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President Tinubu Slashes Power Generation Companies’ Bill From N6tn To N2.8tn0
Abuja, Nigeria — President Bola Ahmed Tinubu has approved a major reduction in the outstanding debt owed to Nigeria’s Power Generation Companies (GenCos), cutting the figure from N6 trillion to N2.8 trillion in a move aimed at stabilizing the nation’s fragile electricity sector and preventing a looming shutdown of power plants across the country. The
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Nigeria Revenue Service Collects ₦28.3 Trillion In 2025, Sets ₦40.7 Trillion Target For 20260
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of ₦28.3 trillion for the 2025 fiscal year, marking a significant milestone in the country’s drive to boost non-oil income and strengthen public finances. The figure represents one of the highest annual tax revenues ever recorded by the agency, reflecting improved compliance, expanded
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Nigeria Opens Borders With Benin And Niger In Kebbi State To Boost Trade, Security Cooperation0
The Federal Government has reopened Nigeria’s borders with neighbouring Benin Republic and Niger Republic through Kebbi State, a move aimed at strengthening cross-border trade, improving regional integration, and enhancing security collaboration among the three countries. The reopening is expected to restore economic activities along key border communities that rely heavily on transnational commerce, following
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Adeleke Commissions Shoppi By BRAW Mall, Expands Business And Employment Opportunities In Osogbo0
A new shopping mall, Shoppi by BRAW, has officially opened in Osogbo, Osun State, adding a modern retail hub to the state capital and creating fresh opportunities for employment and business growth. The mall, located in Osogbo was commissioned by Governor Ademola Adeleke on Thursday, February 5, 2026. Daddy Freeze Sparks Debate With Claim Men
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FG Proposes N3.6tn Deduction From Federation Account To Fund Power Subsidies0
The Federal Government has proposed a N3.6 trillion deduction from the Federation Account to finance electricity subsidies between 2026 and 2028. The move is aimed at spreading the cost of the power subsidy across the three tiers of government — federal, state, and local — rather than leaving the burden solely on the central
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Dangote Refinery Raises Petrol Price As Market Returns To Post-Festive Reality0
Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, marking a nationwide adjustment following the end of the festive season. The development is expected to have a direct impact on fuel costs for motorists and households across Nigeria. In a statement released on
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