Lagos power plan sets blueprint for others
The Lagos Electricity Market plan of the Babajide Sanwo-Olu’s government seeks to provide a cheaper, cleaner alternative to inadequate grid power and could speed up industrialisation of the state. Analysts say other states wishing to set up their own power markets can model on it. Nigeria’s commercial capital currently generates an estimated 15,000 megawatts (MW) […]
Fuel Consumption Hits 80million Litres Daily, Subsidy Skyrockets
According to the most recent numbers provided by the Nigerian National Petroleum Corporation Limited, the usage of Premium Motor Spirit, often known as Petrol, has increased to nearly 80 million liters per day, increasing the subsidy on the commodity to an estimated N484 billion each month. An analysis of PMS weekly evacuation/dispatch data from March […]
Nigeria’s inflation rate under Buhari rises to 21.9% amid naira scarcity
The National Bureau of Statistics (NBS) report has shown that Nigeria’s headline inflation rate rose to 21.91% in February 2023 from 21.82% recorded in January of the same year. The NBS report obtained from its website showed that looking at the trend, the February 2023 inflation rate showed an increase of 0.09% points when compared […]
Nigerian police arrest female tenant for pulling landlord’s private parts till he died
A 50-year-old landlord in Ogun State, identified as Surulere Oladele, has been confirmed dead after one of his female tenants inflicted pains on his private parts during a disagreement on electricity bills. The 33-year-old woman identified as Ifeoma Ossai, has been arrested by the Nigerian police, following a report lodged at Sango Ota Divisional Police […]
NDLEA arrests Boko Haram terrorist, traditional ruler, 35 others for drugs trafficking
A rehabilitated ex-fighter of the Boko Haram terror group, Alayi Madu, and the traditional ruler of Kajola, a border community between Ondo and Edo states, Baale Akinola Adebayo, are among 37 persons arrested over 2.2 tons of illicit drugs seized by operatives of the National Drug Law Enforcement Agency, NDLEA at the Murtala Muhammed International […]
Governors Give Malami, Emefiele Ultimatum to Follow Supreme Court Order
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, have been given until Tuesday to abide by the Supreme Court’s ruling on the naira redesign policy after the State Governments sued the Federal Government over the policy. The state governments threatened […]
INEC Moves Governorship and State Assembly Elections to March 18
The Independent National Electoral Commission (INEC) has postponed the governorship and state houses of assembly elections by one week. The elections earlier scheduled for Saturday 11 March will now hold on Saturday 18 March, the commission said in a statement by INEC National Commissioner and Chairman, Voter Education and Publicity, Festus Okoye, in a statement […]
Stock Market Rises by N108bn on Interest in Dangote Cement and 17 Other Companies
Yesterday, increasing interest in Dangote Cement Plc and 17 other companies led to a N108 billion boost in the market capitalization, reviving investors’ optimistic emotions in the Nigerian Exchange Limited (NGX) stock market. The NGX All Share Index (ASI) rose by 197.20 basis points or 0.35 per cent to close at 55,801.14 basis points from […]
Police arrest woman for posting ‘names of married women Akwa Ibom Governor slept with’
A 37-year-old woman, Blessing Edet, has been arraigned before a Federal High Court in Abuja for allegedly defaming Governor Udom Emmanuel of Akwa Ibom. Edet, who was arraigned before Justice Ahmed Mohammed by the Nigerian police on six counts, however, pleaded not guilty. The Inspector-General of Police is the complainant in the charge numbered FHC/ABJ/CR/181/2021 […]
In a Car Crash, 10 Family Members Die Returning From a Wedding in Kano
On Sunday at around 5:00 p.m., while traveling to Kachia town from the village of Makyelli near Idon, a horrible accident occurred. A family of ten was killed in a car accident on the Kaduna-Kachia highway while they were traveling back from a wedding in Kano State. The victims, all male, were family members, among […]
