Business
Tinubu Approves ₦3.3 Trillion to Clear Power Sector Debts
President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme.
The debt repayment plan followed the final review of the legacy debts that have beset the power sector for more than a decade.
The long-standing debts accumulated between February 2015 and March 2025. Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution.
Implementation has begun, with 15 power plants signing settlement agreements totalling ₦2.3 trillion. The Federal Government has already raised ₦501 billion to fund these payments. Out of the amount, N223 billion has been disbursed, with further payments underway.
What this means for Nigerians: With payments reaching the power value chain, generation will be more stable. With power plants supported, electricity reliability will improve.
And as the sector stabilises, more investment, more jobs, and better service will follow.
“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector — ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” explained Olu Arowolo-Verheijen, Special Adviser on Energy to President Tinubu.
“It is part of a broader set of reforms already underway — including better metering and service-based tariffs that link what you pay to the quality of electricity you receive.
“The government is also prioritising power supply to businesses, industries, and small enterprises — because reliable electricity is critical to creating jobs, supporting livelihoods, and growing the economy.
“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” she added.
President Tinubu has commended all stakeholders who supported efforts to resolve the legacy issues in the power sector. He has also confirmed that the next phase (Series II) will begin this quarter.
The post Tinubu Approves ₦3.3 Trillion to Clear Power Sector Debts appeared first on Business Today NG.
Nigerian Exchange Group has intensified its investor education drive through a digital engagement initiative aimed at improving financial literacy and deepening retail participation in the Nigerian capital market.
The Group recently hosted an X Space session themed “Follow the Fundamentals: A Beginner’s Guide to the Stock Market,” reaching over 5,000 users, largely young Nigerians, first-time investors, and retail market participants seeking to better understand investment opportunities in the capital market.
Featuring social media investment influencer, Omiete Inko-Tariah, alongside representatives from Nigerian Exchange Limited and NGX Regulation Limited, the session demystified key concepts around market operations, investor protection, and safe participation. Beyond education, it served as an open forum where retail investors engaged directly with market stakeholders on issues of confidence, transparency, and accessibility.
Speaking on the initiative, Clifford Akpolo, Head, Group Communications and Partnerships at NGX Group, said: “Deepening retail participation is critical to building a more resilient, inclusive, and sustainable capital market. At NGX Group, we believe financial literacy is not just an educational responsibility, it is a strategic imperative for strengthening investor confidence, improving market accessibility, and expanding long-term wealth creation opportunities for Nigerians. Through digital platforms like this, we are leveraging innovation to connect with the next generation of investors and democratize access to market knowledge.”
The initiative forms part of NGX Group’s broader sustainability agenda under its Community pillar, which focuses on advancing financial literacy, inclusion, and economic empowerment through education-driven and stakeholder-focused programmes.
Following the success of this edition, NGX Group plans to sustain similar engagements as part of its ongoing commitment to strengthening investor confidence, deepening retail participation, and building a more resilient and inclusive investment ecosystem.
The post NGX Advances Investor Education Drive with Digital Retail Engagement Initiative appeared first on Business Today NG.
Business
FAAN announces additional health screening measures, enhanced Ebola surveillance at Nigerian airports
The Federal Airports Authority of Nigeria (FAAN) has assured travellers and other airport users that enhanced health surveillance measures have been activated across the country’s international airports following renewed Ebola concerns in parts of Central Africa.
In a statement issued on Wednesday, FAAN said the measures were introduced in collaboration with Port Health Services, the Nigeria Centre for Disease Control and Prevention (NCDC) and other relevant agencies to strengthen preparedness and prevent possible health risks.
According to the authority, surveillance and passenger monitoring have been intensified, particularly for travellers arriving from high-risk regions.
“Passengers are being screened for symptoms associated with Ebola, and any suspected case will be promptly isolated and subjected to secondary health checks in line with established national and international health protocols,” the statement said.
FAAN noted that additional emergency response procedures have also been reinforced while airport personnel have undergone increased sensitisation as part of precautionary efforts.
The authority stressed that there is currently no confirmed Ebola case in Nigeria but said it remains vigilant in safeguarding public health and ensuring safe airport operations.
“FAAN remains vigilant and fully committed to safeguarding public health and maintaining safe airport operations,” the agency stated.
READ ALSO: FAAN nabs four unauthorised persons at Akure airport
Passengers were also advised to remain calm, cooperate with health screening procedures and report any symptoms to health officials at the airports.
The development comes as health authorities across parts of Africa continue to monitor Ebola-related concerns and strengthen border surveillance to prevent cross-border transmission.
Nigeria’s aviation and health authorities have previously activated similar emergency screening measures during periods of global and regional disease outbreaks, including the COVID-19 pandemic and earlier Ebola scares.
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