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...As FG targets 150mw additional generation by year end Minister of Power, Adebayo Adelabu has assured that ongoing partnership with Siemens under the Presidential Power Initiative (PPI) will boost the stability of the Power grid upon completion of the project. The Minister gave the assurance while speaking with State House correspondents after a meeting between ...
Nigeria’s National Grid collapsed for the 12th time this year on Wednesday. The latest incident happened around 2.09 pm, plunging Nigerians into darkness again. Since January 2024 until date, the grid has collapsed 11 times. Within one week in October, the grid collapsed three times. A tweet from the official handle of Nigeria’s National Grid, ...
Dangote, one of Nigeria’s leading conglomerates, has been named NewsDirect Business Leader of the Year, winning the prestigious “Most Preferred and Admired Brand (Manufacturing)” award at the 14th Nigerian NewsDirect Lecture and Award Ceremony. The recognition highlights its remarkable achievements and contributions to the country’s economic development, celebrating Dangote’s innovative leadership, expansion into diverse sectors ...
...ICPC saved FG over N10bn in 2024, recovered N50bn since 2019 — Chairman By Seun Ibiyemi The Federation Account has witnessed a 45 percent increase in revenue since President Bola Ahmed Tinubu assumed office. This is according to Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu. Speaking at a ...
By Matthew Denis Justice Maryann Anineh of the Federal Capital Territory (FCT ) High Court, Maitama, Abuja, on Tuesday, December 10, 2024 has refused to grant bail to former Kogi State governor, Yahaya Adoza Bello remanding him at the Kuje Correctional centre till 2025. The Judge noted that Bello’s bail application was filed prematurely and ...
By Sodiq Adelakun Lagos State Governor, Babajide Sanwo-Olu, on Monday officially commissioned the Abiola-Onijemo Link Road and Bridge in the Ifako Ijaiye Local Government Area. The new road project establishes an essential link between the Abiola/Ajayi/Ogba and Obawole/Iju-Ishaga communities, aimed at easing traffic congestion and promoting economic activities. While announcing the commissioning on his verified ...
Borno Governor, Professor Babagana Umara Zulum has presented the 2025 Budget, tagged the ‘Budget of Recovery and Continuity,’ with a total sum of N584.76 billion aimed at consolidating the state’s developmental strides. The budget prioritises health, education, and economic recovery, alongside critical investments in security, infrastructure, and social services. The budget comprises a Capital Expenditure ...
…Says cross-border cooperation critical in tackling terror group ...Stresses need for military to step up efforts in fighting terrorism In the effort to tackle insecurity in Nigeria, the Chief of Army Staff, Lieutenant General Olufemi Oluyede, has reassured Nigerians that the Lukarawa terror group, infamous for its deadly activities in the northwestern region, will soon ...
By Umar Akilu Majeri Dutse Governor Malam Umar Namadi on Monday signed into law the long-awaited Jigawa State Electricity Regulatory Commission Bill. The legislation, which was passed by the State House of Assembly, establishes a dedicated regulatory body to oversee electricity generation, transmission, distribution, and supply within the state. The signing ceremony took place at ...
The Nigerian equities market began the new week on Monday, December 9, 2024 with a loss, as investors lost N62bn at the end of the trading session on the floor of the Nigerian Exchange Group (NGX). This was a result of the dip in the share prices of stocks like NSLTECH, Guineains, and Deapcap amongst ...
The Governor of Osun State, Senator Ademola Adeleke, has refuted allegations that his administration has led to an increase in the state’s debt. Responding to claims on Sunday, Governor Adeleke stressed that his government has not borrowed any funds since he took office in 2022. He further highlighted that between December 2022 and June 2024, ...
The 14th Anniversary and Award Ceremony of NewsDirect Newspaper, held at the Oriental Hotel in Lagos on Friday, brought together high-profile leaders from across Nigeria to celebrate outstanding achievements in governance, business, and public service. The event, themed “Achieving Economic Prosperity: The Role of Human Capacity Development, Fiscal Prudence, and Revenue Generation,” honoured notable figures, ...
...As Showunmi alleges lopsided appointment responsible for pushback against reforms Secretary to the Government of the Federation ( SGF), Senator George Akume has stated that President Bola Ahmed Tinubu has not lost the goodwill of Nigerians noting that the President will occupy the highest seat till 2031. The SGF made this known on Sunday during ...
…pledges to propel the State to prosperity Borno state Governor, Professor Babagana Umara Zulum, has been awarded as the 2024 Governor of the Year (Nationwide) by Nigerian NewsDirect newspaper. The prestigious award was presented during the 14th Nigerian NewsDirect Lecture and Award Ceremony, held on Friday, December 6, 2024, at the Oriental Hotel, Lagos. Themed ...
…reiterates commitment to leave behind legacy of growth and prosperity Ogun State Governor, Prince Dapo Abiodun has emerged as the NewsDirect newspapers 2024 Man of the Year. The Governor was presented with the award during the 14th Annual Lecture/Award ceremony of the Nigerian News Direct Newspaper with the theme," Achieving Economic Prosperity: The Role of ...
The 14th Annual NewsDirect Anniversary and Awards Ceremony, scheduled for today at the Oriental Hotel in Lekki, Lagos State, is set to be an evening of recognition and celebration of individuals with high pedigree and organizations that have demonstrated outstanding leadership, innovation, and dedication to public service. This year’s awards ceremony will not only commemorate ...
Over N3 billion has been disbursed to 54,000 women under the Individual Livelihood Grants of the Nigeria For Women Project, a statement by the Ogun State Deputy Governor, Engr. Noimot Salako-Oyedele, has revealed. Speaking during the flag-off of the Livelihood Collective Operational and the handing over of Livelihood Collective Groups to the Ministry of Women ...
Chairman of Heirs Holding and United Bank for Africa (UBA) Plc, Mr Tony Elumelu has disclosed how collaboration with security forces in the country have helped the oil subsidiary of the group to reduce losses to oil thieves from 97 percent to 10 percent. Elumelu made these known while delivering the graduation lecture at the ...
...Invites Governors against bill to participate in public hearings By Seun Ibiyemi Senate President Godswill Akpabio has clarified that the four tax reform bills sent by President Bola Tinubu to the National Assembly have neither been suspended nor withdrawn. Akpabio responded to criticism from state governors opposed to the bills, urging them to present their ...
By Omobolaji Adekunle, Abeokuta Ogun State Governor, Prince Dapo Abiodun, has presented the 2025 Appropriation Bill, which totals N1,054,542,020,147.47. The budget allocates N453.56 billion for recurrent expenditure and N600.98 billion for capital expenditure. This ambitious budget was delivered before members of the State House of Assembly, with the Governor highlighting a significant focus on infrastructural ...
The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have reviewed the agreement on the Nigerian Content Community Contractors Financing Scheme. The two government organisations signed the reviewed agreement at the ongoing 13th Practical Nigerian Content (PNC) Conference and Exhibition holding at the NCDMB Conference Centre in Yenagoa, Bayelsa State. ...
By Seun Ibiyemi The Nigerian Senate has suspended action on the tax reform bills and constituted an ad-hoc committee that would engage with the federal government to resolve the contentious areas in the bills before further legislative action. The deputy Senate president, Barau Jibrin, who presided over the plenary session on Wednesday, announced that the ...
Zenith Bank Plc has emerged as ‘Bank of the Year, Nigeria’ in The Banker’s Bank of the Year Awards 2024. The award, which was announced by The Banker Magazine, Financial Times Group, United Kingdom, during the awards ceremony held in London on December 4, 2024, is in recognition of the bank’s strong management, sound business ...
