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The Nigerian Electricity Regulatory Commission has said that power distribution companies may begin to bear the cost of equipment used to repair faulty transformers and other transmission infrastructure replacements. It said if the measure is implemented, it will ensure Discos are more prudent and careful with the management of electricity infrastructure. This came as the Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, said that Nigeria […]

The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500 and N1000 bank notes. The spokesperson of CBN, Sidi Hakama disclosed this in a statement on Thursday. This comes amid speculations that the old Naira notes will cease to be legal tender from December 31, 2024. However, the apex bank clarified that the claim is false, stressing that all bank notes […]

Three persons have been confirmed dead after a helicopter ditched into the waters in Port Harcourt, Rivers State. Reports show that the accident occurred on Thursday, along the waterways in Port Harcourt. The helicopter was en route from Port Harcourt Military Base (DNPM) to the Nuimantan oil rig. A total of eight persons were on board, according to a spokesperson for the Ministry of Aviation and Aerospace Development, Odutayo Oluseyi. […]

The Managing Director and Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND) Akintunde Sawyerr, on Wednesday, revealed that the fund has disbursed over N10bn to successful applicants since the commencement of the scheme in August 2024. This is just as he dismissed the fears in some quarters that the student loan scheme may be discriminatory against some applicants. He stated this during a maiden meeting of NELFUND with […]

The Federal Government, through the Competition and Consumer Protection Commission (FCCPC) has revealed that grain hoarders and smugglers are responsible for the persistent hike in food prices in Nigeria. The Executive Vice Chairman of FCCPC, Tunji Bello, made this known at a town hall meeting with industry leaders, micro, small and medium enterprises, market heads, farmers, transporters, and service providers on Wednesday, in Kano. Bello stated that the FCCPC investigators […]

The Federal High Court on Wednesday convicted and sentenced a 41-year-old Canadian woman, Adrienne Munju, to 11 years in prison for importing 74 parcels of “Canadian Loud,” a potent strain of synthetic cannabis, weighing 35.20 kilograms into Nigeria. According to a statement by Femi Babafemi, spokesperson for the National Drug Law Enforcement Agency (NDLEA), Munju’s conviction followed her arraignment on a two-count charge before Justice Dehinde Dipeolu. She was arrested […]

The Presidency has made some clarification regarding President Bola Tinubu’s reshuffling of his cabinet. Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga stated that the ministers were not sacked but discharged of their duties. Five ministers were shown the way out while seven were appointed as Tinubu reshuffled his cabinet. The ministers include Uju-Ken Ohanenye (Women Affairs), Lola Ade-John (Tourism), Tahir Mamman (Education), Abdullahi Gwarzo (Minister of State for […]

The Federal Executive Council (FEC) on Wednesday, approved that the government obtain credit facilities of 443,330,781.49 euros and another 141 million US dollars from Financiers for the procurement of six fighter aircraft and ammunition for the Nigerian Air Force. This was disclosed by the Minister of Information and National Orientation, Mohammed Idris, while briefing State House correspondents at the end of the cabinet meeting, presided over by President Bola Tinubu […]

The Abia State Government has promised to play a major role in tackling the drop in crude oil production in Nigeria. Governor Alex Otti made this promise on Wednesday at his country home in Nvosi, Isiala Ngwa South LGA of the state when he received a delegation of the Defence Headquarters Joint Monitoring Team. Otti, who decried the drastic drop in crude oil production in Nigeria, said it formed part […]