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PACN: Report of liquidity issues in Wema Bank never from us

PanAfrican Capital Holdings Limited, PACN, has stated that recent media reports to the effect that liquidity crisis had hit one of the nation’s oldest banks, Wema Bank did not in any way represent its position or from them.
Deputy Speaker of the House of Representatives, Rt. Hon. Ahmed Idris Wase, has congratulated Vice President, Professor Yemi Osinbajo on his 64th birthday on Monday.

Nigerian government begins N140 billion solar rollout for 25 million residents

The federal government has begun the implementation of its plan to deliver electricity, through solar energy, to about 25 million Nigerians whose communities are off the national power grid. Vice President Yemi Osinbajo, who spoke during an event to mark the programme in Jangefe, Roni Local Government Area of Jigawa State, restated the determination of the President Muhammadu Buhari administration to give more Nigerians access to cheap and environmentally friendly renewable power.
A plan to deliver electricity to about 25m Nigerians whose communities are off the grid has commenced in Jigawa State flagged off by Vice President Yemi Osinbajo, SAN, who restated the determination of the Buhari administration to ensure that millions more will now have access to cheap and environmentally friendly renewable power.

VP Osinbajo: Time to provide more electricity for Nigerians is now

A plan to deliver electricity to about 25m Nigerians whose communities are off the grid has commenced in Jigawa State flagged off by Vice President Yemi Osinbajo, SAN, who restated the determination of the Buhari administration to ensure that millions more will now have access to cheap and environmentally friendly renewable power.
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

Edo governor: Nigeria in huge financial trouble

The governor of Edo, Godwin Obaseki, says Nigeria is in huge financial trouble.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

Kebbi, NNPC strengthen collaboration on biofuel production

The Kebbi State Government and Nigerian National Petroleum Corporation (NNPC) are to continue to strengthened collaboration on production of biofuel and renewable energy.
The Enugu Electricity Distribution PLC (EEDC) has cautioned residents of South-East against activities of scammers and unscrupulous individuals who are already taking advantage of the just commenced National Mass Metering Program (NMMP) to customers.

Three nabbed for vandalising EEDC property

Three persons have been arrested for allegedly attempting to vandalize a 300KVA distribution substation property of Enugu Electricity Distribution PLC (EEDC) at Akwa-Ukwu, Nnewi District, Anambra State.
The Minister of Transportation, Mr Rotimi Amaechi, says the Federal Government has extended the Lagos-Ibadan Modernisation Project from its original destination at Ebutte Meta to Lagos Ports.

Minister: Funding delaying rail projects across Nigeria

The federal government has said that funding was delaying the commencement of several rail projects across the country.
President Muhammadu Buhari has approved the appointment of Mr Adedeji Zacch as the Executive Secretary of National Sugar Development Council (NSDC) for an initial term of four years.

NSDC scribe: Nigeria committed to achieving self-sufficiency in sugar production

The executive secretary of the National Sugar Development Council (NSDC), Mr Zacch Adedeji, has reiterated Nigeria’s determination to achieve self-sufficiency in sugar production through faithful implementation of the Nigeria Sugar Master Plan (NSMP).
ActionAid Nigeria (AAN)

ActionAid, stakeholders express worry over unstable levels of borrowing, rising national debt profile

A non-profit making organisation, ActionAid Nigeria, AAN, and stakeholders, Friday, expressed worry over unstable levels of borrowings and rising national debt profile under the Buhari-led administration and poverty increasing daily.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NNPC welcomes arrival of pipes for $2.8 billion gas project

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has expressed delight over the movement of pipes from Warri to Itakpe for the implementation of the Ajaokuta-Kaduna-Kano Gas Pipeline project.
FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

Africa seeks $25 billion for climate adaptation, green recovery

African nations aim to double funding for climate change adaptation projects to $25 billion over five years as they look to foster a green recovery from the economic damage wrought by the coronavirus pandemic.
The federal government has unveiled the first 100 percent solar-powered electric vehicle (EV) charging station. The station is a collaborative project of the National Automotive Design and Development Council (NADDC) and Usmanu Danfodio University, Sokoto (UDUS).

Nigerian government launches first solar-powered charging station for electric vehicles

The federal government has unveiled the first 100 percent solar-powered electric vehicle (EV) charging station.

SEC warns Nigerian fintechs against trading foreign stocks

Nigeria’s Securities and Exchange Commission (SEC) has warned unregistered investment-tech platforms to desist from offering foreign securities to Nigerians.

FRSC decries recklessness of commercial motorcyclists in Kafanchan

The Federal Road Safety Corp (FRSC) in Kafanchan, Kaduna State, has decried the reckless manner commercial motorcyclists drive in the area.
An attorney representing families of passengers killed in a Boeing Co 737 MAX crash in Ethiopia said on Friday he will seek sworn evidence from a Boeing engineer who claims the company rejected a proposed safety upgrade to the 737 MAX because it was too costly.

Boeing’s 737 Max has new problem that will ground some of the jetliners again

Boeing announced a new problem with the troubled 737 Max — this time, the issue is with its electrical system.
Governor Zulum of Borno state, GMD NNPC Mele Kyari and Executive Chairman Borno Rural Electrification Board, Engineer Abdulsalam Kachallah discussing at Govt House Maiduguri soon after the GMD led other Delegations to Maiduguri on a plan to Establish Gap Power Plant in the next coming four months after Boko Haram destroyed National Grid supplying power to the state.

NNPC to partner Borno government to establish gas power plant

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Alhaji Mele Kyari has said that the corporation will partner with Borno State Government to establish a Gas Power Plant following the vandalization of the national grid by insurgents which put the state almost three months into total blackout.
Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated the resolve of President Muhammadu Buhari-led administration to provide jobs for the teeming youths of the Niger Delta, stating that gainful employment will solve the problems facing the region.

