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Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as the output of the hydropower plants tumbled by more than a third. The latest data obtained from the Nigerian Electricity System Operator showed that the power plants on the national grid generated 3,657 megawatts as of 6am on Sunday, down from 4156.7 megawatts on Saturday. A total of 2,792.6 megawatts of generation capacity was idle as […]

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, NSE Consumer Goods, NSE Lotus II, NSE Industrial and NSE Growth Indices, which declined by 1.68 per cent, […]

Vice-President Yemi Osinbajo has said Nigerian singers, Burna Boy and Wizkid, took the entertainment industry by storm, with their recent outings at the Grammy Awards. According to a statement on Sunday by his Senior Special Assistant on Media and Publicity, Laolu Akande, the Vice President spoke in a message delivered at the opening of a Lagos-based studio, Ogidi Studios, owned by the Temple Company. Osinbajo was further quoted as saying […]

The widow of Kobe Bryant has published the names of Los Angeles police officers who she said shared graphic photos of the scene of her husband's death in a helicopter crash last year. Vanessa Bryant is suing the police department for negligence and invasion of privacy. The Los Angeles police chief, in his response, said they will refrain from trying the case in the media Basketball star Bryant died with […]