Business

MAIN POWER PETITIONS, EERC, SEEKS SUSPENSION OF TARIFF ORDER Mainpower Electricity Distribution Company has filed a formal petition before the Enugu Electricity Regulatory Commission, The petition, dated 14th August, 2025, is a fallout of the tariff reduction order by the EERC, which took effect from August 1, 2025. The EERC had in the said order, reduced tariff for Band A …

TINUBU REMOVES 5% DUTY ON TELECOMS SERVICES The Executive Vice-Chairman of the Nigerian Communications Commission, Dr Aminu Maida, has confirmed that President Bola Tinubu has removed the 5 per cent excise duty on telecommunications services in the new tax laws, a move expected to ease cost pressures on subscribers. Speaking at an interactive session with journalists in Abuja on Tuesday, …

FIRST TIME IN 15 YEARS, BUDGET OFFICE UNDER TINUBU FAILS TO PUBLISH QUARTERLY PERFORMANCE REPORT The Bola Tinubu-led Nigerian government has shrouded its 2025 fiscal activities in opacity, particularly regarding federal expenditures. A review by SaharaReporters reveals that the usual channels through which the government reports on revenue spending have mainly become inaccessible. For example, the Budget Office’s budget performance …

HOW I DROPPED OUT OF SCHOOL.- BILLIONAIRE OTEDOLA Renowned billionaire and businessman Femi Otedola has revealed that his lifelong struggles with academics led him to abandon school and pursue a path in business. Otedola disclosed this in his newly released 286-page memoir, ‘Making It Big’, where he traced his humble beginnings and turbulent school years. Otedola also recalled being classmates …

OKONJO-IWEALA MEETS CBN GOVERNOR IN ABUJA ON TRADE ISSUES The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, on Thursday, August 14, 2025, hosted the Director-General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, at the Bank’s headquarters in Abuja. An X post by the nation’s apex bank on Thursday revealed this. Titled, “Discussing Trade Matters,” it wrote, …

, SCHNEIDER ELECTRIC, ENACTUS REWARD WINNERS OF ENERGY INNOVATION COMPETITION Schneider Electric, a global leader in energy management and automation, in partnership with Enactus, an international Non-Profit Organisation, have rewarded the winners of the 2025 edition of the Enactus Nigeria National Competition. Newspaper subscription bundles The Energy Innovation Challenge, which was competed among tertiary institutions students brought together over 33 …

TAKE ADVANTAGE OF FG’S N200BN FUNDS, MINISTER TELLS SOUTHEAST ENTREPRENUERS The Minister of Information and National Orientation, Mohammed Idris, has called on entrepreneurs in the Southeast to tap into the Federal Government’s ₦200 billion intervention funds to expand their businesses and promote locally made products. Idris made the appeal during a town hall meeting at the International Conference Centre in …

NISO INTERVENES IN EERC, EEDC DISPUTE OVER TARIFF REDUCTION The Nigerian Independent System Operator (NISO) on Wednesday stepped into the escalating dispute between the Enugu State Electricity Regulatory Commission (EERC) and the Enugu Electricity Distribution Company (EEDC) over the sharp reduction in electricity tariffs in Enugu State. This intervention follows EEDC’s reported reduction of the state’s power supply by up …

FG FUNDING 2024 CAPITAL BUDGET WITH 2025 REVENUE – DG BUDGET The Director-General of the Budget Office of the Federation, Dr. Tanimu Yakubu, said the federal government is funding the capital component of the 2024 budget using revenue accrued under the 2025 budget. Yakubu stated this in Abuja on Wednesday during a stakeholders’ engagement on the implementation of the 2025 …

TINUBU LAMENTS AJAOKUTA LINGERING CRISIS President Bola Tinubu has sounded the alarm that the lingering troubles of the Ajaokuta Steel Company had gone beyond an economic setback and had morphed into a dangerous sovereignty risk. Once touted as Nigeria’s industrial crown jewel, its decades-long paralysis now casts a shadow over the nation’s economic security and strategic independence, the President stated. …