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Tariff Gap Persists as Power Subsidy Hits ₦418bn Despite Market Reforms

The Federal Government incurred a subsidy obligation of ₦418.79 billion in the fourth quarter of 2025, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). In its 2025 Q4 report, NERC stated that the total amount invoiced by Generation Companies (GenCos) for energy supplied to Distribution Companies (DisCos), alongside the Differential Remittance […]

Court Adjourns El-Rufai Bail Hearing to April 14, Drops Co-Defendant

The Kaduna State High Court on Monday adjourned the hearing of a bail application filed by former Kaduna State governor, Nasir El-Rufai, to April 14, 2026. El-Rufai appeared before the court amid tight security as proceedings continued in a case instituted against him by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over […]

Jilli Airstrike: Yobe Govt, Buratai Defend Operation as NAF Probes Civilian Casualties

The Yobe State Government and a former Chief of Army Staff, Lt.-Gen. Tukur Buratai (retd.), have defended the recent military airstrike on Jilli market, describing the area as a known terrorist stronghold, even as the Nigerian Air Force (NAF) launched an investigation into reports of civilian casualties. The Yobe State Government clarified that Jilli, the […]

INEC Defers Nationwide Voter Revalidation Until After 2027 Elections

The Independent National Electoral Commission (INEC) has postponed the proposed nationwide voter revalidation exercise until after the 2027 general election. Mr. Mohammed Haruna, INEC National Commissioner and Chairman of the Information and Voter Education Committee, disclosed this in a statement on Friday. Mr. Haruna, who did not state the reasons for the postponement, said the […]

LIRS Extends Tax Filing Deadline to April 21

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual income tax returns to April 21, 2026. Mr. Ayodele Subair, LIRS Executive Chairman, confirmed this in a statement issued on Saturday by Mrs. Monsurat Amasa-Oyelude, Head of Corporate Communications. Mr. Subair said the extension followed an earlier shift to April […]

Police Unseal PDP Secretariat, Rival Factions Clash Over Legality

The Nigeria Police Force has unsealed the Peoples Democratic Party (PDP) national secretariat, Wadata Plaza, in Abuja, granting access to a faction backed by the Minister of the Federal Capital Territory, Nyesom Wike. Factional National Chairman, Mr. Abdulrahman Mohammed, disclosed this in a statement issued on Saturday in Abuja by the National Publicity Secretary, Mr. […]

GenCos say N501bn bond signals investor confidence in power sector reforms

Power Generation Companies (GenCos) have said the N501 billion raised through a bond issuance in January underscores growing investor confidence in the Federal Government’s Presidential Power Sector Financial Reforms Programme (PPSFRP). The GenCos noted that the reform programme is designed to address the sector’s N3.3 trillion debt burden, which has long constrained operational efficiency and […]

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