Category: News
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The Federal Government says it needs $10 billion Public-Private-Partnership investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply. Minister of Power, Adebayo Adelabu disclosed this when the Director-General, Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh, paid him a courtesy visit. A statement on the visit…
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President Joe Biden and President-elect Donald Trump are meeting in the Oval Office, resuming a tradition that Trump himself disregarded in 2020. Biden spoke first and called for a smooth transition. Trump then said that politics is tough but that the transition will be smooth. They did not answer questions. Source: ABC NEWS
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Release: “Obsolete Meters”: Violation of Consumers Rights Will Have Stiff Consequences Pursuant to Sections 17(j), (l) (s), 116 (2), 124, 125, 138 and 155 of the Federal Competition and Consumer Protection Act (FCCPA) 2018 Wednesday, November 13, 2024: The Federal Competition and Consumer Protection Commission (FCCPC) notes with concern recent rumours that its directive to…
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The Edo State Governor, Senator Monday Okpebholo, has ordered for the immediate and indefinite suspension of collection of all revenues in Edo, especially in motor parks and others, until further notice. In a statement on Wednesday by his Chief Press Secretary, Fred Itua, Okpebholo also ordered the State Commissioner of Police to arrest anyone who…
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The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has said the level of corruption in the power sector would make people cry, News360 Nigeria reports. He put it this way: “As we speak, we are grappling with electricity. If you see some of the investigations we are carrying out within…
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The South African pay-TV operator MultiChoice Group disclosed that its Nigerian unit, MultiChoice Nigeria, lost 243,000 subscribers on its Digital Satellite Television (DStv) and General Entertainment on Television (GOtv) services from April to September this year. The company revealed these figures in its Interim Financial Results for the period ending 30 September 2024, which were…
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The International Monetary Fund (IMF) has highlighted property taxes as a crucial but under utilised revenue source for Nigeria and other low-income countries aiming to achieve sustainable growth. In a recent post on its blog, titled, “How Property Taxes Can Help Low-Income Countries to Develop,” the IMF suggested that effective property tax reforms, especially in…
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Ahead of his swearing in on Tuesday, Edo State governor-elect, Senator Monday Okpebholo, on Monday made his first appointment, naming Mr Fred Odianosen Itua as his Chief Press Secretary, CPS, News360 Nigeria reports. The new appointee, a cerebral journalist with The Sun newspaper, will head Okpebholo’s media team. Itua, who was the Director of Communications…
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Makurdi—The Middle Belt Forum, MBF, has urged President Bola Tinubu to rethink his economic policies, saying that the dual policies of removal of petrol subsidy and floating of the Naira have impoverished the masses and placed an enormous burden on Nigerians. The National President of MBF, Dr. Bitrus Pogu who spoke weekend in Makurdi said:…
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A 27-Year-Old Driver, Aliyu Mohammed, from Bida, Bida Local Government Area of Niger State, was arrested in Minna for allegedly stealing his boss’ Toyota Highlander with registration number LSR 102 GU from Lekki, Lagos. Niger State Police Command Public Relations Officer SP Wasiu Abiodun disclosed that Mohammed was caught following a tip-off. He explained that…