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NERC directed DisCos to refund N20.33 billion to customers within 12 months

The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity distribution companies (DisCos) to refund N20.33 billion to customers who paid for meters under the Meter Asset Provider (MAP) scheme but are yet to be fully reimbursed. In the new directive, the regulator instructed that outstanding amounts must be recovered and repaid in full to affected customers over a 12-month period …

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NGX: Equity markets continue to recover, investors gain N710 billion

The equity market continued to recover as investors gained N710 billion at the end of trading on Tuesday. This follows a surge in share prices, including shares such as Sunu Assurance, UACN and Oando on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 196,621.96 points from 195,514.23 points on the previous trading day. After five hours …

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VAT collections rise to N2.28tn in Q3 2025, NBS reports 10.66% quarterly growth

Value Added Tax (VAT) collections rose sharply to N2.28 trillion in the third quarter of 2025, reflecting an increase of 10.66 per cent compared with N2.06 trillion generated in the second quarter, the National Bureau of Statistics said. The new figures are contained in the 2025 Quarter III Sectoral VAT Distribution report which was released on the agency’s website, Tuesday. …

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Finance Minister Wale Edun is reportedly on doctor-mandated bed rest in Abuja

The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, is currently on medical rest in Abuja, a reliable source confirmed, following the announcement by the presidency that he would not lead the Nigerian delegation to the World Bank-IMF meeting in New York due to being “unwell.” According to sources who revealed the information after spending time …

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Wait until 2031 to become President, Umahi told Southeast

Minister of Public Works, David Umahi, has urged the South East region to be patient in their bid for Nigeria’s presidency, stating that it is not yet time to produce a leader of the country. Speaking to journalists in Abuja on Sunday, Umahi stressed the importance of justice and political continuity, and stressed that President Bola Tinubu must be allowed …

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SERAP tasked the new INEC chairman, Amupitan, with ending impunity for election violations

The Socio-Economic Rights and Accountability Project (SERAP) has urged Professor Joash Amupitan, the newly nominated chairman of the Independent National Electoral Commission (INEC) to “prioritize and ensure effective prosecution of politicians and their sponsors allegedly responsible for electoral violations, including violence, bribery, vote buying, conspiracy and undue influence during general and off-cycle elections since 2015.” SERAP urged him to “prioritize …

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STRIKE: ASUU will disband universities on Monday

Barring a last-minute ceasefire between the Federal Government and the Academic Staff Union of Universities (ASUU), the Union has decided to embark on a two-week warning strike starting Monday, October 13, 2025. ASUU took the stand following the expiry of the two-week ultimatum given to the government to meet their demands which was due to expire on Sunday evening, and …

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Top 10 stories from all Nigerian Newspapers, Sunday, October 12

Here are the top 10 news stories across the country. 1. Tinubu’s choice of Amupitan as INEC Chair revives debates on zoning, equity and national balance The appointment of Professor Joash Amupitan, SAN, as the new Chairman of the Independent National Electoral Commission (INEC) by President Bola Tinubu has sparked discussions around zoning, ethnicity and national balance, and presidential aide …

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