Power Minister Adebayo Adelabu Apologises to Nigerians, Promises Quick Resolution to Electricity Challenges

Nigeria’s Minister of Power, Adebayo Adelabu, has issued a public apology to citizens over the ongoing electricity challenges affecting homes, businesses, and industries across the country. Speaking at a press conference in Abuja, the minister acknowledged the hardship caused by the disruptions, particularly as the country experiences intense heat during the dry season. He expressed…

CBN Named Global ‘Central Bank of the Year’ 2026 Amid Major Economic Reforms

The Central Bank of Nigeria has been recognised on the global stage after clinching the prestigious “Central Bank of the Year” award at the 2026 Central Banking Awards, marking a significant milestone in the country’s financial recovery journey. The award, announced by the Central Banking Awards Committee, highlights the bank’s sweeping monetary and structural reforms…

FG Approves Dualisation of Bodo–Bonny Road to Strengthen Connectivity in Niger Delta

The Federal Government of Nigeria has given the green light for the dualisation of the Bodo–Bonny Road, a major infrastructure project expected to significantly improve connectivity between Bonny Island and the mainland. The announcement was made by the Minister of Works, David Umahi, during a recent inspection tour of ongoing projects in the South-South region….

Oyo Workers to Receive ₦10,000 Monthly Salary Boost as Makinde Moves to Ease Fuel Price Pressure

In a move aimed at softening the economic strain caused by rising fuel costs, Seyi Makinde has approved a temporary salary increase for workers across Oyo State. The initiative will see employees receive an additional ₦10,000 monthly for an initial period of three months, beginning in April. The announcement was made in Ibadan, the state…

Namibia Rejects Starlink Licence Application, Citing Regulatory Process

Namibia has declined an application from Starlink to operate its satellite internet services within the country, marking another regulatory hurdle for the fast-expanding global provider. According to a notice published in the government gazette on March 23, the application for both a telecommunications service licence and access to radio spectrum was rejected by the Communications…

Nigeria’s Power Crisis Deepens as DisCos Record ₦2.4 Trillion Losses in Two Years

Nigeria’s electricity challenges are worsening, with power distribution companies recording massive financial losses that are further destabilising the already fragile sector. Recent data from the Nigerian Electricity Regulatory Commission shows that electricity distribution companies, commonly known as DisCos, lost a combined ₦2.349 trillion between 2024 and 2025 due to persistent billing inefficiencies and weak revenue…