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07

Nationwide blackout as national grid collapses again

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Nigeria was thrown into darkness Thursday as the national grid collapsed for the fourth time in 2024 just as Christians mark Good Friday today. According to sources from electricity distribution companies in Nigeria, the grid collapsed…

06

Bridging Energy Access Gap vital for Nigeria’s economic growth, says NNPCL Chief

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasized the critical importance of bridging the energy access gap to the creation of economic prosperity of the country. The Group Chief Executive Officer of NNPC Ltd, Mr.…

Court Dismisses Suit Challenging Ojukwu’s Will, Upholds Its Validity

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By Cosmas Chukwu The Enugu State High Court presided over by Justice A.O Onovo has thrown away for lack of merit, a suit initiated by the late Chief (Dr) Debe Odumegwu Ojukwu (who claimed to be the first son of the late Ikemba Nnewi, Dim…

05

FG invests $617million in Digital Economy and Creative Enterprise

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. Ministry of Arts, Culture and Creative Economy is a remarkable investment says Ayo Adeagbo Favour Ishember, The Special Assistant to the President on Arts, Culture,and Creative Economy, Ayo Adeagbo has described the formation of the…

Thursday, Mar 28

12

Ochanja Road, Fake News and Dangers of a Single Story

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By Christian ABURIME In 2009, the world-esteemed, multiple-award-winning Nigerian author Chimamanda Ngozi Adichie delivered a poignant TED Talk titled “The Danger of a Single Story”. In it, she cautioned against the perils of viewing…

Wednesday, Mar 27

22

FG to commence review of plans to end gas flaring by 2030

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By AKOR SYLVESTER-Abuja The Federal Ministry of Environment through the National Oil Spill Detection and Response Agency (NOSDRA) said it will commence the periodic review of the plans of International and indigenous Oil Companies to…

21

Tinubu Sets up Comprehensive Economic Coordination And Planning System For Nigeria

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In a strategic move to bolster the nation’s economic governance frameworks and ensure robust and coordinated economic planning and implementation, President Bola Ahmed Tinubu has approved the establishment of the Presidential Economic…

20

FirstBank concludes ‘WinBig Promo’, gives out N170m prizes to customers

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FirstBank concludes ‘WinBig Promo’, gives out N170m prizes to customers COMFORT EKELEME, Business Editor First Bank of Nigeria Limited has given out a total of N170 million in cash prize and recharge cards to its numerous customers in the…

19

NNPC Retail Limited Clarifies Price Adjustment Rumours

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The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide. This was contained in a statement signed by Olufemi Soneye ,Chief…

18

All On Additional £1Mn Support To MOPOMax To Advance Nigeria’s Clean Energy

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All On, has announced an additional investment of £1 million in Mobile Power, MOPO, a company offering innovative pay-per-use battery solutions to individuals and businesses with no or unstable power infrastructure in Sub-Saharan Africa.…

Nigeria To Mandate Oil Producers To Provide Crude For Domestic Refining

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The Commission Chief Executive, of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Gbenga Komolafe, is engaging oil producers in the country to ensure deployment of crude to local refiners as the country readies to boost…

17

Absence of Oil Magnate, Dr. Akindele, lawyer, stall defamation suit against Duport Midstream co-founder, Odusanya

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Chigozie Ikpo, Abuja The absence of the Managing Director and Chief Executive Officer (MD/CEO) of Duport Midstream Company Limited, Dr Akintoye Akindele, and his lawyer at a Lagos State High Court, on Wednesday, stalled the defamatory suit…

Eko DisCo redeploys Sanda, announces Momoh as the acting CEO

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The Eko Electricity Distribution Company (Eko Disco) has removed its Managing Director/ Chief Executive Officer (CEO), Mrs. Tinuade Sanda. The Board, in a statement, announced Mrs. Rekhiat Momoh as the acting CEO with effect. The acting…

Access Holdings profit rises by 300% to N612.49bn in 2023

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Access Holding’s a tier-one Nigerian lender reported a massive 300% surge in after-tax profit to N612.49 billion in its Full Year 2023 results, the last period for which late CEO, Herbert Wigwe was at the helms. Access saw growth at both…

14

LASG names MoneyMaster as payment partner for “Ounje Eko” programme

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The Lagos State Government has selected MoneyMaster Payment Service Bank Limited (MMPSB), a top player in the payment service banking system in Nigeria, as a collection and payment partner for its “Ounje Eko” food markets, a food price…

