The federal government will bear a financial burden of N544.894 billion being the cumulative shortfall in electricity tariffs of the 11 electricity distribution companies in Nigeria, the Nigerian Electricity Regulatory Commission (NERC) has said. The regulatory agency in the December 2019 minor review of Multi Year Tariff Order (MYTO) 2015 and minimum remittance order for […]

Following the killing of an Iranian General, Quasem Soleimani, by the United States, the Inspector-General of Police, Mr. Mohammed Adamu, yesterday issued a red alert nationwide in a bid to forestall any emergency Soleimani, leader of the elite Iranian Revolutionary Guards, who was killed by a United States drone strike in Bagdad, Iraq, is a […]

The Nigeria Employers’ Consultative of Association (NECA) has charted a course for the economy in the new year. The Director General of the association, Timothy Olawale, said in a statement on Thursday, that the economy struggled with an average growth rate of two per cent in the first three quarters of 2019, while inflation was […]

A human rights lawyer, Mr. Femi Falana (SAN), thursday urged the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), to ensure the release of the detained leader of the Islamic Movement in Nigeria, Ibraheem El-Zakzaky, and his wife, Zeenat. Falana, who made this call in an open letter addressed to Malami, […]

A member of President Muhammadu Buhari’s Economic Advisory Council (EAC), Mr. Bismarck Rewane, thursday cautioned the federal government against allowing itself to be stampeded into making precipitated decisions on joining ‘Eco,’ the proposed single currency for West African countries. Rewane, during an interview yesterday on, ‘The Morning Show’ on Arise Television, said the country was […]

An economist, Prof. Olanrewaju Olaniyan, yesterday underscored the need for the three tiers of government to improve on infrastructure and job creation so as to enhance the country’s economic growth and development. Olaniyan, a Director at the Centre for Sustainable Development, University of Ibadan, told the News Agency of Nigeria (NAN) in Abuja that empowering […]

Nigerians should expect “significant improvement in electricity service supply reliability and delivery” this year, President Muhammadu Buhari has promised. This is part of the radical changes that the Federal Government plans for this year in the oil and gas as well as power sectors. To achieve this objective, the President said there will be further […]

Kwara State government has said some plots of land allocated to the late politician, Dr Olusola Saraki, were spuriously done. It defended its decision to revoke the Ilofa Road, GRA, Ilorin plots of land allegedly acquired illegally by the late Dr. Saraki. The government gave details on the Civil Service Clinic land and its adjourning […]

Senator Shehu Sani has told his interrogators at the Economic and Financial Crimes Commission (EFCC) that he did not demand $20,000 (about N7.2million) from businessman Sani Dauda. He expressed readiness for a face-to-face interaction with Dauda, who is the Chairman/ CEO of ASD Motors at the trial to prove his innocence. The EFCC, which arrested […]

THE joint Southwest security outfit, Amotekun, will be inaugurated on January 9, Ekiti State Governor Kayode Fayemi, has confirmed. In an updated report on the security architecture initiated by the six governors in the Southwest to curtail armed banditry, kidnapping and killings in the zone, The Nation reported on its front page that the stage […]