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Electricity distribution companies have rejected moves by state governments to renegotiate tariffs, warning that the initiative could destabilize the Nigerian power sector. This follows the recent decision of the Enugu Electricity Regulatory Commission (EERC) to slash Band A tariffs from ₦209/kWh to ₦160/kWh, a move that sparked backlash from power generation and distribution firms. While the Forum of Commissioners of Power and Energy in Nigeria insists that states now have

The Lagos State Government has launched a ₦500 billion Produce-for-Lagos Off-taker Guarantee Fund to boost food production, reduce dependence on imports, and strengthen Nigeria’s agricultural value chain. The initiative, unveiled on Wednesday at Lagos House, Alausa, included the signing of an MoU with partnering states. Present were Governors Dapo Abiodun (Ogun), Usman Ododo (Kogi), Umaru Bago (Niger), Agbu Kefas (Taraba), and Ondo Deputy Governor Olajide Owolabi. Minister of Finance Wale

Suspended Senator Natasha Akpoti-Uduaghan has lashed out at Senate President Godswill Akpabio, accusing him of disregarding a valid court order and acting above the Nigerian Constitution. The Kogi Central lawmaker vowed never to apologise, stating she would rather serve out her suspension than beg for reinstatement. Natasha arrived at the National Assembly on Tuesday, July 22, 2025, after a Federal High Court nullified her suspension. However, the visit ended in

Senate President Godswill Akpabio on Tuesday debunked rumours circulating on social media that the National Assembly had approved the creation of new states. Responding to a point of order raised by Senator Abdul Ningi (PDP, Bauchi Central) during plenary, Akpabio clarified that while the Constitution Review Committee has received over 42 state creation proposals, none have completed the rigorous constitutional process required. “I have seen more than 42 proposals, but

The Senate on Tuesday gave the green light to President Bola Tinubu’s external borrowing proposal worth over $21 billion for the 2025–2026 fiscal period, enabling full execution of the 2025 Appropriation Act. The borrowing package comprises $21.19 billion in foreign loans, €4 billion, ¥15 billion, a $65 million grant, and domestic borrowing through government bonds estimated at about ₦757 billion. It also allows the government to raise an additional $2

The Ogun State Government says it is unperturbed by threats of legal action over the burial of the Awujale and paramount ruler of Ijebuland, Oba Sikiru Kayode Adetona, which was conducted in line with Islamic rites. Attorney General and Commissioner for Justice, Sina Ogungbade (SAN), stated this on Monday in response to warnings from the International Council for Ifa Religion (ICIR), which accused the government and the monarch’s family of

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee (FPTRC), Taiwo Oyedele, has revealed that Nigeria currently allocates less than 50% of its revenue to debt servicing—a significant improvement from the previous 97% recorded before recent economic reforms. Speaking as keynote speaker at PwC’s Executive Summit on Nigeria’s Tax Reform in Lagos, themed “The New Tax Era: What Nigeria’s Tax Reform Means to Individuals and Businesses”, Oyedele noted