News
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Power problem beyond our control – Benin DisCo
The Benin Electricity Distribution Company has said the power problem being experienced by its customers is beyond its control. The BEDC told its customers in Delta, Edo, Ekiti, and Ondo States that the reduction in supply hours was due to limitations in allocation from the national grid. Poor power supply…
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Missing Ogun banker found in Niger
A staff member of a Microfinance bank at Kemta Oloko, Abeokuta, Mr Olumide Openaike, who has been missing since Wednesday, January 17, has been found in Mokwa, Niger State. The wife of the banker, who also works at a microfinance bank in Onikolobo, Abeokuta, Temitope, broke the news to our…
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Killings: Super Eagles captain, Ahmed Musa, appeals for peace in Plateau
Captain of the Super Eagles, Ahmed Musa, has called for peace in his home state, Plateau, following the ongoing killings in the North Central state. Taking to his Instagram page on Thursday, Musa called for unity in the state. He wrote, “A heartfelt plea for peace in Plateau. Dear Plateau…
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Food prices rose in December 2023 – NBS
The National Bureau of Statistics (NBS) said prices of beef, rice, beans, onions, tomatoes, and other food items increased in December 2023. It said this in its Selected Food Prices Watch report for December 2023, released in Abuja on Wednesday. “On a month-on-month basis, 1kg of boneless beef increased by…
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Wike mobilises traditional leaders to strengthen fight against insecurity in FCT
FCT Minister, Nyesom Wike has enlisted the support of traditional leaders to strengthen the fight against insecurity in the federal capital. Wike said during a security meeting with the FCT Council of Chiefs and the chairmen of the six Area Councils in Abuja on Wednesday that the support was critical…
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Explosion in Abuja not related to bombing — Police
The Police Command in the Federal Capital Territory (FCT) said the explosion that occurred near a refuse dump outside the Bureau of Public Enterprise premises in the Maitama area of Abuja was not bomb-related. The Police Public Relations Officer in the FCT, SP Josephine Adeh, said this in a statement…
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W’Bank projects 3.7% growth for Nigerian economy 2025
The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued Growth, Multiple Challenges”, projected that the African largest economy will improve by 3.3 per cent up from a projected 2.9…
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FG projects N19.4tn revenue in 2024
The Federal Government has set a tax revenue target of N19.4tn for 2024. This is as the Federal Inland Revenue Service collected a record N12.37tn in tax revenue for the federation in 2023, surpassing the year’s target of N10.7tn. According to the chairman, FIRS, Dr Zacch Adedeji, the new target…
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EFCC investigates at least $347bn allocated to companies in Nigeria between January 2014 and June 2023
This came as fresh findings show that the anti-graft agency has extended its forex allocation probe to include some foreign firms operating in Nigeria. The local and foreign companies in Nigeria got at least $347.49 billion from the apex bank to service their foreign exchange needs and obligations within 10…
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Aliko Dangote faces toughest political challenge despite opening Nigeria refinery
After years of delay and cost overruns, the 650,000 barrels a day refinery in Nigeria owned by Africa’s richest man, Aliko Dangote, processed crude oil for the first time this month, marking the first operational step for a project he has dubbed a “game changer” for the country. The $20bn…