The Association of Energy Correspondents of Nigeria (NAEC) has announced that the 2025 edition of its highly anticipated annual conference will take place on October 9, 2025, at the Eko Hotel & Suites, Lagos, under the theme: “Nigeria’s Energy Future:…
NERC: Abuja Electricity Disco Fined N1.69BN For “Crazy Billing” Practices
THE Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N1.69 billion on Abuja Electricity Distribution Company (AEDC) for “crazy billing” practices. This regulatory action aims to protect consumers from unfair billing practices and ensure compliance with industry standards.…
LASG: Ministry of Wealth Creation To Deepen Inter-Agency Collaboration with Resilience Office
The Lagos State government has continued its ongoing efforts to deepen institutional coordination around sustainable development, economic empowerment, and resilience planning. This was emphasized on Wednesday, May 28 as the Honourable Commissioner for Wealth Creation and Employment, Hon. Akinyemi Ajigbotafe,…
LASRERA Seeks Collaboration, Support Of Traditional Rulers
Ahead of the Stakeholders’ forum which is scheduled to hold in the five divisions of the State, the Lagos State Government, through the Ministry of Housing and Lagos State Real Estate Regulatory Agency (LASRERA), is seeking the support and collaboration…
Sidi Ould Tah Elected Ninth President of the African Development Bank Group
Tah will assume office on 1 September 2025, for a five-year term, following the end of the second mandate of current President, Dr. Akinwumi Adesina Sidi Ould Tah of Mauritania was today elected President of the African Development Bank…
TotalEnergies Divests Non-Operated Interest in Nigeria’s Bonga Field, Sells Stake in OML 118 to Shell for $510 Million
In a strategic move to streamline its upstream portfolio, TotalEnergies has signed an agreement to divest its 12.5% non-operated interest in Nigeria’s OML 118 Production Sharing Contract (PSC) to Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for $510 million.…
NERC Introduces N2.17/kWh Tariff Levy to Fund Transmission Infrastructure Projects
In a bold initiative to boost Nigeria’s electricity transmission capacity, the Nigerian Electricity Regulatory Commission (NERC) has announced the creation of a Transmission Infrastructure Fund (TIF), to be financed through a new tariff levy of N2.17 per kilowatt-hour (kWh) of…
Ground Rent: Defaulters In FCT Get 14-day Grace
President Bola Tinubu has given defaulters of ground rent in the Federal Capital Territory (FCT) a 14-day grace period to pay outstanding ground rent and associated penalties. Mr Chijoke Nwankwoeze, Director of Land, FCTA, disclosed this at a news conference…
FinVolution’s BRAVOSHOPS to Boost 1,500 SMEs across Asia, Debuts at UN Global Compact BRI Action Platform Summit
FinVolution Group, a leading fintech company, has launched its “BRAVOSHOPS” pilot initiative to support small and micro businesses across pan-Asian countries. The Company introduced the initiative at a summit held in Indonesia on May 25, co-organized by the Government of…
LASG Forges Global Alliance For Food Security, Targets Agripreneurial Boom
The Lagos State Government, through its Ministry of Agriculture and Food Systems, is spearheading a transformative initiative to bolster food production and ensure long-term sustainability. In a strategic collaboration with the Danish Embassy in Nigeria and other key stakeholders,…
