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In a bid to address the recurrent collapse of Nigeria’s power grid, the Federal Government has deployed a new technology to detect and respond to sudden drops or dips in power generation across the country. It announced this through the Transmission Company of Nigeria on Wednesday, stating that the new Generation Dip/Loss Detection System would advance TCN’s grid management capabilities.
The Central Bank of Nigeria has clarified reasons for the significant decline in the nation’s foreign exchange reserves, asserting that it wasn’t primarily aimed at defending the naira, as commonly believed, but rather to partially repay debts owed to creditors. The bank further expressed its desire to minimise its involvement in the market, aiming to foster a scenario where prices are determined through the interactions of willing buyers and sellers. […]
A gospel artiste, Meme Umukoro, aka Meme Rise, has expressed confidence that her music will give hope to the hopeless. The singer, who is signed to SG Musik, said “I see my music making great impact, because the hand of the Lord is upon it. Anybody who listens to my music will feel God’s presence .When we pray and meditate, God impresses things on our spirit. By God’s grace, my […]
Adeola, the younger brother to a recently deceased actress, Jumoke Aderounmu, popularly known for her role of Esther in popular sitcom, ‘Jenifa’s Diary’, has said that deceased was actually planning on relocating to the United Kingdom before her demise. Speaking in an interview with Saturday Beats, Adeola noted that Jumoke wanted to relocate to UK, because she was not getting movie roles. On why he did not reach out privately to popular […]
The Federal Government has appealed to members of the National Union of Electricity Employees not to down tools over the recent electricity tariff hike. This is as the union insisted that they would withdraw their services should the government fail to rescind its decision on the removal of subsidy on the tariff payable by Band A customers. The National President of the union, Adebiyi Adeyeye, in an interview with our […]
GOVERNMENTS and security agencies in the South-West states have beefed up security around government structures and institutions, with machinery put in place to forestall the breakdown of law and order by any group forcing an agenda on the states. Also, security agencies have warned that they would curtail any form of insecurity, adding that anyone parading himself as a Yoruba Nation agitator should either toe the path of peace or […]
Controversial crossdresser, Idris Okuneye, aka Bobrisky, who was handed a six-month prison sentence over naira abuse, currently shares the same cell with male inmates at the Ikoyi Custodial Centre. Justice Abimbola Awogboro of the Federal High Court in Lagos, while sentencing the convict, on Friday, April 12, 2024, said the judgment would be a deterrent to others who are found abusing and mutilating the naira. Bobrisky who was taken into […]
Four of the tier-1 banks in the country, FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc and United Bank for Africa Plc have indicated plans to raise about over $3.03bn (N3.46tn) in fresh capital. This came barely one month after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise.
The Nigerian Meteorological Agency has predicted dry, sunny conditions in the north and thunderstorms in the south on Monday. According to a report by NiMET, as Monday morning dawns, the weather forecast indicates a continuation of dry and sunny conditions in the northern parts of Nigeria. However, patches of clouds are expected to blanket the central cities extending down to the southern region. The report stated, “We equally have the […]
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