09

Insurance industry grows income to N1.003trn on back of enhance performance by oil, gas portfolio

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The Nigerian insurance industry continues to make appreciable progress with the industry’s Gross Premium Written cascading to N1.003 trillion for the fourth quarter of 2023. The industry’s regulatory authority; the National Insurance…

VFD Group mulls SplitXchange for alternative finance for creative industry

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COMFORT EKELEME VDF Group Plc has stressed the need for increased financing for the entertainment and media industry to boost foreign exchange earnings and economic development. The Managing Director of Splitar Limited, Mr Folagbade…

Tuesday, Mar 26

22

Gov Mbah signs bill establishing Teaching Hospital into law

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Gov. Peter Peter Mbah of Enugu State on Tuesday, signed the Enugu State University of Medical and Applied Sciences (SUMAS) Teaching Hospital Bill into Law. The News Agency of Nigeria (NAN) reports that SUMAS, built by the former governor…

CBN increases inter-bank interest rate by 200 basis points to 24.75%

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised Monetary Policy Rate (MPR) – inter-bank loan interest rate – by 200 basis points, to 24.75 per cent from 22.75 per cent on Tuesday. MPR is a short-term, often…

06

Terrorism financing: Sheikh Gumi not above the law, quizzed by security agencies — Information Minister

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.No ransom was paid to abductors of released Sokoto, Kaduna children, FG insists .Senate C’ttee lauds security agencies over rescue operations .As Tinubu approves Renewed Hope Infrastructure Development Fund The Federal Government on…

05

Gov Diri Appoints SSG, CoS, Two Others

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The Governor of Bayelsa State, Senator Douye Diri, has approved the appointment of Prof. Nimibofa Ayawei as Secretary to the State Government (SSG). He also named Dr. Peter Pereotubo Akpe as the Chief of Staff (CoS), at Government House. A…

10th House: Our success, failure dependent on monitoring, evaluation C’ttee oversight- Hon. Aguocha

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..Says Panel wrote to 50 Committees over quarterly reports Jonas Ezieke, Abuja The success or failure of the 10th House of Representatives is on the effectiveness or otherwise of the Monitoring and Evaluation Committee, Chairman of of the…

FG to build sustainable road infrastructure, saves over N300bn on design of 2nd Niger Bridge

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By AKOR SYLVESTER-Abuja The federal government has reiterated its commitment to building sustainable road infrastructure with effective design at the lowest possible cost. Minister of Works, Engr. Nweze David Umahi stated this during his…

Monday, Mar 25

19

Schneider Electric Unveils Groundbreaking Strategies for Data Center Sustainability and Scope 3 Emissions Management

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In a landmark move towards advancing environmental sustainability in the data center industry, Schneider Electric has released comprehensive insights and strategies to tackle the burgeoning challenge of Scope 3 emissions. As data centers…

18

MAN President says economic recovery dependent on deployment of policy stimulus

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COMFORT EKELEME The Manufacturers Association of Nigeria (MAN) has said that the nation’s economic recovery is highly dependent on the deployment of policy stimulus supported with a synthesis of domestic growth, export focused and…

Standard Chartered Launches the 5th edition of its Women in Tech programme to support Nigerian Female Entrepreneurs

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Standard Chartered Bank (Nigeria) Limited has launched the fifth edition of its SC Women in Technology Incubator, to support and promote the economic and social development of women in Nigeria through innovation or technology led…

Food Security: Traders hoarding foodstuffs not fair to Tinubu’s Government – Agric Minister

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Chigozie Ikpo, Abuja The Minister of Agriculture and Food Security, Sen. Abubakar Kyari has said that traders hoarding food commodities and engaging speculative trading are not fair to Tinubu’s Government which is intensifying efforts to…

Wike To Build High-Tech Rapid Response Centre For Security Agencies

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Favour Ishember, Abuja In a bid to stem the tide of criminality, the Federal Capital Territory Administration(FCTA) has declared its readiness to build a high technology security rapid response center for security agencies in the territory…

TETFFund spent over N23 billion to fund research across country Nigeria

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Favour Ishember, Abuja Worried by the non-existence of a national research and innovation funding agency in Nigeria, the Tertiary Education Trust Fund (TETFund) has so far spent over N23 billion on funding research across the country,…