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As a part effort to support and grow revenue of the power sector, the Central Bank of Nigeria, CBN, last week disclosed that it has disbursed about N3.6 billion for procurement of pre-paid meters to stabilise the billing system in electricity consumption in Nigeria as part of its N120.2 billion investments in distribution companies, DisCos, for infrastructure capital expenditure.
Stakeholders in the power sector have noted that the N120 billion investments by the Central Bank of Nigeria, CBN, would improve power supply across the country especially in distribution infrastructure.
A United State of America based Cyber Security expert, Dr. Augustine Ohwobete has told organizations, especially financial institutions to put measures in place to check cyber crimes, following the pace at which digital disruption and innovative new technology were reaching the market.
There are strong indications that the German authorities may hand over some Benin Bronzes to Nigeria in September, a development which observers said would put pressure on British museum to return its own share of the looted artefacts to the Nigerian government.
The minister of communications and digital economy, Dr Isa Ali Ibrahim Pantami, has officially presented President Muhammadu Buhari’s approved for the first ever Employee-centric Condition of Service and Scheme of Service to the Governing Board and management of the National Information Technology Development Agency (NITDA).
While the slight improvement in Gross Domestic Product (GDP) recorded in Q4 is good news, analysts say it is not significant enough to mark economic recovery.
Former Arsenal star Cesc Fabregas says Bukayo Saka is too mature and intelligent for his young age, following his impact in the Gunners’ dramatic win against Benfica in Thursday night Europa League clash.
The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and to accelerate growth.
The Presidential Task Force (PTF) on COVID-19 says Nigeria will soon receive initial four million doses of the AstraZeneca COVID-19 vaccines.
The Federal Competition and Consumer Protection Commission (FCCPC) says the commission received the highest consumer related complaints from the electricity and banking sectors in 2020.
Economic expert, Prof Uche Uwaleke has listed four major lessons to be learnt from National Bureau of Statistics (NBS) report which stated that Nigeria has exited the current economic recession.
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have entered into a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa.
The minister of industry, trade and investment, Niyi Adebayo, says Nigeria’s trade agenda is to operate on the world stage, noting that the country has outgrown Africa.
Pirates off Nigeria’s coast kidnapped 15 sailors from a Turkish container ship in the Gulf of Guinea on Saturday in a brazen and violent attack that was farther from shore than usual.
Former Governor of Enugu State, Okwesilieze Nwodo, has said the South-East would wholeheartedly support any party that will pick its presidential candidate from the region; be it the All ruling All Progressives Congress (APC) or the Peoples Democratic Party (PDP), in the 2023 general elections.
Paul Pogba is becoming a “game-changer” for Manchester United, says Dimitar Berbatov, with the France international playing with a smile on his face again as exit talk at Old Trafford begins to fade.
President Donald Trump, who has repeatedly used his clemency authority as a political tool rather than an act of mercy, issued a final wave of pardons and commutations on his last night in office, delivering relief for a mix of beneficiaries that included former strategist Stephen Bannon, Republican Party and Trump fundraiser Elliott Broidy, and former Detroit Mayor Kwame Kilpatrick, found guilty in 2013 of corruption charges.
The Petroleum Products Pricing Regulatory Agency (PPPRA) says Nigeria’s domestic consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has exceeded one million Metric Tonnes (MT) in 2020.
Schools and colleges across the United Kingdom closed on Tuesday ahead of a national lockdown as the country battled to control surging coronavirus cases that are threatening to overwhelm its healthcare system.
The Chief of Air Staff, Air Marshal Sadique Abubakar, has assured Nigerians of the continued commitment of the Nigerian Air Force to the security of the nation, promising that his men would neither relent nor rest on their oars until the security of lives and properties of Nigerians are guaranteed.
National Youth Council of Nigeria (NYCN) on Sunday said that President Muhammadu Buhari has surpassed all past Presidents of the country in the development of the Niger Delta region.
Manchester United plan to keep Edinson Cavani at Old Trafford for the 2021-22 season by offering the striker a wage increase of £50,000, according to reports.
The crisis among pensioners on Sunday got messier as Federal Civil Service Pensioners (FCSP) finally opted out of the Nigeria Union of Pensioners (NUP) over alleged denial of the branch’s rights and privileges.
The Hammers boss – whose men were beaten by Everton – has called on the Premier League to explain the questions surrounding the integrity of the competition being affected with United’s 3-1 win at Aston Villa their first of three games in five games.
Chief George Moghalu, the All Progressives Congress (APC) governorship aspirant in Anambra, says electing a credible candidate is critical for the party to capture power in the state.
The Lagos State Government says it has placed 4,000 unemployed graduates on N40,000 monthly salary for six months.
In the midst of the Covid-19 upsurge in India, two lions at a safari park have been tested positive for the virus.
Gov. AbdulRahman AbdulRazaq of Kwara on Wednesday launched an agricultural input subsidy scheme that would give about 10,000 farmers in the state access to various inputs at 50 per cent market price.
Bauchi State Government has raised the alarm over the influx of bandits from neighboring Yobe state. It said the bandits had infiltrated four local governments.
One of the largest pipelines in the US has been taken offline by its operator following a cyberattack. First reported by the New York Times, Colonial Pipeline, which carries 45 percent of the fuel supplies for the eastern US, said in a statement late Friday that it took “certain systems offline to contain the threat, which has temporarily halted all pipeline operations and affected some of our IT systems.”