The Federal Government has announced that it is currently reviewing the implementation process for a cost reflective electricity tariff, but stated that it would continue to subsidise power supply for vulnerable citizens in Nigeria. It also announced that it would unbundle the Transmission Company of Nigeria by separating Transmission services from System and Market operations […]
Read MorePresident Bola Tinubu has approved the immediate suspension and investigation of Ms Halima Shehu, the National Coordinator and Chief Executive Officer of the National Social Investment Program Agency over alleged financial malfeasance. With the suspension and investigation into the allegations, Dr Akindele Egbuwalo, the National N-POWER Program Manager, has been appointed in an acting capacity […]
Read MoreThe Nigerian Government, has suspended the Evaluation and Accreditation of Degree Certificates from the Republics of Benin and Togo until further notice. The suspension, which takes effect from the 2nd of January, 2024, was contained in a statement signed by Mrs. Augustina Obilor-Duru on behalf of the director of press and public relations of the […]
Read MoreNigeria’s Ministry of Steel Development said it has a goal to create over five hundred thousand (500,000) jobs for Nigerians within an operational steel industry before the end of President Bola Ahmed Tinubu’s administration. The Minister of Steel Development, Mr Shuaibu Audu, who made this known in his 2024 New Year message, stated that his […]
Read MoreNigeria’s President, Bola Ahmed Tinubu has signed the supplementary budget 2023, into law, which will now run until March 31st, 2024. The Speaker of the House of Representatives, Tajudeen Abbas made this known on at the Presidential Villa while speaking to Journalists on the recently signed bills and the 2024 Appropriation Act by President Bola […]
Read MoreThe Chairman of the BUA Group, Abdul-Samad Rabiu has said that the company would maintain its promise of selling cement at the price of N3,500 per bag from January 2024. Rabiu said this while speaking with State House Correspondents after a visit to President Bola Tinubu on Thursday in Lagos. He said the company would […]
Read MoreThe Central Bank of Nigeria (CBN) has assured depositors of the safety of their funds in Nigerian banks, reiterating the health of deposit money banks in the country. The apex bank, in a statement on Wednesday signed by its acting Director of Corporate Communications, Hakama Sidi-Ali, dismissed reports that the Federal Government will take over […]
Read MoreThe Home Finance Department of the Ministry of Finance, Budget and National Planning, Nigeria has received the sum of $5.6m from the World Bank to procure 21 items, which included office stationeries, furniture, solar inverter, office equipment, and vehicles. The approvals were made under the State Fiscal Transparency, Accountability and Sustainability project, which was initiated […]
Read MoreThe financial crisis in the electricity industry is hitting the Distribution Companies (DISCO) harder, as only a total of 504,729 meters were installed by electricity distribution companies between January and September 2023.The number of power consumers without meters across the country is now 7,117,167. Data obtained from the latest third quarter report of the Nigerian Electricity […]
Read MoreThe Central Bank of Nigeria (CBN), is investigating collusion between the banks and Point-of-Sale operators over the lingering cash scarcity in the country. The Apex bank in a statement titled, ‘CBN cautions banks, PoS operators over availability of the naira …Provides digital feedback box to address complaints’. The Bank said, “The attention of the Central […]
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