Kaduna APC, NLC back Assembly over El-Rufai’s probe

Kaduna APC, NLC back Assembly over El-Rufai’s probe

THE Kaduna State chapter of the All Progressives Congress, on Wednesday, expressed its support for the move by the state’s House of Assembly to probe the financial dealings, particularly loans obtained by the administration of the immediate-past governor, Nasir El-Rufai. Similarly, the Kaduna State chapter of the Nigeria Labour Congress backed the probe. The state Assembly had on Tuesday set up a 13-man panel to probe El-Rufai’s administration. The probe […]

April 18, 2024 32

BUSINESS

Grid collapse: FG deploys technology to detect sudden power drop

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.

April 18, 2024 35

BUSINESS

Cardoso links depleting external reserves to debt repayments

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. […]

April 18, 2024 33

ENTERTAINMNET

My music will give hope to the hopeless — Meme Rise

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 […]

April 15, 2024 12

ENTERTAINMNET

Jumoke Aderounmu planned relocating to UK due to job scarcity — Brother

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 […]

April 15, 2024 23

BUSINESS

Tariff hike: FG begs workers as electricity union insists on strike

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 […]

April 15, 2024 10

NEWS

Yoruba Nation: Security beefed up in South West Govt Houses

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 […]

April 15, 2024 11

ENTERTAINMNET

Bobrisky treated as normal inmate – NCS officials

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 […]

April 15, 2024 14

BUSINESS

Recapitalisation race: Top banks target $3bn fund in foreign capital markets

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.

April 15, 2024 10

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