarter, a 22 read more Nigeria’s Electricity companies’ incomes jump by 22% despite blackout

Politics

8 d. ago Nigeria’s electricity companies’ incomes jump by 22% despite blackouts

The total revenue collected by Electricity Distribution Companies (DisCos) increased to N570.25 billion in the third quarter (July-September) of 2025, read more Nigeria’s electricity companies’ incomes jump by 22% despite blackouts

Politics

8 d. ago Alleged Missing ₦128bn Was Before My Appointment As Minister, Adelabu Replies SERAP

The Socio-Economic Rights and Accountability's Deputy Director, Oluwadare, had urged President Bola Tinubu to investigate allegations that over ₦128 billion in public funds were missing or diverted from the Ministry of Power and the Nigerian Bulk Electricity Trading Plc. The post Alleged Missing ₦128bn Was Before My Appointment As Minister, Adelabu Replies SERAP appeared first on Channels Television.

Politics

8 d. ago Tahir Completes Tenure At Electricity Management Agency, Hands Over To Ashibel

The Nigerian Electricity Management Services Agency (NEMSA), has announced the  completion of the statutory tenure of its erstwhile managing director/chief executive officer Engr. Aliyu Tukur Tahir on December 31, 2025. The agency also said Tahir had handed over leadership to the agency’s most senior officer in person of the executive director, Corporate Services, Dr Utsu […]

Politics

2 w. ago Bank Transfers: Senders To Pay ₦50 Stamp Duty From January 1

Financial institutions in Nigeria will begin deducting a ₦50 stamp duty from senders on electronic transfers of ₦10,000 and above from January 1, 2026, following the implementation of the new Tax Act. Previously, electronic transfers of ₦10,000 and above attracted a ₦50 Electronic Money Transfer Levy (EMTL), which was typically deducted from the recipient’s account. […]

Politics

2 w. ago Banks to charge ₦50 stamp duty on transfers above ₦10,000 from January 1

Learn about the new ₦50 stamp duty in Nigeria on electronic transfers above ₦10,000. Find out how the Tax Act affects your bank transactions. Read More: https://punchng.com/banks-to-charge-%e2%82%a650-stamp-duty-on-transfers-above-%e2%82%a610000-from-january-1/

Politics

2 w. ago Foundation Trains 500 Youth As Solar Technicians To Tackle Power Deficit, Unemployment

In a bold attempt to address Nigeria’s twin challenges of chronic electricity shortages and soaring youth unemployment, GreenWorks Africa Programme, implemented by EGO Foundation in partnership with Access Holdings, has trained 500 young Nigerians as certified solar installation technicians and green energy entrepreneurs. The six-month programme was designed on the premise that unemployed youths could […]

Politics

2 w. ago State police or state power? Why Nigeria’s state governors should fix electricity before asking for guns

The renewed clamour for state police in Nigeria, championed largely by state governors, is one of the most consequential debates read more State police or state power? Why Nigeria’s state governors should fix electricity before asking for guns

Politics

3 w. ago Okonjo‑Iweala unveils Abia’s first electric shuttle buses, urges cleaner environment

Abia State launches Nigeria’s first fleet of 20 electric shuttle buses, a move praised by WTO’s Okonjo-Iweala for promoting a cleaner environment. Read More: https://punchng.com/okonjo%e2%80%91iweala-unveils-abias-first-electric-shuttle-buses-urges-cleaner-environment/

Politics

3 w. ago Tinubu has shown uncommon concern for pensioners—FEPPPAN president

As Nigeria grapples with inflation, rising healthcare costs, and an ageing population, pensioners remain among the most vulnerable citizens. Yet, according to the President-General of the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN), who is also the President of the Electricity Sector Retirees Welfare Association (ESREWA), Elder Benjamin Maisaniari Amako, in this […]

Politics