BUSINESS Archives - Page 34 of 36

States Push For Reflective Electricity Tariffs Amid Power Sector Tensions 0

States Push for Reflective Electricity Tariffs Amid Power Sector Tensions In a bold move that could reshape Nigeria’s electricity landscape, commissioners of energy from all 36 states announced their willingness to negotiate new, more reflective electricity tariffs with power distribution companies (Discos). The announcement, made on Wednesday, comes amid rising tensions following the Enugu Electricity

States Rally Behind Enugu’s Tariff Slash As Electricity Sector Enters Decentralized Era 0

States Rally Behind Enugu’s Tariff Slash as Electricity Sector Enters Decentralized Era The move by the Enugu State Electricity Regulatory Commission (EERC) to cut electricity tariffs for Band A customers from ₦209/kWh to ₦160/kWh has triggered a sweeping policy ripple across Nigeria. Following the bold action, several states—most notably Plateau, Lagos, and Ondo—have declared intentions

Senate Urges FG To Halt Public Enrichment Of Power DisCos, Calls For Reform In Power Sector Funding 0

Senate Urges FG to Halt Public Enrichment of Power DisCos, Calls for Reform in Power Sector Funding In a strong and pointed critique of Nigeria’s current electricity management system, the Senate has urged the Federal Government to reconsider the structure of the power sector, particularly the practice of indirectly enriching private electricity distribution companies (DisCos)

Seven Banks Scramble To Fill ₦964.8bn Capital Gap Ahead Of CBN’s 2026 Deadline 0
- BUSINESS, SLIDE
- July 8, 2025
Seven Banks Scramble to Fill ₦964.8bn Capital Gap Ahead of CBN’s 2026 Deadline Seven commercial banks in Nigeria are under increasing pressure to close a cumulative capital shortfall of ₦964.8 billion as the Central Bank of Nigeria (CBN) pushes forward with its aggressive recapitalisation mandate. The CBN’s initiative, launched earlier in 2024, aims to
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EBID Approves $100 Million For Lagos-Calabar Coastal Highway To Boost Connectivity Across Nine Nigerian States 0
- BUSINESS, SLIDE
- July 4, 2025
EBID Approves $100 Million for Lagos-Calabar Coastal Highway to Boost Connectivity Across Nine Nigerian States In a significant boost to Nigeria’s infrastructure ambitions, the ECOWAS Bank for Investment and Development (EBID) has approved a $100 million funding facility to support the construction of the Lagos-Calabar Coastal Highway. The highway project, which spans 47.7 kilometers in
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FG Sets July 23–24 for National Forum on Petrol Pricing Amid Stakeholder Tensions 0
- BUSINESS, SLIDE
- July 4, 2025
FG Sets July 23–24 for National Forum on Petrol Pricing Amid Stakeholder Tensions In a critical move aimed at addressing the mounting concerns over petrol pricing and the future of Nigeria’s downstream petroleum sector, the Federal Government has scheduled a national stakeholder forum for July 23 and 24, 2025. The summit, spearheaded by the Nigerian
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