January 2026 – Page 206

Nigeria’s electricity accidents cause 149 casualties in 2025

08.01.2026

No fewer than 149 electricity personnel were killed or injured in electricity-related incidents across Nigeria’s power sector between the first and third quarters of 2025, according to the latest regulatory data. The casualties, comprising 83 fatalities and 66 injuries, highlight lingering safety challenges in the Nigerian Electricity Supply Industry and show that power-related accidents continue...

Gombe state begins regulating its own electricity market

08.01.2026

The Nigerian Electricity Regulatory Commission has formally transferred regulatory oversight of the electricity market in Gombe State to the Gombe State Electricity Regulatory Commission, in line with the amended Constitution and the Electricity Act 2023. The transfer, which took effect following an order issued by the commission, removes Gombe from NERC’s direct regulatory control over...

SIFAX targets expansion with new innovation strategy for 202

08.01.2026

SIFAX Group has opened the 2026 business year with a strong declaration of intent. This comes as the company rolled out an innovation-led growth strategy designed to enhance operations, accelerate technology adoption, and broaden its presence across West Africa. SIFAX announced this in a statement on Tuesday, signed by its Head of Corporate Communications, Olumuyiwa...

Leadway begins verification for African Alliance annuitants

08.01.2026

Leadway Assurance Company has announced the commencement of a comprehensive verification exercise for all African Alliance annuitants following the successful takeover of the African Alliance Insurance Annuity portfolio. In a statement on Monday, the insurance firm said that the validation process is the first step in the transition, designed to accurately identify all existing annuitants...

FG Defends Overlapping Budgets Amid BudgIT Concerns

08.01.2026

The Federal Government on Wednesday defended the re-enactment of the 2024 and 2025 Appropriation Acts, dismissing claims of constitutional breach and fiscal illegality, even as the accountability group BudgIT insisted that running overlapping national budgets remains a fiscal anomaly and undermines transparency and proper financial management. The Director-General of the Budget Office of the Federation,...

NLC Urges Govt to Review Wages and Tax Policies for Workers

08.01.2026

The Nigeria Labour Congress has called on the Federal Government to urgently address workers’ wages and review regressive tax policies, warning that continued delays and uneven compliance could deepen economic hardship for millions of Nigerians. The appeal was made on Wednesday by the President of the NLC, Joe Ajaero, during the 85th birthday celebration and...

OGIRS Urges Staff to Uphold Integrity for Revenue Growth

08.01.2026

The Executive Chairman of the Ogun State Internal Revenue Service, Olugbenga Olaleye, has charged the staff of the agency to remain focused on their duties and uphold integrity in order to improve revenue generation, curb leakages, and eliminate sharp practices. According to a statement signed by the Information and Public Relations Officer of OGIRS, Bola...

Why Payroll and VAT are Priorities

08.01.2026

The full implementation of Nigeria’s Tax Reform Acts ushers in a new era with serious implications for the private and public sectors. This analysis by OLUWAKEMI ABIMBOLA details the operational priorities for businesses seeking to avoid punitive measures A source of relief for salary earners, particularly those earning below N800,000 per annum, is the expectation...

NCS Launches Temporary Vehicle Permit for Int’l Travellers

08.01.2026

The Nigeria Customs Service has said it is commencing procedures for granting safe passage to personal vehicles temporarily imported or transiting through Nigeria by international travellers. In a statement on Wednesday, the National Public Relations Officer of the service, Abdullahi Maiwada, a Deputy Comptroller of Customs, explained that the initiative is anchored on the Nigeria...

Minister Tells NMDPRA to End Recurring Tanker Explosions

08.01.2026

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has urged the new Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Saidu Aliyu Mohammed, to prioritise ending the recurring tanker explosions across the country. In a statement on Wednesday, Lokpobiri stated that during a familiarisation visit to his office, he had...