This is because there are equipment from the surplus power market on the ground that can be deployed as fast as possible once a PPA agreement is executed, and the natural gas infrastructure can also be in place within the above stated period. Not only that, there are capable human resources to operate … [Read more…]
The clamour for power shift got a push on Sunday from former Head of State Gen. Yakubu Gowon, who called for zoning and rotational presidency among the six geo-political zones. Gen. Gowon said rotating the office is key to peace, tranquility and development. Besides, the elder statesman, who spoke in Abuja at 100th … [Read more…]
The United Nations Children’s Fund, UNICEF says no fewer than 26.5 million Nigerian Children do not have enough water to meet their daily needs and are experiencing high or extremely high water vulnerability. UNICEF in a statement to commemorate the 2021 World Water Day, said globally, more than 1.42 billion people – including … [Read more…]
Nigeria’s livestock sector has the potential to add N33tn worth of investments to the country’s economy, the Federal Government has said. Minister of Agriculture and Rural Development, Sabo Nanono, who said this to the media in Abuja on Saturday evening, stated that the Federal Government was working hard to ensure the release of this … [Read more…]
The Nigerian stock market extended its decline last week as investors lost N140bn. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.69 per cent to close the week at 38,382.39 and N20.08tn respectively. All other indices, however, finished higher with the exception of NSE Mainboard, NSE 30, NSE Insurance, … [Read more…]
Apex Igbo organisation, Ohanaeze Ndigbo, yesterday, said there was no going back on the push for a president of Igbo origin in 2023. It described the clamour for the president by Igbo as equity-inspired, adding that the Peoples Democratic Party (PDP) had betrayed Igbo in spite its long years of support to the party. … [Read more…]
According to recent figures on the Central Bank of Nigeria’s (CBN) website, on March 1, 2021 the external reserve was $34,998,144,389 but by March 16, it had shrunk to $34,475,618,425. Since January 25, 2021 when the reserve stood at $36,469,940,426.08 it has been on a steady decline to the current $34,475,618,425. In other words, … [Read more…]
The National Assembly chapter of the Parliamentary Staff Association of Nigeria on Thursday threatened to embark on an industrial action if the management of the federal parliament failed to implement the national minimum wage within two weeks. The workers action followed the expiration of their earlier 21-day ultimatum to the management which expired … [Read more…]
Independent National Electoral Commission (INEC), yesterday, tacitly endorsed 22 deregistered political parties to conduct primaries for the November 6 Anambra State governorship election. National Chairman of People for Democratic Change (PDC), Igwe Benjamin, who led the national chairmen of the 22 political parties to headquarters of the commission in Abuja, said the endorsement … [Read more…]
Governor Ifeanyi Ugwuanyi of Enugu State,yesterday, inaugurated the technology hub and youth innovation centres established by his administration to systematically prepare youths of the state to become competitive in national and global space, in line with the emerging digital economy. Inaugurating the centres located within the precincts of the Three-Arms-Zone, Independence Layout, Enugu … [Read more…]
All All Progressive Grand Alliance (APGA), yesterday, said it has not endorsed former Central Bank of Nigeria governor, Chukwuma Soludo, as APGA candidate for the November 6 governorship election. The party said it would conduct a free and fair primary for the November 6 governorship election which it described as inevitable. APGA … [Read more…]
Bankers have come under the searchlight of Economic and Financial Crimes Commission (EFCC) in the anti-graft agency’s new focus on infractions. More attention will also be devoted to cyber crime “which has become a big problem to this country”, EFCC Chairman AbdulRasheed Bawa said. Bawa spoke yesterday at the State House after … [Read more…]