Following the Enugu State Electricity Law signed by Governor Peter Mbah and the recent constitution of the Enugu State Electricity Regulatory Commission, ESERC, by the Mbah Administration, the Nigerian Electricity Regulatory Commission (NERC) has, in a historic move, formerly transferred the regulatory oversight of the Enugu State electricity market to the state agency effective May … [Read more…]
Justice Ayokunle Faji of the Federal High Court in Lagos, on Monday, discharged and acquitted the former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, from alleged N8,537,586, 798.58 billion fraud case. Justice Faji cleared Akpobolokemi and an employee of NIMASA, Josphine Otuaga, of the 22-count charge of conspiracy, conversion, and … [Read more…]
The Inspector General of Police, Olukayode Egbetokun, has opposed the establishment of State Police, saying the country was not ripe for it. Egbetokun stated this during a one-day dialogue on state policing, themed, ‘Pathways to Peace: Reimagining Policing in Nigeria’ on Monday. He stated that the establishment of state Police would exacerbate ethnic tension, leading … [Read more…]
The attention of Ohanaeze Ndigbo has been drawn to the headline trending in various print and social media that “Ohanaeze Ndigbo and a Yoruba Group asked the Economic and Financial Crimes Commission (EFCC) to tread softly by way of respecting the subsisting court order restraining it from arresting the immediate past Governor of Kogi State, … [Read more…]
The Rivers State House of Assembly has once again vetoed Governor Fubara and enacted an amendment to the Rivers State Local Government Law. The latest veto is coming on the heels of five previous vetoes during which the Assembly has overridden the governor to enact laws. The Assembly members gathered in the Hallowed Chamber by … [Read more…]
The federal government has concluded plans to launch and deploy Compressed Natural Gas (CNG) vehicles for mass transit, starting this May, as part of activities marking President Bola Tinubu’s one year in office. Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement, yesterday. Onanuga said while considering buses and tricycles … [Read more…]
The federal government is expecting a fresh $2.2 billion single-digit interest loan from the World Bank and another budget support facility from the African Development Bank (AfDB). The Minister of Finance, Wale Edun, disclosed this during a press briefing at the end of Nigeria’s activities at the World Bank/IMF Spring Meetings in Washington DC in … [Read more…]
Lucky Aiyedatiwa has won the Ondo All Progressives Congress (APC) governorship primary election, ending a voting process that started on Saturday. The Chairman of the election committee and the Governor of Kogi State Usman Ododo declared him the winner of the exercise in the early hours of Monday. ”I can confirm that the direct mode … [Read more…]
President Bola Tinubu has approved the appointment of the following Nigerian professionals to the Board of the Securities and Exchange Commission (SEC): (1) Mr. Mairiga Aliyu Katuka — Chairman (2) Mr. Emomotimi Agama — Director-General (3) Frana Chukwuogor — Executive Commissioner (Legal and Enforcement) (4) Mr. Bola Ajomale — Executive Commissioner (Operations) (5) Mrs. Samiya … [Read more…]
Enugu State governor, Dr. Peter Mbah, has disclosed that his administration is already engaging investors and developers in the power sector to set up electricity generation plants that will drive the state to achieve its target $30 billion economy from the $4.4 billion it met the economy in May 2023. The governor, who spoke on … [Read more…]
…Tasks Nigerians On Peaceful Coexistence Vice President Kashim Shettima has expressed optimism about the performance of Nigeria’s currency, the Naira, at the forex market, saying it will appreciate more as the dollar continues to crash. He said President Bola Ahmed Tinubu had to end fuel subsidy and ensure the unification of the multiple exchange rate … [Read more…]
I congratulate Tunde Onakoya @Tunde_OD on setting a new world chess record and sounding the gong of Nigeria’s resilience, self-belief, and ingenuity at the square of global acclaim. I celebrate this Nigerian Chess Champion and founder of Chess in Slums Africa for his rare feat, but especially for the reason driving this compelling demonstration of … [Read more…]