Operatives of the Economic and Financial Crimes Commission Enugu Zonal Command have arrested a Nigerian on the watch list of the American Federal Bureau of Investigation (FBI), Emmanuel Chidiebere in Orlu, Imo State. According to EFCC’s spokesperson, Wilson Uwujaren, the Nigerian is wanted by the FBI for conspiracy, wire fraud, and money laundering. The statement […]Read More
The Federal Executive Council (FEC) on Wednesday observed a minute silence for the victims of the Abuja-Kaduna train attack. The meeting which was presided over by President Muhammadu Buhari started at 10am with the Secretary to the Government of the Federation, Boss Mustapha calling for a minute silence. He said the attack led to the […]Read More
Some survivors of the Abuja-Kaduna train attack have recounted their ordeal and how they narrowly escaped the whiskers on Monday night. Daily Independent had on Monday night reported that some gunmen suspected to be terrorists bombed the Abuja-Kaduna rail tracks and attacked a train filled with passengers, leaving many dead and several people injured. The […]Read More
The Super Eagles of Nigeria have failed to qualify for the 2022 World Cup after losing on away goals to Ghana.Although the match ended 1-1 in Abuja Tuesday and 1-1 on aggregate, the away goal by Ghana secured the World Cup ticket for the Black Stars.Ghana qualified for the World Cup for a third time […]Read More
Nigeria’s gas production level is set to hit 1,780 billion cubic feet (bcf) in 2022, up from 1,450 billion feet in 2021, a new report from African Energy Chamber (AEC) has shown. The report noted that increased production will help Nigeria become a major player in gas supply to European countries. Nigeria has over 200 […]Read More
Background When Nigeria finished the privatisation of the then Power Holding Company of Nigeria Plc (PHCN) in November 2003, there was that Eureka moment all over the country, as the privatisation had been sold as the solution to all the issues bedevilling the electricity sector. Of course, most of us supported the effort, as we […]Read More
Lack of locally-denominated finance, and sufficiently long-term loans, are well-established hurdles to the development of photovoltaics in Africa the African Development Bank (AFDB) is addressing one of the key funding challenges for renewables across the continent by offering Nigerian clean power developers access to naira-denominated credit for up to 15 years. The second Solar Power in […]Read More
Abuja Electricity Distribution Plc (AEDC) has announced the appointment of Adeoye Fadeyibi as its new Managing Director/Chief Executive Officer. Fadeyibi, a turn-around manager with over 20 years executive management experience, succeeds Akinwumi Bada, who served as the company’s Interim Managing Director since last year and is now leaving to pursue other personal business aspirations. Prior […]Read More
National leader of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu, has proposed a seven-point agenda, which he said would revive the country’s troubled economy and drastically reduce its dependence on petro-dollars. The APC presidential aspirant said his desire to succeed President Muhammadu Buhari is to further improve the nation’s economy to the benefit […]Read More
The Federal Government, FG, has expressed optimism that the various funding arrangements amounting to about $4 billion it has put in place to boost power transmission capacity and other power infrastructure in the country would lead to improved power supply to Nigerians. Nigeria’s electricity supply in the past two weeks went through turbulent time, following […]Read More
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