Minister of Power, Mr Adebayo Adelabu, has said that the Federal Government is planning to increase the nation’s power generation from 4000 megawatts to 6000 megawatts by the end of this year. Adelabu, who gave this hint on Monday when the members of the Senate Committee on Power visited his ministry, said that the plans […]
The Federal Operations Unit Zone C of the Nigeria Customs Service (NCS) has reported that it seized contrabands worth N7.6 billion between January 25 last year and April 19th this year. The outgoing Controller of the Zone, Comptroller Kayode Kolade, who gave these figures in his farewell message during a brief handover to his successor, […]
Ogun State Governor, Prince Dapo Abiodun, on Monday disclosed that over 1,500 people had so far benefitted from the ongoing surgeries under the Free Surgery Intervention Programme of his administration. The governor, who disclosed this while monitoring the sale of discounted rice to civil servants at the State Secretariat, Oke-Mosan Abeokuta, maintained that thousands of […]
The Federal Government has ordered the resale of electricity Distribution Companies (DisCos) now under the management of banks and the Asset Management Company (AMCON) within the next 90 days to reputable power operators as part of its current drive to improve power supply nationwide. The order was given by the Minister of Power, Adebayo Adelabu, […]
Consumers paid an average retail price of N1,354.40 per litre of Household Kerosene (HHK) in March this year, representing an increase of 18.55% from N1,142.46 they paid for the same volume of the product in March 2023. However, on a month-on-month basis, the average retail price per litre of the product paid by consumers in […]
To strategically position Nigeria in the frontline of current global drive towards artificial intelligence (AI) development, the Federal Government has secured $3.5 million seed fund for Nigeria’s Artificial Intelligence (AI) strategy implementation from development and other independent partners. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, made this disclosure on Friday at the […]
Users of Liquefied Petroleum Gas (Cooking Gas) paid an average retail price of N6,591.62 in March for refilling a 5kg Cylinder of the commodity, representing an increase by 42.97% from N4,610.48 they paid for the same volume in March 2023 On a month-on-month basis, the average price paid the users indicated 7.10% increase from N6,154.50 […]
Investment researchers at Bancorp Securities Limited, a leading investment research and consulting firm, have predicted appreciable positive sentiments in the Nigerian Exchange trading sessions as investors would reposition amidst the previous week’s lower prices The experts, in the firm’s ‘Weekly Stock Recommendation: April 22 – April 26th 2024’ report noted that the nation’s economic landscape […]
The Director-General of the International Labour Organization (ILO), Gilbert Houngbo, has called for reinforced multilateralism and a focus on social justice for a sustained global recovery, highlighting the need to bolster investment in social policies, institutions, and dialogue. Houngbo, in statements delivered at the just concluded World Bank and International Monetary Fund (IMF) spring meetings […]
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has expressed the readiness of the agency to partner the United States Agency for International Development (USAID) and other relevant stakeholders to address Nigeria’s food insecurity challenge. Inuwa made this remark when he received representatives from USAID, led by the Senior Digital Advisor […]