Uncategorized Archives - News Desk Nigeria

Court Affirms FCCPC’s Powers To Regulate Over N400bn Airtime Lending Market

NewsDeskNgJul 21, 2026July 21, 20260

Federal High Court upholds FCCPC’s authority to regulate digital consumer lending, clearing enforcement of airtime credit regulations nationwide. The Federal High Court in Lagos has delivered a judgement affirming the powers of the Federal Competition and Consumer Protection Commission (FCCPC) to regulate Nigeria’s digital consumer lending market, including airtime and...

FG, NASS Push Unified Power Regulation, NERC Rolls Out Grid Audit Rules

NewsDeskNgJul 21, 2026July 21, 20260

Federal Government and National Assembly back harmonised electricity regulation as NERC introduces mandatory five-year audits of transmission infrastructure. The federal government and the National Assembly have reaffirmed their commitment to ensuring seamless collaboration between federal and state electricity regulators as Nigeria transitions to a decentralised electricity market. Besides, the Nigerian...

11 Days To Deadline, Insurers Shun Mergers As Recapitalisation Race Intensifies

NewsDeskNgJul 21, 2026July 21, 20260

Insurance firms reject merger option, scramble to raise fresh capital as NAICOM’s recapitalisation deadline draws closer amid uncertainty. Just 11 days to the insurance sector’s recapitalisation deadline slated for July 31 by National Insurance Commission (NAICOM), none of the existing 60 insurance and reinsurance firms has considered merger and acquisition...

Oyedele: Tinubu Didn’t Borrow N80tn, Debt Surge Driven by FX, Legacy Liabilities

NewsDeskNgJul 21, 2026July 21, 20260

Finance minister says exchange rate changes, inherited liabilities and refinancing not fresh borrowing largely drove Nigeria’s rising public debt. The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, on Monday mounted a robust defence of President Bola Tinubu’s borrowing record, insisting that contrary to widespread public...

Court Clears FCCPC To Resume Digital Lending Rules

NewsDeskNgJul 20, 2026July 20, 20260

Court clears FCCPC to enforce digital lending regulations again, restoring oversight aimed at protecting consumers from unfair lending practices nationwide. The Federal Competition and Consumer Protection Commission (FCCPC) has resumed the implementation and enforcement of its Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025, after a Federal High Court...

Police Apprehend, Detain Four Officers Over Extortion Of ICPC Chairman In Abuja

NewsDeskNgJul 20, 2026July 20, 20260

FCT Police detains four police officers for allegedly extorting N53,000 from ICPC Chairman Musa Aliyu, during an illegal stop-and-search operation in Abuja. The Federal Capital Territory (FCT) Police Command has detained four police officers for allegedly extorting N53,000 from the Chairman of the Independent Corrupt Practices and Other Related Offences...

IPMAN Rejects New Fuel Import Licences, Warns Of Price Volatility And Naira Pressure

NewsDeskNgJul 20, 2026July 20, 20260

IPMAN opposes new fuel import licences, warning they fuel price volatility, weaken the naira and undermine local refining efforts. The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Sunday rejected the recent approval of additional import licences for petroleum products, stressing that apart from worsening price volatility, it was putting...

NERC: Nigerians Want Reliable Electricity, Not Regulatory Rivalry

NewsDeskNgJul 20, 2026July 20, 20260

NERC backs stronger federal-state coordination, saying Nigerians prioritise reliable electricity over regulatory disputes and institutional competition. The Nigerian Electricity Regulatory Commission (NERC) has thrown its weight behind the Minister of Power, Joseph Tegbe’s call for greater collaboration among operators in the Nigerian Electricity Supply Industry (NESI), stressing that Nigerians are...

FRSC Launches 12 Special Operations To Tackle Road Crashes Nationwide

NewsDeskNgJul 20, 2026July 20, 20260

FRSC deploys 12 intelligence-led operations nationwide to curb traffic violations, reduce crashes and improve road safety across Nigeria. The Federal Road Safety Corps (FRSC) has launched a nationwide Zonal Special Intervention Patrol (ZSIP), rolling out twelve intelligence-driven operations across its Zonal Commands to confront the most persistent causes of road...

Enugu Approves Major Road, Housing And Tourism Projects To Drive Economic Growth

NewsDeskNgJul 20, 2026July 20, 20260

Enugu approves road, housing and tourism projects, including a cable car and golf resort, to boost economic growth. In another major push for infrastructural transformation, the Enugu State Government has approved the commencement of several projects cutting across roads, tourism, housing, and administrative infrastructure in various parts of the state....