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Flooding Triggers Force Majeure: TCN Shuts Down Oworonshoki Substation, Lekki Facility at High Risk
The Transmission Company of Nigeria (TCN) has declared a force majeure on its Oworonshoki 132/33kV and Lekki 330/132kV transmission substations following severe flooding triggered by persistent rainfall across Lagos, raising fresh concerns over electricity supply to thousands of customers in Nigeria's commercial capital. The declaration, announced...
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BOI Appoints Kuramo Capital to Manage $170.6m iDICE Fund of Funds
The Bank of Industry (BOI) has appointed Kuramo Capital Management as the fund manager for the $170.6 million iDICE Fund...
World Bank Releases $27 Million To Reward Nigerian Reforms
Twenty Nigerian states are set to receive a combined $27 million from the World Bank under a performance based funding...
Nigeria Leads Africa Despite Weak Global Competitiveness Ranking
Nigeria has emerged as the top performing African country in economic performance according to the 2026 World Competitiveness Ranking released...
DisCos Generate ₦801bn Revenue Despite Nigeria’s Persistent Grid Failures
Nigeria's electricity distribution companies (DisCos) generated a combined ₦801.16 billion in revenue during the first four months of 2026, underscoring...
Top Stories
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Federal Government Targets N2.5 Trillion Independent Revenue in 2026
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CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Breaches
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DisCos Generate ₦801bn Revenue Despite Nigeria’s Persistent Grid Failures
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NCDMB to Launch New Trainer Certification for Oil and Gas Professionals in July
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Dangote Refinery, Congo’s National Oil Company Explore Long-Term Energy Partnership
Technology
Lagos Secures Permanent Rail Licence, Ending NRC’s 128-Year Monopoly
The Lagos State Government has secured a permanent rail operating licence from the Nigerian...
