The federal government has unveiled a national energy master plan to address the challenges of energy facing the country. The documents: “National Energy Master Plan” and “National Energy Policy”, which were gazetted for strategic planning, coordination and implementation of national policies, were unveiled yesterday in Abuja by the Energy Commission of Nigeria (ECN). Director General […]
Israeli protesters blocked aid trucks headed for Gaza on Monday, strewing food packages on the road in the latest in a series of incidents that have come as Israel has pledged to allow uninterrupted humanitarian supplies into the besieged enclave. Four protesters, including a minor, were arrested at the protest, at Tarqumiya checkpoint, west of […]
Gunmen on Sunday reportedly killed 11 people, including a pregnant woman, in Ole’Adag’aklo village in Usha Council Ward of Agatu LGA of Benue State. Residents said the gunmen struck in the evening and unleashed mayhem on the inhabitants, killing 11 and abducting others. The Chairman of Agatu, Yakubu Ochepo, who confirmed the killings to our […]
President Bola Tinubu has directed the mandatory purchase of compressed-natural-gas-powered vehicles by all government ministries, departments, and agencies. The president said the directive is in furtherance of the country’s effort to transition to cleaner energy as CNG-enabled vehicles have been adjudged to produce lower emissions, even as they present a more affordable alternative for Nigerian […]
The Naira yesterday depreciated to N1,520 per dollar in the parallel market, from N1,470 per dollar last week Friday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,478.11 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,478.11 per dollar from N1,466.31 per dollar last […]
Bamboo Global Inc, an online brokerage firm, yesterday launched on its platform Nigerian stocks including blue chip corporations like Guaranty Trust Holding Company PLC, MTN, and Dangote Cement. In a statement, Bamboo said it is ensuring that retail investors will see the fastest trade settlement timelines and the most seamless dividend payment system available in the […]
Chairman, United Bank for Africa Plc, Mr. Tony Elumelu has called for increased focus on capital allocation and investment in innovation to drive improvement in global improvements. Elumelu, who is also the Founder, Tony Elemelu Foundation, TEF, made this call yesterday while speaking at the Abu Dhabi Health Forum in the United Arab Emirates. He said: […]
Abeokuta—Operatives of Ogun State Police command have launched a manhunt for a landlady, Bola Abiodun, and her husband, Sunday, who fled their Temidire community home in Ifo Local Government Area of the state after allegedly disposing their tenant’s body into a canal. It was gathered that the couple allegedly committed the crime at 12:05p.m., on […]
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hinted that the apex bank will keep interest rates high until inflation subsides by implementing orthodox policies. Inflation in Nigeria remains stubbornly high at 33.2 per cent, the highest in three decades, while food inflation is higher still at 40 per cent. Cardoso, in an […]
ABUJA — Organized Labour yesterday shut down the headquarters of the Nigeria Electricity Regulatory Commission, NERC, the Transmission Company of Nigeria, TCN, and Abuja Electricity Distribution Company, AEDC, headquarters over the recent hike in electricity tariff. Under the aegis of the Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, Organised Labour which […]
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