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The Nigeria Sovereign Investment Authority (NSIA) on Thursday said it paid about $417.46 million to the country’s electricity bulk trader, the Nigeria Bulk Energy Trading Company Plc (NBET).
The Minister of Power, Works and Housing, Mr Babatunde Fashola, says his directive to Nigerian Electricity Regulatory Commission (NERC) is rectify issues impeding electricity supply in the country, but not to demonise DisCos.
Also, the minister freely lampooned the Executive Director, Research and Advocacy of the Association of Nigerian Electricity Distributors (ANED), Mr. Sunday Oduntan, who responded to his orders for the Discos. He specifically called Oduntan an interloper.
The Federal Government has committed to invest N72 billion on the procurement and installation of equipment to help distribute unused 2,000 megawatts of electricity to consumers in the country.
The federal government on Monday asked the 11 electricity distribution companies (Discos) in Nigeria’s electricity market to buckle down or get out and leave the business of power distribution for people who are willing to compete and uphold their obligations in the sector.
The Chief Justice of Nigeria (CJN) and chairman, Board of Governors, National Judicial Institute (NJI), Abuja, Justice Walter Onnoghen, on Monday, said the judiciary would be stringent in applying punishment for electricity and pipeline vandals.
The Federal Government announced, Monday, that it has recovered over $64.63 million electricity debts owed it by international customers in Benin Republic and Niger Republic.
Mr Babatunde Fashola, the Minister of Power, Works and Housing, has allayed fears of Electricity Distribution Companies (Discos) over government’s investments in solar energy plants.
I am compelled to start on a sad note, to acknowledge an electrical accident that occurred in Minna, Niger recently, and to commiserate with the victims and extend our heartfelt sympathy to their families and to the people and Government of Niger state.
The Police Command in Lagos state has arrested 58-year-old commercial motorcyclist, named withheld, for allegedly defiling his 14-year-old daughter.
Saleh Dunoma, Managing Director, Federal Airports Authority of Nigeria, says the new terminal building of the Nnamdi Azikiwe International Airport will be inaugurated before the end of December.
An 18-seater commercial bus loaded with passengers has been hijacked by some unidentified gunmen in Rivers State.
After 117 years, the U.S. returned the three original church bells taken by American soldiers as war booty during the Philippine-American war in 1901.
The Council of the Islamic Financial Services Board (IFSB) with its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board.
Lagos APC Senator Solomon Adeola kicks against any attempt to override President Muhammadu Buhari’s veto on the Electoral (Amendment) Bill 2018
French champions Paris Saint-Germain have quashed reports the club could be forced to sell either Kylian Mbappe or Neymar in a bid to circumvent eventual Financial Fair Play (FFP) sanctions.
The Taraba State Chairman of the Nigerian Union of Teachers, Comrade Julius Peter, on Monday, narrowly escaped death when he was attacked by three unknown gunmen along Garin Dogo-Garin Mallam village in Lau Local Government Area of the state on his way to Jalingo.
Gov. Gboyega Oyetola of Osun on Wednesday warned NYSC members to be wary of desperate politicians who may want to induce them while serving as ad-hoc electoral officers during the 2019 general elections.
Governor Nasir el-Rufa’i of Kaduna State on Saturday said his government was spending N3 billion on payment of school fees for pupils from primary to junior secondary schools across the state.