General
Nigeria to Commission Siemens Power Transformers
By Adedapo Adesanya
The federal government is set to commission some of the 10 planned power transformers in the first phase of the collaborative Siemens Power Project under the Presidential Power Initiative (PPI) amid continued efforts to improve Nigeria’s power structure.
Originating from discussions held in 2018 between former President Muhammadu Buhari and German Chancellor, Ms Angela Merkel, the PPI strives to help the power industry attain financial independence through promoting investments in critical infrastructure.
By addressing transmission and distribution limitations, the initial phase of the program plans to boost capacity to 7GW.
Despite significant delays, the project aims to enhance operational grid capacity by another 4GW to achieve a total of 11GW in the second phase. The ultimate goal is to increase end-to-end grid operational capacity to 25GW in phase three.
According to the Minister of Power, Mr Adebayo Adelabu, three out of 10 mobile substations had been successfully installed.
The Minister highlighted that an additional seven mobile substations are set to be installed, emphasizing that the next step of the PPI will focus on enhancing the capacity of the transmission network.
“It will involve upgrading existing transmission substations, upgrading transformers and the re-conductoring and installation of transmission lines,” he said.
He mentioned that the Zungeru power plant has successfully linked to the national grid and is currently undergoing a technical handover from consultants to a concessionaire during a one-year defect liability period. This process aims to swiftly address any potential issues that may arise.
Upon completion of the metering gap, Mr Adelabu emphasized that the primary goal of the Presidential Metering Initiative (PMI) is to annually deploy a range of 2 million to 2.5 million meters over the next five years.
Mr Adelabu emphasized that the recent tariff adjustment will result in the federal government saving N1.5 trillion. Last week, the Nigerian government removed subsidies for about 15 per cent of Nigerian electricity consumers as part of efforts to save costs and boost investment in the sector.
However, it was clarified that the government continues to provide subsidies to customers from Band A to E who get less than 20 hours of electricity.
“Pricing change will help improve liquidity to the NESI. Distribution Companies (Discos) will be sanctioned for supplying less than 20 hours to Band A consumers,” he said.
General
Dangote Unveils Phone Number to Report MRS Stations Selling PMS Above N739
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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