A growing dispute in Nigeria’s electricity market has prompted the Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), to convene a high-level meeting with industry players next week in Lagos. The intervention comes amid rising tensions between state governments and electricity distribution companies (Discos) over who has the legal authority to set electricity tariffs.
The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has unveiled the framework for the Renewed Hope Development Plan (2026–2030), a medium-term economic strategy designed to put Nigeria on the path to a $1 trillion economy by 2030. The announcement came during the council’s 151st meeting held on Thursday, where members commended the
The Nigeria Immigration Service (NIS) has announced a fresh increase in the cost of obtaining Nigerian standard passports, with the new fees set to take effect from September 1, 2025. According to a statement issued by the Service’s Public Relations Officer, ACI Akinlabi, the 32-page passport with a five-year validity will now cost ₦100,000, while
Israeli drone strikes on Tuesday killed six Syrian soldiers in the southern outskirts of Damascus, Syrian state television reported. The strikes, which hit the town of Kiswah, also wounded several others and destroyed part of a military building belonging to the 44th Division, according to a defence ministry official who spoke anonymously to AFP. The
The Academic Staff Union of Universities (ASUU) has warned that Nigerian universities may soon be shut down if the Federal Government fails to address long-standing issues affecting lecturers and the education sector. Speaking at a press conference at the Federal University Oye-Ekiti, the Akure Zonal Coordinator of ASUU, Professor Adeola Oyebisi Egbedokun, said the union’s
The Federal Government has shut down 22 illegal Colleges of Education operating across the country in a move aimed at sanitising Nigeria’s higher education sector. The action followed a nationwide crackdown carried out by the National Commission for Colleges of Education (NCCE), which revealed that the institutions were running without proper accreditation or approval. According
In June 2024, President Bola Tinubu signed an Executive Order abolishing tariffs, excise duties, and VAT on pharmaceutical raw materials and machinery. The move was designed to cut production costs, boost local manufacturing, and make essential drugs more affordable for Nigerians. The order also directed the Ministries of Health, Finance, and Industry, alongside agencies like
President Bola Tinubu has unveiled a new Personal Income Tax Calculator designed to help Nigerians understand how the recently signed tax reforms will affect their incomes. The digital tool, which can be accessed at fiscalreforms.ng, allows citizens to input details such as their annual income, pension and health contributions, and housing expenses to compare current
The Alaafin of Oyo, Oba Abimbola Akeem Owoade, has denied being in a supremacy battle with any monarch in Yorubaland or beyond. The monarch made this clarification in a statement issued by his Director of Media and Publicity, Bode Durojaiye, on Thursday, August 21, 2025, in Ibadan. The clarification comes in the wake of rising
The Economic and Financial Crimes Commission (EFCC) has recovered over ₦5 billion and $10 million from contractors and officials indicted in the controversial turnaround maintenance projects of Nigeria’s refineries in Port Harcourt, Kaduna, and Warri. The commission is also working to trace and recover an additional ₦10 billion and $13 million believed to have been
