Gas Shortages, Low Water Levels Worsen Nigeria’s Electricity Crisis
Nigeria’s electricity crisis has worsened as gas shortages and declining water levels reduce power generation. NISO reports generation of just 2,556MW.
Category: Business
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FG Generates ₦33tn Revenue in 10 Months, Says Oyedele
Finance Minister Taiwo Oyedele says the Federal Government generated ₦33tn between January and October 2026, partly through improved digital tax administration and electronic invoicing.
2027: Remi Tinubu Empowers Over 5,000 Women in South-East
First Lady Oluremi Tinubu has empowered more than 5,000 women across the South-East with business equipment. She also announced additional support for beneficiaries in December.
Federal Government Pledges to Implement Minimum Pension Guarantee After 11-Year Delay
The Federal Government has pledged to implement the Minimum Pension Guarantee after an 11-year delay alongside a ₦758 billion bond for accrued rights.
Labour Factions Divided Over ₦70,000 Palliative as Radicals Demand ₦500,000 Minimum Wage
Organised labour has split over the government’s ₦70,000 transport palliative, with radical factions demanding an immediate ₦500,000 minimum wage.
Federal Government Kicks Off $100 Million Gas Pipeline Project to Boost Southeast Industrialization
President Tinubu has launched a $100 million Southeast gas pipeline project through the SEDC to boost regional industrialization and create jobs.
Tinubu Seeks Senate Approval for $20.5bn and €1.045bn Foreign Loans to Finance Infrastructure
President Bola Tinubu has asked the National Assembly to approve $20.52bn and €1.045bn in foreign loans to fund critical infrastructure.
Nigerians Who Refuse to Return Funds Risk 5–10 Years in Prison — CBN
The CBN has warned that Nigerians who refuse to return wrongly deposited bank funds face up to 10 years in prison, prioritizing financial accountability.
“Fix Your Electricity”: Shettima Tells 36 Governors to Stop Relying on FG
Vice President Kashim Shettima has told 36 state governors to stop depending on the Federal Government and establish independent electricity markets under the Electricity Act 2023.
Reps Give MTN, Airtel, Glo, Others Seven-Day Ultimatum Over Poor Network
The House of Representatives has issued a seven-day ultimatum to MTN, Airtel, Glo, and other telecom operators to answer for poor network services across Nigeria.