Despite privatisation, FG to spend N751.7b on wires, transformers, streetlights, others

• Govt votes more money for investment in TCN, DisCos • Power ministry to spend N8b to create awareness on vandalism • Benin, Togo, Niger import N64.7b electricity from Nigeria, owe debts • Ajaokuta Steel faces disconnection over persistent debt The President Bola Tinubu administration, through the Ministry of Power, has proposed spending a substantial […]

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Opposition kicks as FG plans N55bn for presidential fleet maintenance 8th January 2025

Presidential fleet The Peoples Democratic Party and the Labour Party have kicked against the N55bn allocated in the 2025 budget for the maintenance of the presidential fleet. This is contained in the 2025 Appropriation Bill sent to the National Assembly for approval. If approved by the lawmakers, over N55.5bn will be spent on total overhauling […]

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Tax reform: Northern elders, governors maintain opposition as senators lobby

Northern groups, including the Coalition of Northern Groups and the Northern Elders Forum, have again insisted on the withdrawal of the tax reform bills as senators intensified lobbying for public acceptance of the proposed tax changes. The groups demanded further consultations and extensive dialogue with stakeholders on the bills. Speaking during a one-day town hall […]

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Investors eye new listings as 10 players control 54% of NGX’s N63tr

Dangote, Rabiu, Elumelu, Otedola top list Operators seek policies to broaden participation, cite risk of market manipulation In seemingly worsening concentration risk in the stock market, companies controlled by 10 individuals hold 54 per cent of the Nigerian Exchange Limited (NGX) capitalisation, which closed at N63 trillion yesterday. Controlled by high-networth individuals, the top 10 […]

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How we’ve raised standard of justice system under Aiyedatiwa — AG, Ajulo

By Olukayode Ajulo As we stand on the cusp of a new year, it is fitting to pause and reflect on our remarkable journey together while embracing the vast opportunities that lie ahead. In 2024, we encountered a challenging beginning, yet we transformed these obstacles into significant strides forward. As it is written, “For I […]

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Ondo increases ticket rates for Okada, Keke Marwa riders

Ondo State Government has reviewed upward the daily ticket rates for commercial motorcyclists and tricyclists in the state from N150 to N500. Special Adviser to the State Governor on Special Duties and Strategies, Comrade Gani Muhammed Ajowa, announced this on Tuesday in Akure at a meeting with key stakeholders held at the Corporate Headquarters of […]

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Bandits’ influx: Task force meets as police, Amotekun tighten South West boundaries

In response to Governor Seyi Makinde’s alarm on Monday about the influx of bandits into Oyo State, security agencies across the South-West have ramped up measures to tackle the security threat. This includes intensified border patrols and enhanced collaboration among the police, Amotekun, and military forces in the region. On Tuesday evening, Oyo State security […]

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Ex-US President Jimmy Carter’s body lies in state after Washington procession

Senate Democratic leader Chuck Schumer ((L) and Senate Majority Leader John Thune (R) present a wreath during a ceremony honoring the late former US President Jimmy Carter in the Rotunda of the US Capitol, where he will lie in state, in in Washington, DC, on January 7, 2025 Agency Report The body of the departed […]

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Bishop, constituents slam Reps member Adelegbe over performance

Allegations untrue, Adelegbe reacts, says ‘I’m close to my people’ A member of the House of Representatives from Ondo State, Hon. Timehin Adelegbe has been criticised by his constituents for alleged poor performance and inacessibility. However, the lawmaker who represents the Owo/ Ose Federal Constituency in Ondo State, described the allegations against him as unjustified, […]

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