The Nigerian Electricity Regulatory Commission has issued a directive to electricity Distribution Companies. They are to allocate a significant portion of their operating funds to capital expenditure. Starting from February 2027, up to 60% of their Non-Administrative Operating Expenditure is to be channeled into CapEx.
Further details about this directive are available from the source. The directive is set to take effect from February 2027, but additional information about its implications is not provided here.
The directive applies to Distribution Companies, which are required to comply with the new allocation rule for their operating funds.
Benue State Commissioner of Police, Cletus Nwadiogbu, says the Nigeria Democratic Congress, NDC, did not ask him to transmit a letter notifying him of Peter Obi’s visit to the state to Governor Hyacinth Alia. Speaking on Channels Television’s Lunch Time Politics programme on Thur...
By Omeiza Ajayi ABUJA: The Diocese of Okene, Church of Nigeria (Anglican Communion) in Kogi state, has barred members from burying their departed relatives immediately, insisting that a minimum period of two weeks must elapse before any burial arrangement is concluded. This is co...
Smart City FC have appointed Eddy Dombraye as head coach ahead of the new season, DAILY POST reports. Dombraye signed a one-year contract with the Lagos-based club. He is expected to resume pre-season preparations with immediate effect. Dombraye has been mandated to help the club...
President Bola Tinubu’s Special Adviser Information and Strategy, Bayo Onanuga, on Thursday charged opposition leaders to admit the President’s efforts in averting economic catastrophe. Onanuga said Tinubu’s economic reforms are not meant to make Nigerians suffer but to address t...
Nigerian media personality, Daddy Freeze, has stated that people don’t need to serve or worship God to become rich. Daddy Freeze stated this during an Instagram Live video on Wednesday night while reacting to Peller’s remarks at Pastor Tobi Adegboyega’s church in the UK. DAILY PO...
By Adegboyega Adeleye The Federal Government has paid the naira equivalent of $100,000 to each D’Tigress player, completing President Bola Tinubu’s promised presidential rewards for the team’s historic 2025 FIBA Women’s AfroBasket triumph. The National Sports Commission (NSC) con...
—Urge youths to shun political thuggery ahead of 2027 By James Ogunnaike, Abeokuta ABEOKUTA — The Ogun State Police Command has urged students to shun cultism, drug abuse, cybercrime, political thuggery and other criminal activities capable of jeopardising their future. The Polic...
The ASUSS national president has called for greater teachers’ collaboration with parents and government to improve Nigeria’s education sector and student w Read More: https://punchng.com/secondary-school-teachers-union-seeks-parents-govt-collaboration/...
The former governor of Anambra State and the presidential candidate of the National Democratic Congress (NDC) in the 2027 general election, Peter Obi, has assured that he would retain President Bola Tinubu’s naira float policy if elected. The post Peter Obi backs Tinubu’s naira f...
Nigeria’s First Lady, Oluremi Tinubu, arrives in Anambra for an official visit. She was received by Gov. Soludo and will launch the Food Bank Programme. Read More: https://punchng.com/photos-soludo-wife-receive-oluremi-tinubu-at-anambra-airport/...
Mastercard Crypto Credential will now enable all eligible Busha users as verified endpoints, enabling them to send and receive supported digital assets with greater confidence using their email or phone number instead of error-prone blockchain addresses Mastercard has partnered w...
…Spend hours in gridlock as LASTMA, TRACE deploy more personnel By Olasunkanmi Akoni LAGOS — Motorists and commuters plying the Lagos-Ibadan Expressway have continued to groan over severe traffic congestion following the commencement of repair works on the Kara Bridge. The two-we...
