In Nigeria, where electricity stability is a daily struggle for millions, finding alternative power sources is no longer just a matter of convenience — it’s a lifeline. As power outages and grid failures become increasingly common, the need for reliable and sustainable energy solutions has never been more urgent. From harnessing abundant sunlight to exploring […]
Organised Labour has called on Nigerians to be patient with the Federal and State Governments following the delay in the implementation of the new minimum wage. This was even as the workers’ union absolved the Federal Government of any wrongdoing, saying it would be unfair to conclude that there was a deliberate attempt to avoid […]
Oil producers, under the aegis of the Independent Petroleum Producers Group, have warned against being forced to sell crude oil to the Dangote Petroleum Refinery and other local ones in Nigeria. The IPPG produces about 30 per cent of Nigeria’s crude oil, according to the Nigerian Upstream Petroleum Regulatory Commission. The latest crude oil production […]
The Inspector-General of Police, Kayode Egbetokun, on Tuesday, said President Bola Tinubu made a significant impact in his life and career. Egbetokun said he met Tinubu in 1998, and his life was transformed within 24 hours of the meeting. The IG spoke at the unveiling of a book in his honour titled “Readings in Policing, […]
Application Deadline: August 26, 2024 Wigwe University in Isiokpo, Rivers State, is proud to announce the launch of its groundbreaking scholarship initiative, offering 100 merit-based scholarships to exceptional students as the institution prepares to open its doors in September 2024. This transformative program is a tribute to the vision of the late Dr. Herbert Wigwe, […]
The Nigerian Electricity Regulatory Commission has transferred regulatory oversight of the electricity market in Edo State to the Edo State Electricity Regulatory Commission. This decision was made in compliance with the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023. NERC disclosed this on its X handle on Wednesday. According to […]
The Naira depreciated on Tuesday to N1,600 per dollar in the parallel market, down from N1,590 per dollar last weekend. In contrast, the Naira appreciated to N1,579.22 per dollar in the Nigerian Autonomous Foreign Exchange Market. NAFEM is the trading segment for investors, exporters, and end-users where forex transactions are conducted at exchange rates determined […]
Financial institutions that have started raising capital have stated that they will allocate $1.20bn from the proceeds to invest in technology and bolster their cybersecurity infrastructure. This was indicated in the offer prospectus of five lenders that have commenced their capital raise, to meet the new capital requirement of the Central Bank of Nigeria. In […]
The Nigerian National Petroleum Company Limited has confirmed that the Federal Government incurred a debt of N5.1tn in under-recovery and energy security expenses for fuel importation in 2023. It also stated that a total sum of N9.38tn, described as receivables, was incurred on behalf of the Federal Government in 2023 for fuel imports. In its […]
