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Power generation on the national grid crashed to 59.9 megawatts around 12 pm on Sunday as the country’s grid witnessed a nationwide collapse. Data obtained from the Federal Ministry of Power showed that electricity generation on the grid plunged from 2,658.75MW at 11 am to 59.9MW by 12 noon on Sunday, as power distributors lost supply from the grid. This led to widespread blackouts across the country, as power distribution […]
Dollar supply in the official foreign exchange market rose by 180.59 percent to $440.13m on Friday. This is as the naira closed the week at N1435.53/$ on Friday after what was a turbulent week. According to data from FMDQ Security Exchange, forex turnover rose by 180.59 percent to $440.13m on Friday from $156.86m on Thursday. However, aside from commercial banks, the Central Bank of Nigeria, oil firms and multinationals also […]
There was pandemonium on Wednesday, January 31, after a fight broke out among some cult groups said to be students of Community Senior Grammar School and Ikotun High School at Ikotun in the Alimosho Local Government Area of Lagos State.
The Rivers State Police Command has arrested a pregnant woman identified as Blessing Godday for allegedly stabbing another woman, Mrs Imeran Idema, to death over a bunch of plantain allegedly stolen by the former in Adada community in the Abua/Odual Local Government Area of the state. Blessing, 32, who is a mother of nine, reportedly stabbed Idema for trying to stop her from running away with a bunch of plantain […]
Despite warnings by the Federal Government against crowd-funding for ransoms, the practice has continued to gain ground with the abductees and their families raising funds from relatives, friends, and social media to secure the release of kidnapped victims. In Ekiti State, pupils and teachers of Apostolic Faith Group of Schools, Emure Ekiti, who were abducted last week, regained their freedom in the early hours of Sunday. Some parents and other […]
The Nigerian Air Force, on Sunday, said several terrorists were killed during a joint operation by the air component of Operation Hadarin Daji and troops of the Nigerian Army. The service also said terrorists’ hideouts on Tora Hills in the Safana Local Government Area of Katsina State were equally destroyed. In a statement on Sunday, the NAF Director of Public Relations and Information, Air Vice Marshal Edward Gabkwet, noted that […]
Manufacturers have predicted fresh hikes in the prices of commodities in the market to rise in response to the continued fall of the naira against the United States dollar. On Friday, the naira plunged to N1,420/$ at the parallel window of the foreign exchange market. The President of the Manufacturers Association of Nigeria, Francis Meshioye, said that the naira, which has now remained at over N1,400 in the parallel market […]
The chairman of the Lagos State chapter of the Peoples Democratic Party, Philip Aivoji, who was abducted by some yet-to-identified gunmen along the Lagos-Ibadan Expressway has regained his freedom. Aivoji was released four days after he was abducted on Thursday. Aivoji and some other party chieftains were abducted at the Ogere area of the Lagos-Ibadan Expressway on Thursday while returning from the party’s Stakeholders’ Zonal Caucus meeting convened by Oyo State Governor, […]
Owning a private jet in Nigeria isn’t just for convenience, but also a display of wealth and affluence as many Nigerians ranging from politicians, to artists and also pastors have been known to acquire private jets. AMB Reports that on an average, the maintenance of a private jet costs about $500,000 to $1 million (approx. N290 million – N580 million) per year yet people still pay this huge sum. There […]
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