Business

NERC Transfers Regulatory Powers to Enugu, Ekiti, Ondo, Imo

The Nigerian Electricity Regulatory Commission (NERC) has successfully transferred regulatory oversight to four states—Enugu, Ekiti, Ondo, and Imo—marking a significant step in the decentralization...

FCT-IRS Demands Tax Returns from MDAs, Employers Within Three Weeks

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has issued a three-week ultimatum to Ministries, Departments, and Agencies (MDAs), as well as employers of...

Dangote, MTN, Other Nigerian Giants Abandon National Grid to Generate Own Power

As Nigeria continues to struggle with frequent blackouts, more than 250 manufacturers and academic institutions have taken drastic measures to abandon their respective power...

Access Bank Expands South African Operations with Bidvest Bank Purchase

Nigerian banking giant Access Bank is set to acquire Bidvest Bank, a move that will significantly bolster its presence in South Africa. The acquisition,...

Telecom Giants Request 100% Price Hike, Citing Economic Pressures

Nigerian telecommunications companies have proposed a 100% increase in service tariffs to the Nigerian Communications Commission (NCC) to offset rising operational expenses. Speaking during an...

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