EKEDC Denies Extorting Customers Over Ongoing STS 2-Meter Upgrade

The management of Eko Electricity Distribution Company (EKEDC) has denied extorting customers over the ongoing STS 2-meter upgrade. It insisted that the programme was free for its customers. The Federal Competition and Consumer Protection Commission (FCCPC), had on Wednesday warned the Distribution Companies, DISCOs to cease all activities related to the planned replacement of Unistar […]

Why FEC Approved Fresh $2.2bn Borrowing Plan For Nigeria- Finance Minister

The Minister of Finance, Wale Edun, has explained that the Federal Executive Council approved a fresh $2.2 billion borrowing plan for Nigeria to enable the country’s access to the international capital market for a combination of the Euro bond and SUKUK financing. Edun disclosed this on Thursday, while briefing journalists at the Presidential Villa. According […]

Naira Resumes Depreciation Against Dollar

The naira returned to depreciation against the dollar at the foreign exchange market barely 24 hours after respite. FMDQ data showed that the naira depreciated to N1,650.20 per dollar on Thursday from N1,645.45 exchanged on Wednesday. On the black market, the naira traded between N1,738 and N1,745 to the dollar on Thursday. This comes as […]

Three Candidates Step Down For Gov. Aiyedatiwa

Ahead of Saturday’s governorship poll in Ondo State, three gubernatorial candidates have stepped down for the candidate of the ruling All Progressives Congress, APC, Governor Lucky Aiyedatiwa. The Chief Press Secretary to Governor Ayedatiwa, Prince Ebenezer Adeniyan, confirmed on Thursday that Dr. Ajibola Falaye, Hon. Jenyo Ataunko, and Olaide Ibrahim of the Accord Party, the […]

President Tinubu Approves Establishment Of New Disaster Relief Fund

Vice President Kashim Shettima on Thursday announced that President Bola Tinubu has approved the establishment of a new Disaster Relief Fund to strengthen Nigeria’s humanitarian response system. Mr Shettima made this known at the launch of the Humanitarian Supply Chain Management – Partnership for Localisation Project at the Presidential Villa, Abuja. The vice president was […]

FG Secures $134m AfDB Loan To Support Farmers Boost Food Production

The federal government yesterday announced  a $134 million loan obtained from the African Development Bank (AfDB) to support farmers to enhance food production. Minister of Agriculture and Food Security, Abubakar Kyari who revealed the deal, stated that the loan  would play a crucial role in strengthening Nigeria’s food security drive. At the launch of the […]

Rivers: Court Reserves Judgement On Appeals

The Special Court of Appeal Panel established to adjudicate political cases in Rivers State has reserved judgment in the consolidated appeals contesting the judgment of Justice Peter Lifu of the Federal High Court in Abuja. The three-member panel of justices, led by Justice Onyekachi Otisi, stated that judgment in the appeals would be reserved after […]

EU Launches Initiative To Reintegrate 417,661 Out-of-School Children In Northwest Nigeria

The European Union (EU) has launched an initiative to reintegrate 417,661 out-of-school children in the northwestern part of Nigeria. This was disclosed by the consortium lead, Tobi Ransomed, at the official launch of the “Accelerating Basic Education and Livelihood Opportunities for Children and Youth in North West Nigeria” Program (ABEP), held in Dutse, the Jigawa […]

FEC Approves N47.8tn Nigeria’s Budget For 2025

The Federal Executive Council, FEC, on Thursday, approved a proposed national budget of N47.9 trillion for the 2025 fiscal year. Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu on Thursday. This was part of the Medium Term Expenditures […]

Crude Oil Production: We Have Reached 1.8m Barrels Per Day- NNPCL

The Nigerian National Petroleum Company Limited, NNPCL, has said it has reached the mark of 1.8 million barrels per day of crude oil production. The NNPCL made this announcement on Thursday, stating its readiness to hit the two million barrels per day target set by President Bola Tinubu by December 2024. It also disclosed that […]

“Why I Can’t Apologise To Falana, Falz”- VeryDarkMan

Ahead of the court hearing of a defamation lawsuit filed against him, popular social media critic, VeryDarkMan, a.k.a. VDM, has denied defaming human rights lawyer Femi Falana and his son, singer Falz. Media reports that in September, VDM shared a leaked audio in which crossdresser Bobrisky implicated Falz and his father. In the controversial leaked […]

Falana Knocks Wike Over Car, House Gifts To Judges

A human rights lawyer, Femi Falana, SAN, says it is wrong for the Minister of the Federal Capital Territory, Nyesom Wike to give judges houses and cars. Media recalls that Wike had in October flagged off the Design and Construction of 40 Judges’ Quarters in the Katampe District in the nation’s capital, Abuja, which has […]

Nigeria Customs Secured N28.1bn Worth Of Seizures In 2024- Adeniyi

The Comptroller General of Nigeria Customs Service, Bashir Adeniyi, said the service made N28.1 billion worth of seizures as of November 12, 2024. Adeniyi disclosed this in his remarks at the Comptroller General of Customs 2024 Conference in Abuja on Wednesday. According to him, the seizures indicate success in the service mandate in protecting both […]

Seplat Announces FG Approval For $1.3bn Acquisition Of MPNU

Seplat Energy Plc has announced that the Nigerian government has finally given consent to its $1.3 billion acquisition of Mobil Producing Nigeria Unlimited (MPNU) assets. The oil company disclosed this in a statement released on Wednesday through its official X account. Seplat said that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed the consent […]

NNPC, Dangote Refinery Secure Gas Sale Agreement

The Nigerian National Petroleum Company Gas Marketing Limited, a subsidiary of Nigerian National Petroleum Company Limited, has secured a gas sale and purchase agreement with Dangote Petroleum Refinery and Petrochemicals. The agreement, signed by the Managing Director of NGML, Justin Ezeala, and the President of the Dangote Group, Aliko Dangote, was received at the Corporate […]

Beggars Could Be Terrorists’ Informants- Wike

Minister of the Federal Capital Territory, Nyesom Wike has justified the recent clamp down on beggars in the city of Abuja. Media recalls that the Minister had in October this year, “declared war on beggars because Abuja is returning to the beggar’s city”. His action attracted condemnation from those who believe that the move was […]