Minister: President Buhari is committed to providing jobs for Niger Delta youths

Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated the resolve of President Muhammadu Buhari-led administration to provide jobs for the teeming youths of the Niger Delta, stating that gainful employment will solve the problems facing the region.

Dangote Sugar denies involvement in price fixing

Dangote Sugar Refinery PLC (DSR) has denied an online publication claiming the company’s involvement in price-fixing and not transparently engaged in any Backward Integration Programme as claimed.
The Ibadan Electricity Distribution Company Plc (IBEDC) said it has begun the implementation of the revised service-based reflective tariff as approved by the Nigerian Electricity Regulatory Commission (NERC).

Load rotation: IBEDC apologises to customers for inconveniences

Ibadan Electricity Distribution Company (IBEDC) has apologised to its customers in Magboro, Ibafo, Mowe and environs for the inconveniences on the load shedding arrangement ongoing in the areas.
Chief Timipre Sylva, Minister of State For Petroleum Resources, on Friday said the Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia Local Government Area, Bayelsa will create at least 2,000 jobs on completion.

Minister: Bayelsa oil, gas park to create 2,000 jobs

Chief Timipre Sylva, Minister of State For Petroleum Resources, on Friday said the Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia Local Government Area, Bayelsa will create at least 2,000 jobs on completion.
The Atlantique Marine Engineering Services (AMES), promoters of the AMES-Edo Inland Container Dry Port, has disclosed that it projected a standard gauge rail for the port.

Official: We projected standard gauge rail for Edo dry port

The Atlantique Marine Engineering Services (AMES), promoters of the AMES-Edo Inland Container Dry Port, has disclosed that it projected a standard gauge rail for the port.
Former Emir of Kano and one-time Managing Director of First Bank, Muhammadu Sanusi II, has lamented that the nation’s economy has not been diversified, over 60 years after the discovery of oil in Nigeria.

Mallam Sanusi: Nigeria’s political structure economically unsustainable

He spoke on Thursday at an online roundtable event titled ‘Debt Relief for a Green and Inclusive Recovery in Nigeria?’ organised by the Heinrich Böll Foundation and the Centre for the Studies of the Economies of Africa (CSEA).

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Alibaba accepts record fine, vows to change

Chinese tech giant Alibaba said on Monday that it accepted a record penalty imposed by the country’s anti-monopoly regulator.
Minister of Youths and Sports Development Sunday Dare has expressed satisfaction with the level of compliance with COVID-19 protocols by athletes and officials participating in the 20th National Sports Festival (NSF) in Benin.

NSF: Minister charges team FCT to win more medals

Minister of State, FCT, Dr. Ramatu Tijjani Aliyu, has charged Team FCT to work harder and win more medals for the nation’s capital at the ongoing Edo 2020 National Sports Festival in Benin City, Edo State.
There are fresh controversies trailing the N2 billion airport project proposed to be built at Wasimi in Ewekoro Local Government Area of Ogun State.

Furore over Ogun cargo airport project at Wasimi

Newsmen gathered that the then Minister of State for Transport in charge of Aviation, Senator Hadi Sirika in 2018, allegedly made a request to President Muhammadu Buhari for the establishment of a passenger airport in Wasimi.

Polytechnic staff warn of ‘industrial disharmony’ over arrears, minimum wage

The Senior Staff Association of Nigerian Polytechnics (SSANIP) has warned of “industrial disharmony” should the federal and state governments refuse to implement the new minimum wage, pay promotion arrears and adjust the current tax charged its members by the Integrated Personnel and Payroll Information System (IPPIS).
Mojisola Christianah Adeyeye, Director General, NAFDAC

NAFDAC cautions against use of chemicals to enhance food, drinks

The National Agency for Food, Drug Administration and Control (NAFDAC) has cautioned Nigerians against adding chemicals and additives to food and drinks to enhance taste.

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Nigerians In Diaspora Organisation - NIDO

Delta government commends Nigerians in Diaspora for developmental efforts

The Delta Commissioner for Culture and Tourism, Mr Lawrence Ejiofor, has commended the Nigerians in Diaspora Organisation (NIDO) for its efforts toward the development of the state.
Deputy Speaker of the House of Representatives, Rt. Hon. Ahmed Idris Wase, has congratulated Vice President, Professor Yemi Osinbajo on his 64th birthday on Monday.

Nigerian government begins N140 billion solar rollout for 25 million residents

The federal government has begun the implementation of its plan to deliver electricity, through solar energy, to about 25 million Nigerians whose communities are off the national power grid. Vice President Yemi Osinbajo, who spoke during an event to mark the programme in Jangefe, Roni Local Government Area of Jigawa State, restated the determination of the President Muhammadu Buhari administration to give more Nigerians access to cheap and environmentally friendly renewable power.

2023: It’s North Central turn to produce president – group

Ahead of 2023 presidential election, a group, under the aegis of North Central Patriot, has called on the region to agitate for presidency.

A2Justice calls for removal of CCT chairman over assault on security guard

The justice sector watchdog, Access to Justice has called on the presidency to immediately remove Mr. Danladi Umar from office as the chairman of the Code of Conduct Tribunal (CCT), following his recent assault on a security guard in Abuja.

Ekiti monarch escapes gunmen attack, hospitalised

Unknown gunmen on Friday evening shot at a traditional ruler, the Elewu of Ewu Ekiti, Oba Adetutu Ajayi, while in his car along Ayetoro-Ewu Road in Ilejemeje Local Government Area.