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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. […]
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 […]
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 […]
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 […]
Nigeria’s foreign exchange reserves have taken a significant hit, dropping by approximately $1.02bn within 18 days as the Central Bank of Nigeria steps up efforts aimed at defending the naira. On March 18, 2024, the FX reserves stood at $34.45bn, but by April 3, it had dropped to $33.50bn, based on the latest data from the CBN. Before the current decline, the reserve had been steadily growing, witnessing a remarkable […]
IT is no longer news that the peace pact between the Rivers State Governor, Siminalayi Fubara, and his predecessor and estranged political godfather, Nyesom Wike, has collapsed, following the intervention in October 2023 by President Bola Tinubu, in the wake of the escalating political crisis in the crude oil and gas-rich state. The Minister of the Federal Capital Territory, Nyesom Wike, during a media chat in Abuja on Tuesday, April […]
The Nigerian Meteorological Agency has predicted sunshine and thunderstorms from Monday to Wednesday. NiMet’s weather outlook released on Sunday in Abuja, forecast sunny and hazy atmosphere over parts of Yobe and Borno states on Monday, with chances of thunderstorms over part of Kebbi. According to NiMet, the remaining parts of the North should be sunny with patches of cloud during the morning periods. “Later in the day, isolated thunderstorms are […]
The Kano State Government has filed criminal charges against the immediate past governor, Abdullahi Ganduje, over alleged $413,000, N1.38bn bribery. The state said it had assembled 15 witnesses to testify against Ganduje. Joined as co-defendants in the charge sheet dated April 3, 2024, sighted by our correspondent on Thursday, were Ganduje’s wife Hafsat, and his son, Umar. Also listed as defendants were Jibrilla Muhammad, Lamash Properties Ltd, Safari Textiles Ltd […]
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