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BREAKING: Abia State Governor Alex Otti has signed into law, the Abia State Electricity Bill which empowers the State to regulate its electricity market.

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Abia State Governor Signs Electricity Bill into Law

  • Abia State Governor Alex Otti signed the Abia State Electricity Bill into law, marking the beginning of enhanced energy regulation, investment protection, and power expansion in the state.
  • The bill prioritises renewable energy, establishes ASERA, and supports expanding the power grid to more LGAs.

Governor Alex Otti of Abia State has signed the Abia State Electricity Bill into law, marking a new era in energy regulation, investment protection, and power expansion within the state.

Speaking after the signing yesterday in Nvosi, Isiala Ngwa South Local Government Area, Governor Otti explained that the bill, which originated from the Executive, was quickly but thoroughly passed by the Abia House of Assembly.

“This law will protect the investments made by Aba Power and give the government the authority to regulate,” Otti said. “It is a law that will stand the test of time, safeguarding both current and future investors in the energy sector.”

The Governor highlighted that the bill benefited from the expertise of 15 international power experts from the United States, Canada, Southeast Asia, and Europe, who contributed their knowledge pro bono. He also noted that the state engaged the Nigerian law firm Banwo & Ighodalo to refine the legal framework before the bill became law.

Abia State’s electricity framework is unique, with a ring-fenced power system covering the Local Government Areas of Aba South, Aba North, Osisioma, Obingwa, Ugwunagbo, Ukwa East, Ukwa West, Isiala Ngwa South, and Isiala Ngwa North. The state’s integrated power initiative, led by Aba Power Ltd., covers generation, transmission, and distribution. It has been under development for two decades.

The Governor stated that the initiative is now a model for power infrastructure in Nigeria. With the new law, Otti said the government had begun efforts to extend the Umuahia Ring-Fence to include the remaining eight LGAs, ensuring stable electricity across the state.

The legislation also prioritises renewable energy, positioning Abia as a leader in sustainable power initiatives. Otti revealed that discussions with Geometric Power, the parent company of Aba Power Ltd., are ongoing to expand electricity distribution beyond Aba.

Plans are also in place to establish the Abia State Electricity Regulatory Authority (ASERA), which will help maintain efficiency and create a welcoming environment for investors.

Governor Otti commended the 8th Abia State House of Assembly for its thorough review and timely passage of the bill.

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Gov Uba Sani appoints Ben Kure as MD of KSMC

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Governor of Kaduna State, Senator Uba Sani, has appointed Ben Solomon Dalhatu Kure as the Managing Director of Kaduna State Media Corporation (KSMC).

Ibraheem Musa, Chief Press Secretary to the Governor, disclosed this in a statement at the weekend.

Kure replaced Ahmed Maiyaki, who has just been appointed the Commissioner for Information.

He is expected to build on Mr. Ahmed Maiyaki’s leadership, which has repositioned the media corporation.

Before this appointment, Kure served as the Chairman of Jaba Local Government from 2016 to 2017, Executive Secretary of the Kaduna State Emergency Management Agency from 2018 to 2019, and Special Adviser (Political Matters) to the Kaduna State Governor from 2019 to 2021.

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Nationwide fuel distribution: Dangote Refinery takes Delivery of CNG trucks

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Dangote Refinery has announced the delivery of its first shipment of compressed natural gas trucks to facilitate its nationwide premium motor spirit and automotive gas oil supply from August 15, 2025.

The 650,000-barrel-per-day refinery disclosed this in a statement by its spokesperson, Anthony Chijiena, on Sunday.

According to him, the refinery, the N720 billion worth investment scheme, is aimed at transforming Nigeria’s fuel distribution landscape by reducing logistics costs and enhancing supply efficiency for customers.

“The fleet of fuel tankers, being imported through Apapa Port, represents a significant capital investment estimated at N720 billion.

“The first consignment of trucks recently departed Apapa Port and was formally received at the refinery site in Ibeju-Lekki by the Vice-President of Oil and Gas at Dangote Industries Ltd., Devakumar Edwin,” the statement reads.

Recall that Dangote Refinery had announced that the fuel distribution scheme would cause a major shakeup in the country’s oil and gas downstream sector.

However, petroleum product retail outlet owners and the Natural Gas Suppliers Association of Nigeria have, in different forums, kicked against the scheme, saying it would result in massive job losses.

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Naira returns to appreciation against dollar as Nigeria’s external reserves swell

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The naira bounced back to appreciate against the dollar at the official foreign exchange market on Thursday as Nigeria’s external reserves continued to rise.

The Central Bank of Nigeria’s data showed that the Naira gained slightly at N1,533.73 against the dollar on Thursday from N1,534.44 traded on Wednesday.

This means that Nigeria’s currency marginally strengthened by N0.70 against the dollar on a day-to-day basis.

Meanwhile at the black market, the Naira remained flat at N1,565 on Thursday, the same exchange rate recorded the previous day.

The development follows the continued rise in the country’s external reserves, which stood at $39.99 billion as of 6th August 2025, up from $39.81 billion on the 4th of this month, CBN data showed.

Ekwutosblog reports that in the past four days, the Naira has recorded mixed sentiments of depreciation and appreciation against other currencies.

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