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FILE PHOTO: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020.Saudi Press Agency/Handout via REUTERS

Saudi Arabia doubts oil recovery, keeps taps tight

This week’s surprise decision by Saudi Arabia and other top oil producers to broadly stick with output cuts despite rising crude prices was influenced by events in an unexpected place - Italy.

NERC orders DisCos to replace obsolete meters

The Nigerian Electricity Regulatory Commission (NERC) has mandated the electricity Distribution Companies (DisCos) to replace faulty and obsolete meters for their customers.

Experts: Collaboration necessary to deliver digital payment services

Financial experts who participated at the Nigeria Finance virtual forum, which held on Tuesday, have stressed the need for collaboration between fintech developers, the banks and the financial institution regulator, in order for Nigeria to develop and provide affordable digital payment solutions to customers.
Nigerian major carrier, Air Peace, has announced that it would commence flight operations to Makurdi, Benue State capital, from Lagos and Abuja on December 7, 2020.

Air Peace resumes Accra flights March 15, set for Ilorin services

The spokesperson of the airline, Stanley Olisa, who disclosed this, stated that the Lagos-Accra flight will depart daily at 07:00hrs while the Accra-Lagos flight will depart at 07:40hrs.

PHED introduces new electricity billing system in four states

The Port Harcourt Electricity Distribution Company (PHED) says it has introduced a new electronic billing system to make payment of electricity bills easy for customers in four states in its franchise area.
Seplat Petroleum Development Company

Seplat releases full year audited result, to pay dividends

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its audited results for 2020, recording a revenue of $530.5 million.
The Enugu Electricity Distribution Company (EEDC) says it has started the upgrade and migration of its customers to improve electricity service delivery within the entire South-East from Nov. 1.

EEDC: South-East customers not paying electricity bills

The Enugu Electricity Distribution Company has decried poor payment culture by its post-paid customers in the South-East despite the steady electricity supply improvement.

Nigerian government begins eviction enforcement on shanties, businesses encroaching on project

The Federal Government on Sunday began the evacuation of shanties, illegal structures encroaching on its Right of Way (RoW) following the expiration of the ultimatum issued by the Minister of Works and Housing, Mr Babatunde Fashola.

Ikeja Electric schedules all customers for metering under national mass metering programme

Ikeja Electric (IE) Plc says all unmetered customers under its business unit, have now been scheduled for metering under the National Mass Metering Programme (NMMP).

NERC: Over 600,000 electricity meters deployed under MAP since 2019

The Nigeria Electricity Regulatory Commission, NERC, says a total of 611,231 meters were deployed across the country as of January 31 under the Meter Assets Provider (MAP) initiative of the federal government.
Cryptocurrency: “There is need for regulation and not prohibition of Cryptocurrency” - Vice President Yemi Osinbajo speaking at the CBN Bankers’ Forum today, 26th February 2021.

VP Osinbajo advocates regulation of cryptocurrency

The Vice President Yemi Osinbajo has said that the country needs to regulate cryptocurrency, instead of the prohibition put in place by the Central Bank of Nigeria (CBN).
Benin Market

Nigerian traders threaten to shut markets over insecurity

Following the increasing level of insecurity compounded by the recent clash between the Hausa and Yoruba traders in Shasha market in Akinyele Local Government Area of Oyo State, the traders have threatened to close their shops against their customers.
Hyundai is finally recalling some 76,000 Kona EVs built between 2018 and 2020 after more than a dozen reported fires related to the electric SUV’s battery pack.

Hyundai recalls Kona EVs over battery fire risk

Hyundai is finally recalling some 76,000 Kona EVs built between 2018 and 2020 after more than a dozen reported fires related to the electric SUV’s battery pack. It’s the second recall of the Kona EV, but the first global recall, and it will cost Hyundai around $900 million to perform.

Kano DisCo urges customers to report prepaid meter bypass, get compensated

In a statement on Wednesday, Ibrahim Shawai, KEDCO’s head of corporate communications, said the information will be treated with confidentiality and the whistleblower will get five percent of what the defaulters are charged.

NERC: 4.2m electricity consumers metered as at Q2 2020

The Nigerian Electricity Regulatory Commission (NERC) says 4,234,759 electricity consumers were metered as of June 2020, out of the 10,516,090 that registered for meters.
NDLEA

NDLEA intercepts container containing two million capsules of Tramadol in Apapa port

The National Drug Law Enforcement Agency (NDLEA) has announced the interception of a container load of Tramadol at the Apapa seaport in Lagos, just as 90 persons including an Indian were caught in its dragnet during raids of some drug cartels in parts of Lagos where a total of 614.396 kilograms of various hard drugs were reportedly seized.
Senator Emma Nwaka, a one-time chairman of the Peoples Democratic Party (PDP) in the state stated this in a chart with newsmen in Umuahia, the capital, describing the development as very encouraging.

Senator Nwaka: Made-in-Aba products now in West African markets

Senator Emma Nwaka, a one-time chairman of the Peoples Democratic Party (PDP) in the state stated this in a chart with newsmen in Umuahia, the capital, describing the development as very encouraging.
The Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed this at a media briefing on Monday in Lagos, said centres were also built in collaboration with states and the private sector to isolate and treat cases of COVID-19.

