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    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

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    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

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    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    EFCC arrests 148 Chinese, 40 Filipinos, and 604 others in Lagos for crypto fraud:

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    Nigeria Confirms Imported Ebola Case in Abuja, Traces 44 Contacts

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    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

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    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

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    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

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    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

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    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

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    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

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    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NJC sacks two heads of court, suspends two judges, sets up panel

    Court Sacks Uzodimma as APC’s Imo West Senate Candidate, Declares Okorocha Primary Winner

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    EFCC arrests 148 Chinese, 40 Filipinos, and 604 others in Lagos for crypto fraud:

    EFCC Opens 2026 Recruitment Portal, Applications Close 1 November

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Buys 25% of Kenya Pipeline Company, Pledges $1.5 Billion Expansion

    Nigeria Confirms Imported Ebola Case in Abuja, Traces 44 Contacts

    Nigeria Confirms Imported Ebola Case in Abuja, Traces 44 Contacts

    China Sends Drones to Watch Keen Sword 27 as Russia Expands at Six Libyan Air Bases

    China Sends Drones to Watch Keen Sword 27 as Russia Expands at Six Libyan Air Bases

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    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
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    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Airtel Africa Releases Audited Financial Statements for Q1 2026

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    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Fidelity Bank Repays $400m Eurobond at Maturity

    Fidelity Bank Repays $400m Eurobond at Maturity

    Dangote Refinery Share Sale Closes Nearly Three Times Oversubscribed

    Dangote Refinery Share Sale Closes Nearly Three Times Oversubscribed

    Stanbic IBTC launches a rights issue worth ₦N148.7 billion on the NGX Invest platform.

    Stanbic IBTC Fixes ₦159.86 Reference Price for 2026 Interim Scrip Dividend

    Transcorp Power’s nine-month profit falls 8.9% to ₦83.1bn as revenue drops 13.7%

    Transcorp Power’s nine-month profit falls 8.9% to ₦83.1bn as revenue drops 13.7%

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Guinness Nigeria Declares ₦7.00 Interim Dividend for 2026

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    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

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    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

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    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

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    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

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    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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Lawmakers pass bill to allow states in Nigeria supply their own electricity

Wednesday, 2 March 2022, 7:30 am
in News
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Rice importation ban: Bill prescribes life imprisonment for offenders
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Nigeria lawmakers on Tuesday passed a constitutional amendment bill that will allow state governments generate, transmit and supply electricity, a move that will break the monopoly of the federal government.

The bill which passed in the both the House of Representatives and the Senate is part of several amendment bills to 1999 constitution.

Both chambers voted and passed “A Bill For An Act to alter the provision of the Constitution of the Federal Republic of Nigeria, 1999 to allow States generate, transmit and distribute electricity in areas covered by the national grid; and for related matters.”

A Bill For An Act to alter the provision of the Constitution of the Federal Republic of Nigeria, 1999 to allow States generate, transmit and distribute electricity in areas covered by the national grid; and for related matters.

Ayes 298
Nays 2

Ayes have it.

— House of Reps NGR (@HouseNGR) March 1, 2022

The bill now has to be approved by the lawmakers in the 36 states in the country before it will be signed into law by the president.

Read also: Finally, Buhari signs amended electoral bill into law

Nigeria’s installed electricity generation capacity is estimated at 13,000 megawatts but only 7,500 megawatts is available. Meanwhile, less than 4,000 megawatts is distributed daily to the grids, in a country with over 200 million people.

Also a bill to allow independent candidates to contest in Presidential, Governorship, National Assembly, State Houses of Assembly and Local Government Councils elections was passed.

A Bill For an Act to alter the provisions of the Constitution of the FRN, 1999 to provide for independent candidacy in Presidential, Governorship, National Assembly, State Houses of Assembly and Local Government Councils elections;and for related matters
Ayes 269
Nays 28
Passed

— House of Reps NGR (@HouseNGR) March 1, 2022

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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