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Essential Nigeria News

Sunday, September 20, 2026 Volume XXIII Breaking News & Latest Updates
NERC Dissolves Kaduna DisCo Board Over ₦456.5bn Debt Business

NERC Dissolves Kaduna DisCo Board Over ₦456.5bn Debt

The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of directors of Kaduna Electricity Distribution Plc (KAEDC) over severe financial, operational, and regulatory challenges.The regulatory intervention, which took effect on August 10, 2026, followed an inquiry into the comp...

By Esther August 10, 2026
Lagos Island Rents Soar as Two-Bedroom Apartments Hit ₦17.25m Business

Lagos Island Rents Soar As Two-Bedroom Apartments Hit ₦17.25m

Rental prices in some of Lagos Island’s most sought-after residential areas have continued to rise, with the average annual rent for a two-bedroom apa...

19 0
1 month ago
Global Stocks Rise as Weak US Jobs Data Eases Rate Fears Business

Global Stocks Rise As Weak US Jobs Data Eases Rate Fears

Global stock markets rose after weaker-than-expected United States jobs data eased concerns that the US Federal Reserve could maintain high interest r...

17 0
1 month ago
Nigeria’s Tax Revenue Hits ₦27tn After 113% Surge – Report Business

Nigeria’s Tax Revenue Hits ₦27tn After 113% Surge – Report

Nigeria’s tax revenue has climbed to ₦27 trillion, following a reported 113 per cent increase, highlighting the impact of ongoing reforms aimed at imp...

21 0
1 month ago
Customs Intercept 399 Rifles at Tin Can Island Port Business

Customs Intercept 399 Rifles At Tin Can Island Port

The Nigeria Customs Service (NCS) has intercepted a shipment containing 399 rifles at the Tin Can Island Port in Lagos, in a major seizure recorded du...

16 0
1 month ago