Nigerian government set to roll out digital switch over in 31 states

With N9.4 billion paid to stakeholders, including service providers, approval by the Federal Executive Council (FEC), and with 31 states to cover, the Minister of Information and Culture, Alhaji Lai Mohammed, has said the federal government has no more excuses for not rapidly rolling out the Digital Switch Over (DSO).
Kidnap Victim

Police rescue abducted monarch in Calabar

The Cross River State Police Command has rescued an 81-year-old Monarch who was whisked away from his house at Ambo by Idang in the Calabar South Local government area late Monday night.
A widow, Dorothy Nnabode on Monday told the National Human Rights Commission (NHRC) panel that the police shot and killed her husband in front of her.

Petitioner slumps while narrating ordeal in SARS custody

A petitioner, Timothy Ogbeye, on Monday slumped while narrating his ordeal before the National Human Rights Commission (NHRC) panel.
Abuja- Federal government has disclosed it plan to sell Geregu, Omotosho and Calabar power plants at N434 billion in 2021.

NDPHC to export 70MW of electricity to Togo

The management of the Niger Delta Power Holding Company, NDPHC, has disclosed that the company has entered a bilateral agreement with the Republic of Togo to supply the country with 70 Megawatt, MW, of electricity under the Power Purchase Agreement, PPA.

Nigerian Breweries declares N337 billion revenue for 2020

The revenue represented an increase of 4.3 per cent compared with N323 billion recorded in the corresponding period of 2019.

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The NGF Chairman, Gov. Kayode Fayemi of Ekiti State, gave this indication when he briefed State House correspondents after an emergency meeting of the forum at the State House Banquet Hall.

Governors reach decisions on coronavirus vaccine roll-out

The Nigerian Governors’ Forum (NGF) has asked the federal government to take the necessary steps to support logistics and inoculation activities in states to ensure a smooth vaccine roll-out exercise across the country.
The President of All Farmers Association of Nigeria, AFAN, Architect Ibrahim Kabir, Saturday, warned that without adequate food the Coronavirus, COVID-19, situation will worsen as government fights to contain its spread in the country.

Food blockade: AFAN blames institutional failure, inequity

The All Farmers Association of Nigeria, AFAN, Friday, blamed institutional failure for the blockade of foodstuff supply and transportation to Southern Nigeria as the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria, AUFCDN, embarked on the protest over factors militating against their business.
Africa Development Bank (AfDB) is planning to invest $10 billion for the expansion of renewable energy projects in the continent, over the next five years.

AfDB provides $400,000 grant for SEC

African Development Bank Group (AfDB) on Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) to strengthen securities market regulation and broaden market instruments.
Super Eagles forward Victor Osimhen did not bring a new COVID variant to Italy upon his return from Nigeria last December, according to official statement from the Hospital Federico II in Naples.

Victor Osimhen returns to training ahead of Bologna clash

The 22-year-old suffered head trauma after landing awkwardly on the turf following a collision with Cristian Romero in his side’s defeat to Atalanta on February 21.
A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Policeman arrested for stealing AK-47 rifles in Abịa

A police man, Shedrack Aleke Igwe, working in armoury section of MOPOL base 28, Umuahia, Abia state has been arrested with 5 AK-47 rifles he stole from the armoury.

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The National Agency for Food and Drug Administration and Control (NAFDAC) says it has not approved any drug or vaccine for the treatment of COVID-19.

NAFDAC busts alleged illegal maize flour production facility in Yobe

The National Agency for Food and Drug Administration and Control (NAFDAC) says it has busted an alleged illegal maize flour production outfit in Potiskum town of Yobe.

ECOWAS Court orders Nigeria to pay German N63.6 million, $10,000 for ‘illegal detention’

The ECOWAS Court of Justice has ordered Nigerian government to pay a German national about N63.6million and $10,000 for his about 11 days of illegal detention by the Nigerian Immigration Service (NIS) last year.
This was contained in a statement signed by Buhari’s Senior Special Assistant (SSA), Mallam Garba Shehu.

Presidency: There’s a strong suspicion that choppers ferry arms for bandits

Malam Garba Shehu, Senior Special Assistant to The President on Media and Publicity, says there is a strong suspicion that choppers are being used to ferry arms for bandits.
Deeply worried by the spread of arms among bandits in Zamfara State, Governor Bello Mohammed Matawalle said he was taking the option of instructing the security to invite former governor Abdulaziz Yari to explain the whereabouts of about 1000 AK47, he, the former governor allegedly purchased with the state’s funds in 2013.

Zamfara: Nigerian soldier arrested supplying ammunition, uniforms to bandits

The Zamfara State Government on Friday said a Nigerian soldier and his girlfriend were recently caught supplying ammunitions and military uniforms to armed bandits in the state.
Saudi Arabia has stopped issuing visas to people from Congo while citing the Ebola outbreak there, even as the World Health Organization recommends against travel restrictions.

West African health ministers in joint fight against Ebola

Ministers of Health from Guinea – which is combating a new Ebola outbreak – and neighbouring countries have agreed on a unified front to combat the virus that re-emerged about three weeks ago.