Japan PM Takaichi defends $135bn stimulus package
Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.
Category : Search result: electricity debt
Stakeholders Seek Urgent Fix for Nigeria's Power Grid
Industry leaders warn Nigeria's power infrastructure needs immediate upgrade as states decentralize electricity market. Regulatory harmony and investment crucial for energy stability.
Reps Launch Probe Into Power Sector Failures
The House of Representatives vows to fix Nigeria's electricity crisis, launching a major investigation into 17 years of sector failures and proposing a new bill to combat energy theft.
Four jailed for vandalising EEDC facilities in Ebonyi
Four men have been sentenced to four years in prison for vandalising EEDC electricity equipment in Ebonyi State. The convictions highlight the ongoing battle against infrastructure vandalism.
Nigeria to earn $1bn from electricity exports
Nigeria plans to generate N1.49 trillion annually by exporting 600MW of electricity to 15 West African countries following successful grid synchronization tests. Full details on this energy breakthrough.
NASS Intensifies Bill to Combat Energy Theft in Nigeria
The National Assembly is strengthening a bill with stricter penalties to tackle energy theft and help DisCos recover huge government debts, boosting Nigeria's power sector. Read more.
Reps Probe 17 Years of Power Sector Investments
Nigerian House of Representatives launches a full-scale investigation into all power sector investments and reforms from 2007 to 2024, vowing to correct 17 years of failure.
IPMAN Warns of Fuel Crisis Over NMDPRA Debt Delays
IPMAN alerts Nigeria of potential fuel disruption as NMDPRA delays debt payments for over 3 years. Association seeks FG intervention while praising NNPC settlement.
Nigeria at Risk of Debt Crisis, Experts Warn
Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.
Court awards N20.7bn against petroleum marketer
A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.
Man Gets 16.9kwh for ₦2000 Under Band A Tariff
A Nigerian man's electricity receipt showing he received 16.90kwh for ₦2000 under Band A tariff goes viral, sparking reactions about possible price reductions or system glitches.
Top DisCos Collect ₦565bn in Electricity Bills
NERC report reveals Eko, Ikeja, and Abuja DisCos recorded highest bill collection rates in Q2 2025. Customers paid ₦565 billion amid metering challenges.
South Africa Hosts G20 Summit as US Boycotts Event
South Africa hosts crucial G20 summit focusing on debt relief for developing nations as US President Trump boycotts. Key discussions on climate financing and global inequality.
Chinese Property Executive Detained in Indonesia Over $138M Debt
Indonesian authorities detain Chinese property executive WZ wanted for $138 million loan default. The fugitive had been moving through Asian nations since August. Read full details.
NUEE Threatens National Blackout Over Staff Attack
Nigerian electricity workers threaten nationwide shutdown after police brutality in Imo State. Union demands immediate release of abducted staff and safety guarantees.
FG Plans 7000MW Power Boost to National Grid
Federal Government begins Siemens power project to add 7000MW to Nigeria's electricity grid, promising improved power supply nationwide while tackling estimated billing.
5 Vandals Arrested for Damaging TCN's Otukpo-Yandev Line
Local vigilantes in Benue State apprehend five suspects vandalizing TCN's 132kV transmission line. Critical infrastructure protection efforts yield success as community collaboration strengthens.
Gas Shortage Halts Geometric Power in Aba After 60 Days
Aba faces power outage after historic 60-day uninterrupted supply. Gas shortage from Heirs Energies disrupts Geometric Power operations. Learn how this affects Nigeria's industrial hub.
Senate okays N1.15trn loan for 2025 budget deficit
The Nigerian Senate has approved President Tinubu's request to borrow N1.15 trillion from the domestic debt market to fund the increased 2025 budget deficit. Read the full details and implications.
EEDC Resumes Free Prepaid Meter Distribution
Enugu Electricity Distribution Company resumes free prepaid meter distribution under MAF program. Over 13,000 Band A customers to benefit. Company warns against meter bypassing.
Lady Displays ₦214,000 Loan App Debt, Seeks Help
A Nigerian TikTok user shares her ₦214,000 debt struggle with loan apps, tracing financial woes back to 2020. Discover her story and similar experiences.
Nigeria's Electricity Customers Rise to 11.96 Million
Nigeria's active electricity customers increased to 11.96 million in August 2025, with a metering rate of 55.01%. Discover the latest NERC data and which DisCos are leading.
Electricity Union Decries Sacking of 800 AEDC Staff
The National Union of Electricity Employees condemns the retrenchment of 800 Abuja Disco staff, citing a breach of agreement and economic hardship. Calls for a full review.
68% of Nigerians bypass electricity meters - FG
Federal Government exposes massive electricity theft as majority of consumers illegally bypass prepaid meters, costing billions in revenue losses and threatening power sector stability.
Northern Industries Back 15% Power Tariff Hike
Major northern industrial associations endorse new electricity tariff, citing long-term economic benefits despite initial cost concerns for manufacturers and households.
Court freezes Indian businessman's assets over ₦9.5B debt
Federal High Court in Lagos issues restraining order against multiple banks from dealing with Indian businessman and his companies amid massive debt dispute with Nigerian firm.
Northern Industrialists Support 15% Electricity Tariff Hike
Major northern industrial groups endorse controversial electricity tariff increase, arguing it will stabilize Nigeria's power sector and attract critical investment despite consumer concerns.
Nigeria Sells $2.35B Eurobond to International Investors
The Federal Government of Nigeria has successfully raised $2.35 billion through Eurobond sales, attracting strong international investor confidence despite global economic challenges.
Obaseki Denies N600B Debt: 'Political Fiction'
Edo State Governor Godwin Obaseki vehemently denies allegations of leaving massive debt, calling it political propaganda. Get exclusive insights into the financial facts and the governor's explosive response.
House Scrutinizes Tinubu's N1.15T Loan Request
Nigeria's House of Representatives launches thorough investigation into President Tinubu's massive N1.15 trillion loan request amid growing economic concerns and national debt worries.
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