Nigeria rations 2,500MW over vandalisation of gas-fired plants

• Olorunsogo, Alaoji, Geregu, Sapele, Omotosho, Ugheli plants hit • Nigeria to cut metering gap by 50%, reduce tariff, presidency says • Review of privatisation, liquidity crisis, experts canvass As President Muhammadu Buhari and stakeholders in the nation’s power sector deliberate on what becomes of electricity with the current administration winding down, attacks on gas […]

Continue Reading

Fuel subsidy crisis: States kick as NNPC continues deductions, FAAC meets Wed

• States, Federal Govt may clash There are strong indications that state and federal governments are again on a collision course as the Federation Account Allocation Committee holds its first meeting in 2022 on Wednesday. State officials, who spoke to our correspondents on Sunday, faulted the Nigerian National Petroleum Corporation’s continued deductions from FAAC funds […]

Continue Reading

As economy wades through another year of sluggish growth

The financial stress index continues to rise just as other key market indicators suggest an extremely fragile growth, monitored data have suggested. These come on the heels of rising political tension, which has compounded financial risks with experts saying the government may lack the fiscal discipline to apply necessary circuit breakers should the economy go […]

Continue Reading

Gani Adams pledges to reinvent past successes in Yoruba land

The Aare Onakakanfo of Yoruba land, Iba Gani Adams, yesterday, said the Aare Onakakanfo’s office under his leadership will leverage the successes recorded in the last four years to reinvent his accomplishments in the South West. Adams stated this during the thanksgiving service held at the Saviour Ministries Cherubim and Seraphim (C&S) in Lagos, as […]

Continue Reading

2023: e-transmission of election results shaky

• INEC stays on existing law Electronic transmission of results for the 2023 general election may no longer be feasible, The Nation has gathered. The Independent National Electoral Commission (INEC) is preparing for the election on existing legal framework. President Muhammadu Buhari has withheld assent to the Electoral Bill that made provision for e-transmission of […]

Continue Reading

IPOB declares sit-at-home tomorrow to back Kanu

•As Imo residents embark on panic buying, express confusion over conflicting orders •South East may experience four-day disruptions The Indigenous People of Biafra (IPOB) has declared sit-at-home on January 18, 2022 to solidarise with its leader Nnamdi Kanu as the Umuahia High Court hears Kanu’s fundamental human rights enforcement suit against the Federal Government. A […]

Continue Reading

NCC alerts Nigerians to new ransomware attacking organisational networks

The Nigerian Communications Commission (NCC) has alerted Nigerians to a plan by a cybercrime group to deliver ransomware to targeted organisational networks. The scheme, uncovered by security experts, has been categorised by the Nigerian Computer Emergency Response Team’s (ngCERT) advisory released at the weekend, as high-risk and critical. NCC, in a statement by its Director […]

Continue Reading

Five killed, houses burnt in fresh Ogun farmers/herders clash

Ogu State Governor, Dapo Abiodun. Photo/FACEBOOK/dabiodunMFR No fewer than five persons have been killed in a fresh crisis between farmers and herdsmen in Imeko-Afon Local Council of Ogun State. Property worth millions of naira were also destroyed in the process, while hordes of persons sustained injuries. In the incident, which happened last Thursday, the people […]

Continue Reading