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1040 Results / Page 30 of 116
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BUSINESS

International consumers owe Nigeria $51m for electricity — FG

International consumers failed to remit about $51.26m to Nigeria for electricity exported from Nigeria to the power users in 2023, the Federal Government revealed in the latest industry data showing the non-remittances by the consumers. Also, another group of customers categorised as bilateral power consumers did not remit about N7.61bn to the Nigerian power sector in 2023. The Nigerian Electricity Regulatory Commission condemned the development, describing it as a payment […]

todayMay 27, 2024 23

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NEWS

TRAFFIC VIOLATION: FCTA Taskforce Confiscates 120 Commercial Motorcycles in Abuja City Center

By Toffa Momoh Furtherance to it's ongoing effort to enforce traffic regulations and maintain order in areas where commercial motorcyclists popularly called "okada" were restricted, a joint taskforce of the Federal Capital Territory Administration (FCTA), has confiscated about one hundred and twenty, (120) commercial motorcycles during a massive raid in Abuja city center and along the expressway, particularly the Kubwa axis. The team, comprising the FCT Directorate of Road Traffic […]

todayMay 22, 2024 54

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POLITICS

‘Osimhen thinking of EPL move’

Amid constant reports that Nigeria international, Victor Osimhen, will leave Napoli at the end of the season, Italian journalist, Paolo Esposito, believes the striker is already thinking about a move to the English Premier League. The striker was left out of the squad that faced Fiorentina last Friday night and according to the journalist, he could also be excluded when the former Serie A champions take on Lecce on the last […]

todayMay 20, 2024 14

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BUSINESS

Dangote petrol supply: FG may slash N6tn fuel import

•N520bn monthly fuel import expected to drop as Dangote begins supply June The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale of premium motor spirit as promised by the Chairman of the Dangote Group, Aliko Dangote. Dangote, while speaking at the Africa CEO Forum Annual Summit in Kigali, Rwanda on Friday, assured Nigerians that following the laid-down plans of […]

todayMay 20, 2024 17

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NEWS

One student dies as fire guts Anambra seminary school

One person died, and several properties were damaged when a fire broke out at the Bishop Crowther Memorial Seminary School, Awka, Anambra State capital. The cause of the fire has yet to be ascertained, but it was gathered that the incident occurred around 11.30 pm on Saturday. It was also gathered that the fire damaged the school’s hostel, including mattresses and other students’ belongings. The victim, a student who died […]

todayMay 20, 2024 29

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POLITICS

Iran vice president to replace Raisi ahead of election

Iran’s first vice president, Mohammad Mokhber, is expected to assume the presidency after Ebrahim Raisi’s death in a helicopter crash as the country gears up for early elections. The Iranian constitution stipulates that the first vice president take over “in the event of the president’s death, dismissal, resignation, absence or illness for more than two months”. Raisi, who died on Sunday along with Foreign Minister Hossein Amir-Abdollahian and other officials, […]

todayMay 20, 2024 21

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BUSINESS

Ex-senator calls for establishment of food intelligence agency

A former Senator, who represented Ebonyi Central Senatorial Zone, Emmanuel Onwe has called for the establishment of the proposed Food Intelligence Agency to support the recent Federal Government declaration of emergency in food production and security. Onwe made the call on Sunday in Enugu while briefing journalists on his Open Letter to President Bola Tinubu, titled, “Declaration of a State of Emergency on Food Security and ‘Commodification of the Naira […]

todayMay 20, 2024 12

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BUSINESS

Telcos paid over N2tn tax in 2023 – Report

Telecommunication companies paid N2.4tn tax to the Nigerian government in 2023, despite struggling to attract investments, a digital economy report from the Groupe Special Mobile Association According to the report, the sector generated about N33tn, representing 13.5 per cent of the country’s gross domestic product. It highlighted the importance of the telecommunications sector to Nigeria’s economy, with the potential for even greater growth and development in the next 3–5 years. “The […]

todayMay 20, 2024 16

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NEWS

Minimum wage: Labour dumps negotiation over FG’s N48,000 proposal

•Negotiation has broken down, N48,000 amounts to wage reduction – Unions The Nigeria Labour Congress and Trade Union Congress on Wednesday dumped the minimum wage negotiation after the Federal Government offered to pay N48,000, a figure far below the N615,00 the unions were demanding as the new national minimum wage. After abandoning the session, the furious labour leaders summoned  an emergency press conference where they vented their displeasure with the […]

todayMay 16, 2024 22

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