In the third quarter of 2025, electricity Distribution Companies (DisCos) collected total revenue of N570.25 billion out of N706.61 billion consumers were billed, the Nigeria Electricity Regulatory Commission (NERC) has said. The amount translates to a collection efficiency of 80.70%, representing an increase of 4.63pp compared to second quarter 2025 (76.07%). These were some of the highlights in…
As a deliberate effort aimed at addressing the housing crisis in the shelter ecosystem, Nerz & Zadok Property Limited, a Lagos based real estate firm with over 15 years of proven industry experience, has unveiled its flagship housing project in Calabar, the Nerz Garden Estate. The estate, located at Idundu in Akpabuyo Local Government Area…
Key Questions and Answers on the New Tax Law 1. Which individuals does the Nigerian Tax Law apply to? It applies to all individuals who earn income in Nigeria — workers, traders, content creators, influencers, remote workers — and to Nigerians earning income abroad if they are tax residents in Nigeria. Will transfers and deposits into…
By Ovat Abeng Anambra State Government has constituted a caretaker committee for Emodi Shoe Dealers Association (ESDA) of Ochanja Market, Onitsha. The caretaker committee members are: Mr. Sunday C. Ezumezu – Chairman, Mr. Ikechukwu Egwim – Vice Chairman, Mr. Joseph Udeogu – Secretary, Sunday Nwuzor – Fin. Sec, Chinedu Aniagwu – Treasurer, Anayo Umeh –…
The Federal Government has opened subscriptions for two tranches of its Savings Bonds for the month of December, the Debt Management Office has announced. In a statement released Wednesday, the DMO said the offers include a two-year FGN Savings Bond due December 10, 2027, with an annual interest rate of 12.838 per cent, and a…
The Central Bank of Nigeria (CBN) has released fresh cash withdrawal rules that will take effect in January 2026. The move ends the special approval that once allowed individuals to withdraw N5 million and companies N10 million once every month. In the circular signed by the Director of the Financial Policy and Regulation Department, Rita…
The Walt Disney Company has secured a new multi-year distribution deal with YouTube TV, the company said on Friday evening. The deal will bring Disney’s marquee sports, news and entertainment programming back to subscribers with greater choice and value, the company said. As part of the deal, Disney’s full suite of networks and stations —…
Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements as of September 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group posted profit before tax of ₦900.8billion on the back of strong performance on the core earnings lines of interest…
By Ovat Abeng Chairman of EMOS Best Industries, Founder and Presiding Bishop of Life of Faith Gospel Assembly Ministries Inc, Bishop Dr Emmanuel Chukwuezugo Obiorah, has said one of the secrets of his success in life is his constant recourse to the way things were done in the past with the hope of gleaning knowledge…
By Ovat Abeng The Founder, President and Chief Executive Officer of Coscharis Group, Dr Cosmas Maduka, has given transparency, accountability, honesty, trustworthiness and decency as reasons why Nigeria banks are lending him money without demanding for a collateral in accordance with the banking law. Maduka disclosed this while mentoring Nigeria youths on how to be…
