The Federal Government says plans were underway to offset the N4 trillion debt owed to the Power Generation Companies (GenCos) for electricity generated. Special Adviser, Strategic Communications and Media Relations to the Minister of Power, Mr Bolaji Tunji, told the News Agency of Nigeria (NAN) in Abuja on Tuesday that[Read More…]
President Bola Tinubu on Monday declared a national emergency on food security, urging expanded irrigation infrastructure and participatory water resource management nationwide. Tinubu made the declaration while opening the 6th African Regional Conference on Irrigation and Drainage in Abuja. He was represented by the Secretary to[Read More…]
The Nigerian Electricity Regulatory Commission, NERC, has descended hard on some Electricity Distribution Companies, DisCos over excessive billing of electricity consumers. Consequently, the regulatory agency has slammed Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola DisCos with a hefty fine of N628.03 million for non-compliance with its capping[Read More…]
Dangote refinery has announced a reduction in the price of his fuel to N865 following a drop in the price of crude oil in the global market. The new reduction is a N15 downward review from N880 per litre sold by the refinery on Wednesday. The[Read More…]
Independent National Electoral Commission (INEC) has finally turned down the request to recall Senator Natasha Akpoti-Uduaghan from the Senate. According to INEC, the petition did not meet the constitutional requirements outlined in Section 69(a) of the 1999 Constitution. INEC explained this today in a post on its official[Read More…]
President Bola Tinubu has removed the chairman, Nigerian National Petroleum Company Limited board, Pius Akinyelure, and the Group Chief Executive Officer, Mele Kyari. Tinubu also appointed Bashir Ojulari as Kyari’s replacement with immediate effect. Bayo Onanuga, Tinubu’s Special Adviser on Information and Strategy, announced the development in a statement he[Read More…]
The Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the Debt Management Office (DMO), Patience Oniha, who gave the information on Wednesday in Lagos, during “an all parties meeting” for the issuance[Read More…]
The Rivers Sole Administrator, Vice Admiral Ibok-Ete Ibas (Rtd), has assumed duty in the state. Ibas, in an interview with journalists in Government House, Port Harcourt on Thursday, said he would meet with the Head of Service, Permanent Secretaries, and Service Commanders to get formal briefings. Responding to his[Read More…]
The Senate on Thursday ratified the declaration of state of emergency in Rivers by President Bola Tinubu. The president had, on Tuesday in a nationwide broadcast, declared a state of emergency in Rivers. The declaration saw the suspension of the governor, his deputy and members of the state House[Read More…]
The Federal Road Safety Corps (FRSC) has confirmed that six persons died and 25 others were injured following a multiple crash under the Karu Bridge in Abuja on Wednesday. The Corps Public Education Officer, Olusegun Ogungbemide, said that the crash involved 18 vehicles, including two articulated vehicles, two[Read More…]
