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FG’s 330kv/132kv transmission station to improve North West’s electricity access

10 power plants idle, generation sinks to 2,627MW

The Federal Government is currently constructing a new 330kv/132kv substation in Daura, Katsina State as part of its plan to strengthen and boost power supply to the North West region of the country. Speaking during a courtesy visit to the ...

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‘Mourners’ jostle for Uwajumogu’s seat in Senate

‘Mourners’ jostle for Uwajumogu’s seat in Senate

• Deceased wife, elder sister join race The jostle for the replacement of the senatorial seat hitherto occupied by the late Benjamin Uwajumogu, who on December 18, 2019 because of death, ceased to be a senator, has earnestly begun. He ...

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Tokyo 2020 Olympics could be postponed over coronavirus

• Japan’s minister speaks Japan’s Olympic minister says the Tokyo 2020 Games could be postponed from the summer until later in the year amid fears over the coronavirus outbreak. In a response to a question in Japan’s parliament, Seiko Hashimoto ...

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Wike inaugurates 17 perm secs as Rivers Assembly clears nine commissioners

Wike inaugurates 17 perm secs as Rivers Assembly clears nine commissioners

Governor Nyesom Wike yesterday inaugurated 17 new permanent secretaries in Rivers State. This comes as the House of Assembly screened and confirmed the nine commissioner-nominees whose names were submitted on Monday for clearance. The governor, while swearing in the permanent ...

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How Ihedioha’s appeal split Supreme Court

How Ihedioha’s appeal split Supreme Court

• Six justices dismiss suit to reclaim mandate • ‘We have no power to review any application’ • You’ve inherent power to do so, Justice Nwenze insists • ‘Courts should be stripped of power to impose candidates’ The tussle over ...

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Q4 2019 Real GDP Grows by 2.55% as COVID-19 Threatens Q1 2020 Growth Outlook…

ECONOMY: Crude Oil Prices Rise amid Gradual Relaxation of Restrictions, Cut in Global Supply…

Q4 2019 Real GDP Grows by 2.55% as COVID-19 Threatens Q1 2020 Growth Outlook…

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DG seeks SON’s return to ports to fight influx of substandard goods

DG seeks SON’s return to ports to fight influx of substandard goods

Director-General and Chief Executive Officer of Standards Organisation of Nigeria (SON), Osita Aboloma, has again urged the Federal Government to allow the agency to return to the ports to effectively curtail the influx of substandard products into the country. Speaking ...

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Opposition voices knock Gaidam over bill on Boko Haram

Opposition voices knock Gaidam over bill on Boko Haram

The lawmaker representing Yobe East Senatorial District and former governor of Yobe State, Senator Ibrahim Gaidam, is having a hard time convincing Nigerians, especially major stakeholders from the north and officials of the security forces that have been battling to ...

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Eagles should look beyond qualifying for AFCON, World Cup, says Amuneke

Eagles should look beyond qualifying for AFCON, World Cup, says Amuneke

• Dreams of coaching Nigeria in future  Former Super Eagles star, Emmanuel Amuneke believes the senior national team should by now be looking beyond qualifying for the African Cup of Nations and the FIFA World Cup, saying the country should ...

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Global sport heavily disrupted by coronavirus

Global sport heavily disrupted by coronavirus

The coronavirus is disrupting sport around the world with the Moto Grand Prix in Qatar and Thailand postponed, a host of football matches put off to a later date and increasing concerns surrounding the Tokyo Olympics later this year. The ...

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Nigeria faces harder times as OPEC mulls 2.7 million daily cut

Nigeria faces harder times as OPEC mulls 2.7 million daily cut

Nigeria’s vulnerable economy may face further challenges following plans by the Organisation of Petroleum Exporting Countries (OPEC) to reduce crude oil output by about 2.7 million barrel per day (bpd) in an attempt to save the market from the shocks ...

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Reps ask NEPC to target 35% non-oil exports

Reps ask NEPC to target 35% non-oil exports

The House of Representatives has asked the management of the Nigerian Export Promotion Council to redouble its efforts toward improving non-oil revenue. Chairman of the House Committee on Commerce, Mr Femi Fakeye, gave the charge in Abuja on Monday during ...

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Power distributors’ revenue collection rises to N473bn

Power distributors’ revenue collection rises to N473bn

The revenue collected by power distribution companies in the county hit a new record high of N473bn in 2019. The revenue collection in 2019 rose by N35bn or eight per cent, compared to that of 2018, a report obtained from ...

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Free trade zone loses N1 billion factory to fire in Cross River

Ayade faults lockdown, warns of economic consequences

The Calabar Free Trade Zone (CFTZ) has lost one of its pioneer companies, Jackson Devos, to a mysterious fire, destroying property and equipment worth over N 1 billion. The razed factory, according to engineers, is a pre-fabricated building imported from ...

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Anxiety as Supreme Court reviews verdict on Imo today

UK court dismisses Nigeria’s $1bn bribery suit against Shell, Eni

• Uzodinma, IPOB trade words over alleged imposition • I have done no wrong on Lyon, says Olanipekun There is anxiety in Imo State as the Supreme Court begins hearing today in the application for the review of its January 14 ...

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PDP congress: Stakeholders endorse Fayose’s choice

PDP congress: Stakeholders endorse Fayose’s choice

The Ekiti State Peoples Democratic Party chairmanship contest took a new turn on Saturday as elders and stakeholders in the party endorsed Bisi Kolawole, the anointed aspirant of former Governor Ayodele Fayose, for the position. They also endorsed the candidacy ...

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Reps probe $1bn spent on Tucano jets, others

Reps probe $1bn spent on Tucano jets, others

The House of Representatives has begun investigation into how the Federal Government spent the $1bn special security fund approved for it by the National Assembly. Part of the money was used to acquire 12 Super Tucano fighter aircraft from the ...

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It’s unpatriotic to sell rice above N15,000 –Minister

It’s unpatriotic to sell rice above N15,000 –Minister

The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said it is unpatriotic for rice producers to sell a bag of rice at above N15,000. Nanono said that with paddy rice sold at N8,500 and cost of processing ...

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Stock market down by 4.28%, highest in 47 weeks

Index slumps further by 3.51% as pandemic wreaks havoc on global economy

Nigerian stocks suffered the highest weekly loss since April 2019 as sell pressure dominated market activities on increasing regulatory pressures and  the first case of the Coronavirus confirmed in the country last week. Trading activities on the floor of the ...

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Uncertainty Clouds NIMASA As Dakuku’s Tenure Ends In Two Weeks

Buhari removes Peterside, appoints Jamoh NIMASA DG

· Northern cabals eye NIMASA DG slot · Freight Agents accuse FG of endorsing 10 days demurrage extortion By Kenneth Jukpor As the four years of Dr. Dakuku Peterside as the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) runs ...

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