Nigeria’s power sector continues to grapple with a deepening liquidity crisis as the Electricity Distribution Companies (DisCos) recorded a staggering ₦1.591 trillion in revenue losses over the last three years. The losses, driven by inefficiencies in the collection of bills, highlight the persistent struggle of the Nigerian Electricity Supply Industry (NESI) to achieve financial sustainability …
In a major step toward transforming Nigeria’s dairy industry, Nestlé Nigeria Plc and the Federal Ministry of Livestock Development have signed a Memorandum of Understanding (MoU) to create a Dairy Technical Skills Development Centre in Paikon Kore, Gwagwalada. Located at the existing Nestlé Dairy Demonstration Farm, the new centre aims to boost technical capacity, improve …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on the Independent Petroleum Producers Group (IPPG) to uphold industry benchmarks, invest in human capital, and strengthen corporate governance. The Commission Chief Executive, Mrs. Oritsemeyewa Eyesan, made the appeal during a courtesy visit by an IPPG delegation led by its Chairman, Mr. Adegbite Falade, at NUPRC's …
Business leaders and executives across Nigeria have been urged to adopt intentional strategies for empowering their workforce as the key to unlocking long-term organisational success. The advice was given during the Emages Executive Talk Show 3.0 organised by Emages Multimedia Ltd through its professional network, Executive Platforms, at The Providence Hotel, Lagos. The one-day high-level …
The Federal Competition and Consumer Protection Commission (FCCPC) has commended a judgment of the Federal High Court, Abuja, that affirmed the Commission’s authority to investigate consumer complaints. In a ruling delivered on Monday, April 20, Justice James Omotosho, dismissed a suit filed by Air Peace Limited challenging the FCCPC’s authority to investigate consumer complaints and …
The Transmission Company of Nigeria (TCN) has declared a force majeure on its Ikeja West–Osogbo 330kV transmission line following the collapse of a key tower during a severe rainstorm on Thursday, 16 April 2026. In a statement released on Sunday, April 19, signed by TCN General Manager Public Affairs, Ndidi Mbah, the company said the …
Nigeria is currently ranked among countries with relatively low petrol prices globally. According to GlobalPetrolPrices.com, the average price of petrol, also known as gasoline, around the world as of April 13, 2026, is $USD1.50 per litre. Data published by the oil and gas analytical firm indicates that Nigeria is currently ranked 23rd ($0.90 per litre) …
Former Senate President Bukola Saraki and former Governor of Kwara State, Abdulfatah Ahmed have accused incumbent Governor AbdulRahman AbdulRazaq of pursuing a political vendetta against them with issues linked to the 2018 robbery incident in offa. The reactions by Saraki and Ahmed, who are AbdulRazaq's predecessors, came after the state government filed 20-count charges …
The hope for cheaper fuel has been dampened after Iran closed the Strait of Hormuz again on Saturday, reversing the brief optimism that followed its reopening on Friday. Iran's military declared the Strait of Hormuz blocked again on Saturday, April 18, hours after it was reopened. The move is a direct response to the U.S. …
The Airline Operators of Nigeria (AON) has temporarily suspended its planned nationwide shutdown of flight operations, which was scheduled to begin on Monday, April 20, 2026. This decision follows an appeal from the Minister of Aviation and Aerospace Development, Festus Keyamo. According to a communique issued by AON after an emergency meeting of …
