By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has announced the installation of 82 power transformers across the country within the last 23 months as part of efforts to strengthen electricity transmission and improve power supply nationwide. The development was disclosed in a publication outlining the company’s achievements and challenges over the past five…
By Seun Ibiyemi In line with the agenda of the Comptroller-General of Customs, Adewale Adeniyi, to facilitate legitimate trade across Nigeria’s land borders, the acting Customs Area Controller (CAC) of Ogun I Command, Deputy Controller Oladapo Afeni, has reduced the number of checkpoints along the Atan–Idiroko road from 16 to three. The development is part…
Dangote Group has appointed Pontsho B. Mokoena as its new Group Chief Risk Officer, effective March 2026, as the conglomerate moves to strengthen its risk management and corporate governance framework. The company announced the appointment on Thursday, noting that Mokoena will oversee Enterprise Risk Management, Insurance, and Digital Transformation across the Group. In her new…
By Yinka Oduntan The All Progressives Grand Alliance (APGA) has reaffirmed its support for the administration of Bola Tinubu, saying cooperation among political actors is essential for strengthening democratic governance and promoting national development. The party’s National Chairman, Sly Ezeokenwa, stated this during an interactive session with journalists on Thursday in Lagos. Ezeokenwa said APGA’s…
By Seun Ibiyemi The Nigerian naira recorded a mixed performance against the United States dollar on Thursday as the foreign exchange market continued to respond to fluctuating liquidity and sustained demand for foreign currency. At the official window of the Nigerian Foreign Exchange Market (NFEM), the naira weakened slightly, closing at about ₦1,387.45 per dollar,…
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has directed all Electricity Distribution Companies (DisCos) to implement a comprehensive Standard Operating Procedure (SOP) aimed at detecting meter bypass, tampering, and other forms of electricity theft. The directive, contained in Order No. NERC/2014/148 and published on the commission’s website in Abuja on Thursday, outlines detailed…
By Seun Ibiyemi The Nigerian Independent System Operator (NISO) has attributed the continued decline in electricity generation on the national grid to persistent gas supply challenges affecting several thermal power plants. In a statement issued on Thursday in Abuja, NISO disclosed that as of 5:00 a.m., total generation on the national grid stood at 3,940.53…
By Yinka Oduntan The Inter-Party Advisory Council (IPAC) has warned that it may boycott the 2027 general elections if the National Assembly fails to address what it described as “anomalies” in the recently enacted Electoral Act 2026. The threat was issued in a communiqué released after IPAC’s General Assembly meeting at the council’s secretariat in…
By Seun Ibiyemi The Nigerian equities market rebounded on Thursday, adding about N220 billion to investors’ portfolios after recovering from a one-day decline. Data from the Nigerian Exchange Limited (NGX) showed that the market capitalisation rose by 0.18 per cent to close at N126.317 trillion, up from N126.097 trillion recorded in the previous session. Similarly,…
By Seun Ibiyemi Nigeria’s gold reserves have risen to about $3.5 billion following the delivery of additional locally sourced and refined gold to the Central Bank of Nigeria (CBN), the Solid Minerals Development Fund (SMDF) has announced. The Executive Secretary of the fund, Fatima Shinkafi, disclosed this while confirming that the latest batch of gold…
