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22 Results / Page 2 of 3
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BUSINESS

International consumers owe Nigeria $51m for electricity — FG

International consumers failed to remit about $51.26m to Nigeria for electricity exported from Nigeria to the power users in 2023, the Federal Government revealed in the latest industry data showing the non-remittances by the consumers. Also, another group of customers categorised as bilateral power consumers did not remit about N7.61bn to the Nigerian power sector in 2023. The Nigerian Electricity Regulatory Commission condemned the development, describing it as a payment […]

todayMay 27, 2024 23

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BUSINESS

Nigeria eyes 10,000MW hydropower for sustainable electricity

While acknowledging the immense potential for hydropower development in Africa, he said it is important to also consider responsible development. He said, “We must address environmental concerns around dam construction and ecosystem disruption, alongside social impacts on local communities. This requires a commitment to sustainability, stakeholder engagement, and innovative solutions to financing these large-scale projects.” The minister previously stated that for several decades, hydropower has played a significant role in […]

todayMay 16, 2024 9

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NEWS

Lion’s den: Man shocked by sordid state of University of Nigeria hostel room

An X user Justus, who identifies as LordJustusN on X.com, has expressed dismay over the deplorable state of a hostel, Eni Njọkụ Hostel, in the University of Nigeria, Nsukka. Justus disclosed that he had visited the hostel to inspect the room his cousin was assigned to, only to be met with appalling conditions. Sharing a video, he wrote, “My cousin is supposed to resume school at the University of Nigeria, […]

todayMay 8, 2024 32

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POLITICS

Nigeria will change after eight years, support Tinubu before we die – Billionaire, Arthur Eze

Billionaire, Arthur Eze, has urged Nigerians to support President Bola Tinubu while praising his inclusive approach to governance. He made the remarks in a video widely shared on social media, which showed him donating N20m to a church. Eze said, “Tinubu has no boundary. If you go to Abuja, you will see Wike, an Igbo man as a minister. Umahi is Igbo man, as minister. No boundaries. All the types […]

todayMay 6, 2024 6

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NEWS

WORLD PRESS FREEDOM DAY 2024: NHRC Vows To Uphold Protection Of Press Freedom In Nigeria

By Toffa Momoh, Abuja The National Human Rights Commission, NHRC, has assured Nigerians of the promotion and protection of their fundamental human rights including right to freedom of expression and the press in all circumstances. In a statement signed by the NHRC'sDirector of Corporate Affairs and External Linkages, Obinna Nwakonye, marking the 2024 World Press Freedom Day, the Executive Secretary of the NHRC, Tony Ojukwu, SAN, reaffirmed the commitment of […]

todayMay 3, 2024 56

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NEWS

Even airport puff-puff sellers claim to be aviation experts in Nigeria – Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo, has said that when it comes to aviation matters, everyone, including puff-puff sellers at the airport, has a say. Keyamo disclosed this when he appeared on Channels Television’s Politics Today to speak on Nigerian Civil Aviation Authorities’ action over the health status of Dana Airline on Thursday. The PUNCH had earlier reported that the NCAA suspended the Air Operator Certificate of Dana […]

todayApril 26, 2024 33

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NEWS

Kenyan police arrest Binance executive who escaped from Nigeria

The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria within the week. Government sources familiar with the case who spoke on condition of anonymity because they were not authorised to speak on the matter confirmed the development to our correspondent on Sunday night. One of the sources said, “Binance executive, Nadeem Anjarwalla, has been arrested by […]

todayApril 22, 2024 49

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BUSINESS

Nigeria to become food exporter through mechanised farming – Tinubu

President Bola Tinubu, on Sunday, said his administration was keen to make Nigeria self-sufficient in food production and become a net exporter of agricultural products through what he called “aggressive mechanisation.” He affirmed his administration’s support to give ease and succour to the 2024 Hajj pilgrims. “Nigeria will become a net exporter of food through aggressive mechanisation,” Tinubu told a delegation from the Global Tijaniyya Movement, led by Khalifa Muhammad […]

todayFebruary 12, 2024 36

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BUSINESS

Nigeria facing worsening economic crisis, says IMF

The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. The report came amid rising inflation, exchange crisis, weak economic growth and business shutdowns. The global lender said this in a new report titled ‘IMF Executive Board Concludes Post Financing Assessment with Nigeria.’ According to the report, low revenue collection has hampered the provision of services and public […]

todayFebruary 12, 2024 49 1

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