Year: 2024
NERC Announces Deregulation of Meter Prices Under MAP Scheme
In a significant development, the Nigerian Electricity Regulatory Commission (NERC) declared on Monday the deregulation of meter prices for meters utilized in the Meter Asset Provider Scheme (MAP). The decision to free up meter prices comes following appeals from Meter Asset Providers (MAPs) and other industry stakeholders for a review of meter prices, considering significant…
Minister of Power Issues Warning: Embrace Tariff Increase or Face Nationwide Blackouts
The Minister of Power, Adebayo Adelabu, has issued a stark warning to Nigerians, stating that failure to implement the planned increase in electricity tariffs could result in complete power outages across the nation within the next three months. Speaking on Monday in Abuja during his appearance before the Senate Committee on Power to address inquiries…
NNPC Initiates Unloading of 240 Million Liters of Petrol to Alleviate Fuel Shortage
In response to the escalating nationwide petrol shortage, the Nigerian National Petroleum Corporation (NNPC) has commenced the unloading of 240 million liters of petrol. This significant importation of fuel is aimed at addressing the fuel scarcity currently experienced across the country. On Monday, five vessels carrying a total of 240 million liters of petrol arrived…
Nigeria Aims to Produce 4,000 Metric Tonnes of Lithium Daily, Says Vice President Shettima
Nigeria is gearing up to become a major player in the global lithium market, with plans underway to produce a staggering 4,000 metric tonnes of lithium daily. Vice President Kashim Shettima made this announcement on Monday during discussions aimed at revitalizing Nigeria’s mining industry. Speaking at the opening of a two-day forum in Abuja, Vice…
Ogun State Government Takes Swift Action Following Abeokuta Explosion
In the wake of the tragic explosion that rocked the Ita-Oshin area of Abeokuta, Ogun State Government has taken decisive action by sealing off Gasco Marine Ltd, the company whose truck was involved in the accident. Senior Special Assistant to the Ogun State Governor on Environment and Chairman, Special Task Force on Environmental Matters, Hon….
President Tinubu Pledges Nigeria’s Youthful Potential to Propel Digital Economy at IDA21 Summit
In a resounding declaration, President Bola Ahmed Tinubu has affirmed Nigeria’s commitment to harnessing the vibrant energy of its youthful population to position the nation as a global powerhouse in the digital economy. Speaking at the 21st Replenishment of the International Development Association (IDA21) Summit in Nairobi, President Tinubu outlined Nigeria’s ambitious plans to lead…
Exclusive: EFCC Investigates Alleged Diversion of N7.5 Billion by NSCDC Contractors
In a startling revelation, an investigation by the Economic and Financial Crimes Commission (EFCC) is currently underway into the alleged diversion of N7.5 billion by contractors associated with the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Ahmed Abubakar Audi. According to a reliable source close to the investigation, the entire sum,…
Nigeria States Sharing International Borders: A Comprehensive Guide
Nigeria, the most populous country in Africa, boasts a diverse landscape characterized by bustling cities, expansive plains, and vibrant cultural heritage. One of its unique features is its border proximity to several neighboring countries, fostering economic, social, and cultural exchanges. Here’s a detailed look at the Nigerian states that share international borders: 1. Adamawa State:…
FG Allocates N20 Billion Augmentation Fee to Julius Berger for Bodo-Bonny Road Construction
The Federal Government has taken significant steps to resolve the impasse with Julius Berger Plc over the construction of the N200 billion Bodo-Bonny Road in Rivers State. Following a recent meeting between the Minister of Works, Dave Umahi, and Julius Berger’s Managing Director, Dr. Lars Richter, the government has allocated an additional N20 billion augmentation…
Petrol Shortage Expected to Last Two Weeks, Says IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) disclosed yesterday that the ongoing petrol shortage, affecting several states in the country, is anticipated to persist for about two weeks. While the Nigerian National Petroleum Company Limited (NNPCL) affirmed having sufficient product supply, the Public Relations Officer of IPMAN, Chinedu Ukadike, attributed the scarcity to sourcing…