State governments in Nigeria are gearing up to phase out electricity subsidies in their regions, following the approval of the Electricity Act 2023. The Nigeria Governors’ Forum has submitted a document to the Federal Ministry of Power, outlining the states’ intention to introduce varying electricity tariffs within their respective regions. This move is aimed at…
Nigeria’s imports have surged to a record high of N12.64 trillion in the first quarter of 2024, representing a 39.65% increase from the previous quarter and a 95.53% rise from the same period last year. The latest Foreign Trade Statistics released by the National Bureau of Statistics (NBS) reveal that fuel and food items led…
In a recent development that has stirred the Nigerian political landscape, Peter Obi, the 2023 Labour Party presidential candidate, has publicly challenged his party’s decision to create a directorate for the Obidient movement. This initiative by the Labour Party aims to integrate and streamline the activities of the Obidient movement within the party’s structure. “The…
FCT Minister Nyesom Wike has appealed to President Bola Ahmed Tinubu to name the 32km Guzape District Lot II Road after Chinua Achebe and another district road after J.P. Clark. This comes days after Wike requested that the Northern Parkway Road be named after Wole Soyinka. Nyesom Wike’s appeal aims to recognize the contributions of…
The Police Service Commission (PSC) has announced the appointment of Yahaya Sahabo Abubakar as the new Deputy Inspector General (DIG) of Police. Abubakar, who was previously the Assistant Inspector General (AIG) in charge of Zone 14 Katsina, will represent the North East in the Police Management Team. This appointment fills the vacant position left by…
The Nigerian Army (NA) has categorically denied allegations of mass killing in the South East region, dismissing the claims as “despicably false”. The allegations, made by Simon Ekpa, a self-acclaimed leader of the proscribed Indigenous People of Biafran terrorists, have been thoroughly investigated by the Nigerian Army with no evidence found to support the claims….
The Federal Government has launched the National Dairy Policy, a significant initiative designed to enhance the livestock and dairy sectors. Unveiled by Vice President Kashim Shettima in Abuja, this policy aligns with the government’s goal of achieving sustainable economic diversification as outlined in the National Development Plan (2021-2025). By introducing this comprehensive roadmap, the government…
The Transmission Company of Nigeria (TCN) has begun the process of restoring the national grid, commencing with the Shiroro Substation. Despite progress being slow, the Shiroro Substation has been partially restored, enabling the supply of power to the Katampe substation. This development follows a nationwide blackout that occurred yesterday, caused by the organized Labour’s planned…
Organised Labour in Nigeria has declared a nationwide indefinite strike, set to take effect at midnight on Sunday, June 2, 2024. The strike is a consequence of failed negotiations between Labour and the government regarding a new national minimum wage. Despite exhaustive efforts to resolve the impasse, no fruitful results were achieved, leading to the…
Geregu Power Plc, chaired by billionaire businessman Femi Otedola, has entered into a partnership with Siemens Energy to expand the capacity of the Geregu 1 power plant in Nigeria. This collaboration was formalized through a Memorandum of Understanding (MoU) signed in Berlin on Wednesday, May 29, 2024. The MoU aims to enhance sustainable, resilient, and…
