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Enugu State Takes Control of Electricity Market as Regulatory Oversight Shifts from NERC to ESERC.
In a monumental development for Nigeria's power sector, the Nigerian Electricity Regulatory Commission (NERC) has officially transferred regulatory oversight of the Enugu…
EEDC Reports Total System Collapse in South-East Region, Begins Restoration Efforts
The Enugu Electricity Distribution Company PLC (EEDC) has declared a total collapse of power supply to its customers across the South-East zone early on Monday, April 15,…
NERC Directs DisCos to Downgrade Feeders with Inadequate Power Supply.
The Nigerian Electricity Regulatory Commission (NERC) has issued a directive to all distribution companies (DisCos) to automatically downgrade any Band A feeder that…
Enugu Cracks Down on Scavengers: Is Your Street Safe?
We're heading to Enugu, Nigeria, where the streets ain't paved with gold, but they might be littered with danger. Scavengers, the folks who collect scrap and waste, have become a…
NNPC Announces Major Milestone: Crude Oil Production Reaches 1.8 Million Barrels per Day
In a major boost for the Nigerian economy, the Nigerian National Petroleum Corporation (NNPC) has achieved a significant increase in crude oil production, reaching 1.8 million…
Nigerian Security Contractor Intercepts Vessel Transporting Illegal Crude Oil Cargo.
The Nigerian National Petroleum Company Limited (NNPC) announced on Monday that a suspicious vessel carrying a cargo of crude oil has been intercepted by private security…
Senator Ben Bruce Murray Preorders Alef, the First FAA-Approved Flying Electric Car, Envisions a Boundless Future.
Senator Ben Bruce Murray took to his Facebook page to share his exhilaration, announcing his preorder of Alef, the first-ever FAA-approved flying electric car.
In…
Urgent Recapitalization of Nigerian Banks Needed Amidst Naira Devaluation
In recent developments, the devaluation of the Nigerian naira against the United States dollar has ignited discussions on the pressing need to raise the capital…
Fuel Price Doubling in West Africa Disrupts Informal Sector and Economic Activity
West African nations have experienced significant upheaval on their roadsides as the price of cheap contraband petrol from Nigeria has abruptly doubled, causing…
IMF Approves $1.8 Billion in Loans to Aid Senegal’s Recovery and Protect Against Future Shocks
Washington, D.C. - The International Monetary Fund (IMF) has granted approval for approximately $1.8 billion in loans to Senegal, aimed at supporting the nation's…