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By Seun Ibiyemi The Transmission Company of Nigeria (TCN) announced that the national grid experienced a significant disturbance this morning at approximately 11:29 AM, due to a sudden frequency spike from 50.33Hz to 51.44Hz. In a statement made available by the TCN’s General Manager of Public Affairs, Ndidi Mbah read that “the incident, which led ...
Governor of Oyo State, Engr. Seyi Makinde has approved a minimum wage of N80,000 for the State workforce. In a statement by the State Commissioner for Information and Orientation, Prince Dotun Oyelade, the Technical Committee set up by the State Government recommended and got approval from Governor Seyi Makinde for the implementation of the new ...
Project Director/CEO of the Presidential CNG Initiative, Engr. Michael Oluwagbemi jas revealed that the initiative has issued 65 new licences and converted over 100,000 vehicles within the past one year. In a statement yesterday, the PCNGi CEO said that since the launch of the initiative, the response has been positive as Nigerians are embracing and ...
…As Tinubu calls for stronger U.S.-Nigeria relations …Trump’s victory should inspire Nigeria to uphold electoral integrity – Atiku …Kamala Harris calls Trump to offer concession, emphasises importance of peaceful transition of power By Sodiq Adelakun World leaders, including Nigerian President Bola Tinubu and former Vice President Atiku Abubakar, have swiftly congratulated Donald Trump on his ...
As part of the strategies to increase Nigeria’s crude oil production and enhance revenue accruing to the national treasury, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated for a week in each year to be dedicated to signing final investment decisions (FIDs) on new oil and gas projects. The Executive Secretary, NCDMB, Engr. ...
…Signals policy overhaul to address emerging challenges, align with current realities The newly appointed Minister of Education, Dr. Tunji Alausa, has reversed the controversial 18-year age limit for admission into Nigerian tertiary institutions. The policy, which was set by the former Minister of Education, Prof. Tahir Mamman, was aimed at regulating the age of candidates ...
Dangote Petroleum Refinery and Petrochemicals has advised Pinnacle Oil and Gas Limited that deregulation should not be used as a justification for the importation of off-spec petroleum products or the undermining of Nigeria’s national interests. The refinery made this statement in response to remarks by CEO of Pinnacle Oil and Gas Limited, Robert Dickerman, concerning ...
…Tinubu’s decision to release protesters driven by compassion — VP Shettima …Ali Ndume calls for compensation for wrongfully arrested minors, not rehabilitation Kano State Governor, Alhaji Abba Kabir Yusuf, on Monday, has assured the public of a smooth reintegration process for the 73 minors released from detention following their involvement in the August #EndBadGovernance protests. ...
The national power grid experienced another partial collapse on Tuesday, marking the ninth time that the country has been plunged into darkness. According to data from the Nigerian System Operator’s portal (niggrid.org), power generation dropped to an unprecedented zero megawatts from 2:00 pm, affecting all 22 operational generation companies (GenCos) nationwide. This latest blackout is ...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has introduced an SME card to deepen customer value and empower entrepreneurs. This move further reiterates its unwavering commitment to increase its investment in cutting edge technology and training to support the growth of Small and Medium scale Enterprises (SMEs) in Nigeria and across Africa which ...
President Bola Tinubu on Monday directed the immediate release of all minors who were arrested over their alleged participation in August’s #EndBadGovernance protests. The Minister of Information and National Orientation, Mohammed Idris, announced this to State House correspondents during an emergency briefing at the Aso Rock Villa, Abuja. Idris said, “The President has ordered the ...
The Office of the Accountant General of the Federation (OAGF) has stated that it has not issued any directives for workers to change the salary accounts registered on the Integrated Personnel and Payroll Information System (IPPIS). The OAGF made its position known in a statement issued yesterday by the Director of Press and Public Relations, ...
…Calls for end to ‘shambolic’ policies amidst rising economic hardship …Tea-plan or T-pain: Former Vice President jabs at Tinubu’s strategies …Advocates for lower taxation to spur economic growth By Sodiq Adelakun In a reprisal attack on President Bola Ahmed Tinubu, former Vice President Atiku Abubakar has reiterated his claims that the 2023 presidential election was ...
Credit ratings agency, Fitch, has projected that non-performing loans of Nigerian banks will increase in 2024 on the back of high interest rates and inflation in the country. The agency stated this in its latest credit ratings report on Nigeria where it affirmed the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a ...
...As protesters demand Kyari’s resignation By Seun Ibiyemi No fewer than 20,000 protesters on Monday stormed the Nigerian National Petroleum Company Limited (NNPCL) towers in Abuja, demanding the accountability on $4billion (N6.4 trillion) spent on Port Harcourt refinery, Warri Refinery and Kaduna refinery and the immediate resignation of Group Chief Executive Officer Mele Kyari. The ...
...Welcomes new ministers, urges collaboration in tackling challenges ...Describes previous debt ratio as “end of the cliff,” vows to eradicate scavenging, smuggling By Seun Ibiyemi President Bola Tinubu provided a brief evaluation of his administration’s performance over the past 17 months on Monday, noting that he has successfully increased funding to lower the nation’s debt ...
Ogun State Governor Prince Dapo Abiodun has stated that the recent National Bureau of Statistics (NBS), which listed the state among the best in Internally Generated Revenue (IGR) in the country has proved that the state is amongst the few states that can survive without federal allocation. Speaking during the public unveiling and commissioning ...
…Says ‘trial and error’ approach will only lead to more hardship …Warns overkill reforms will lead to business collapse …Proposes $10bn economic stimulus fund for MSMEs, calls for robust reform agenda to prevent business collapse By Sodiq Adelakun & Babatunde Opoola, Abuja Former Vice-President Atiku Abubakar has criticised President Bola Tinubu’s economic policy, describing it ...
Minister of Power, Oloye Adebayo Adelabu, Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa and the Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen Buba Marwa have confirmed their participation at the NewsDirect Man of the Year, Exemplary Leadership and Good Governance awards. The award ceremony which will hold ...
…Set to resume work as FG pledges to pay withheld salaries By Sodiq Adelakun The Non-Academic Staff Union of Educational and Associated Institutions (NASU) and the Senior Staff Association of Nigerian Universities (SSANU) have announced the suspension of their nationwide indefinite strike, which was prompted by withheld salaries. The suspension will take effect on Tuesday, ...
…Says rights of protesters to liberty, freedom of expression, peaceful assembly violated …Warns that arbitrary detention discourages citizens from exercising human rights The Socio-Economic Rights and Accountability Project (SERAP) has given President Bola Tinubu a 48-hour deadline to ensure the release of all #EndBadGovernance protesters, highlighting the plight of 32 children reportedly detained in poor ...
Nigeria’s Artificial Intelligence (AI) ambitions has received a major boost with a N2.8 billion grant from Google. This latest investment comes after the Minister of Communications, Innovation & Digital Economy, Dr Bosun Tijani had recently come under fire for announcing a N100 million fund from Google to support 10 Nigerian entrepreneurs. This latest grant from ...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has set the wheels in motion to expand its operations in the Middle East with plan ongoing to open a subsidiary in Saudi Arabia, its largest economy. This move which is expected to happen within the next year will mark the bank’s second subsidiary in the ...
