12 states plan power projects, anger spreads over tariff hike

12 states plan power projects, anger spreads over tariff hike

Lagos, Kano, and 10 other states have concluded plans to start generating power in their respective states in conformity with the Electricity Act 2023. it was gathered on Thursday that some of these states had established their electricity market laws and were waiting for the approval of the Nigerian Electricity Regulatory Commission to have independent regulatory bodies different from the NERC owned by the Federal Government. As the states stepped […]

April 5, 2024 29

BUSINESS

Naira crash pushes raw material imports to N3tn – NBS report

Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is according to the Foreign Trade Statistics data published by the National Bureau of Statistics. The major raw materials imported during the period included cane sugar, other lubricating oils meant to be mixed further, preparations of milk containing vegetable fats and oils, mixtures of odoriferous substances, sheets for veneering, among others. Conversely, Nigeria […]

April 5, 2024 7

NEWS

Impeachment: Shaibu gets final chance to open defence

The Deputy Governor of Edo State, Philip Shaibu, on Thursday, failed to show up to open his defence before the seven-man panel probing allegations of perjury and leaking the government’s secrets against him. The retired Justice S. A. Omonuwa-led panel, which had its inaugural sitting on Wednesday in Benin, had adjourned till Thursday for Shaibu to open his defence. The Edo State House of Assembly, which is the petitioner in […]

April 5, 2024 12

NEWS

141 terror cases, 214 kidnappings recorded in eight weeks – IG

The Inspector-General of Police, Olukayode Egbetokun, on Thursday, said 141 terror cases, 214 kidnappings and 537 homicide cases were reported to the police in the last eight weeks. Egbetokun added that 3,685 suspects were apprehended for their participation in various crimes, while 401 kidnap victims were rescued. Egbetokun said this while fielding questions from journalists at the Nigeria Police Force Headquarters, Louis Edet House, Abuja. He said, “I am pleased […]

April 5, 2024 13

NEWS

BREAKING: Gunmen invade Kogi community, many feared dead

Some hoodlums on Friday invaded Agojeju-Odo, a community in Omala Local Government Area of Kogi State. The gun-wielding men were said to have shot community members and burnt houses, Daily Post reports. However, in a telephone interview with the state Police Public Relations Officer, SP William Aya, he confirmed the attack to our correspondent, adding that the state Commissioner of Police, Bethrand Onuoha, has deployed tactical teams to the area. […]

April 5, 2024 20

NEWS

Borno police arrest eight over UNIMAID lecturer’s murder

The Borno State Police Command has confirmed the arrest of eight suspects in connection to the alleged murder of a Lecturer at the Department of Physical Health Education at the University of Maiduguri, Dr Kamar Abdulkadir. Abdulkadir was murdered in his office on campus on Sunday. The victim was found on Monday with several injuries inflicted on his body by his killer. The command’s Police Public Relations Officer, Nahun Daso, […]

April 3, 2024 14

BUSINESS

Discos make N1tn amid grid crisis, unmetered customers hit 5.8m

Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms over a similar period in 2022. This latest data was disclosed in the electricity report released by the National Bureau of Statistics […]

April 2, 2024 43

NEWS

Troops kill 11 terrorists, recover military uniforms, weapons

Troops of the Nigerian Army in separate operations conducted in Zamafara and Katsina states killed no fewer than 11 terrorists. The terrorists were killed following a raid on terrorist kingpin enclaves in the states. In Zamafara, the hideout of a terrorist leader, Hassan Yantagwaye, in the Tsafe Local Government Area was raided which resulted in a gun battle with two of his men killed in the operation. This was contained […]

April 2, 2024 39

NEWS

Delta bloodbath: Urhobo chiefs seek detained monarch’s release

Members of the Traditional Council of Chiefs, Ewu-Urhobo in Delta State, have called for the immediate release of the detained monarch of Ewu Kingdom, Clement Ikolo. They said the monarch was not connected to the communal crisis that led to the recent killing of 17 military personnel in the Okuama community in the Ughelli Local Government Area of the state. “His Majesty is in no way associated with the ongoing […]

April 2, 2024 20

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