How FG spent N8.9t on subsidy in 10 years -PPPRA

Regulatory Agency (PPPRA) says the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015. The agency disclosed this in a document on subsidy payment released in Abuja on Monday. It said that the subsidy was paid to oil marketers and the Nigerian National Petroleum Corporation (NNPC) in the […]

Obaseki: We’ve Caged Godfathers, Lions, Tigers In Edo

Governor of Edo State, Mr. Godwin Obaseki, yesterday, hailed citizens and residents of the state for ensuring his victory at last Saturday’s governorship election, declaring that his re-election has put a final end to godfatherism in the state. Obaseki, who made the assertion while addressing party supporters at the Museum Ground, King’s Square, Benin City, […]

Fake Army Lieutenant In EFCC Net For Multiple Fraud

The Economic and Financial Crimes Commission, EFCC, Gombe Zonal Office is interrogating one Eze Mavus Ugochukwu, a student of Computer Science, Bauchi State Polytechnic, who defrauds unsuspecting members of the public by posing as a Lieutenant in the Nigerian Army. Ugochukwu, an indigene of Nsukka Local Government Area of Enugu State was arrested by the […]

NERC working to monitor quality of service – Official

The Nigerian Electricity Regulatory Commission (NERC) says it is working on ways to monitor the quality of service of power supplied to customers. Mr Nathan Shatti, the NERC’s Commissioner, Finance and Management Services disclosed this at the commission’s Virtual Town Hall Meeting on Monday night. The meeting was held with representatives of Electricity Distribution Companies […]

Ex-Defence Minister Appointed Mali’s Transition Leader

Mali’s military junta announced the leaders of a new transition government in the Sahel state on Monday, which will retain strong army links despite international pressure to appoint civilians. Junta leader Colonel Assimi Goita said in a televised statement that former defence minister Bah Ndaw would become transition president — while he himself would serve […]

Crashed chopper pilot had no valid licence, says AIB

Operator insists it got exemption from NCAA The Accident Investigation Bureau (AIB) Nigeria, yesterday, released the preliminary report on the recent helicopter crash in Opebi, Lagos, disclosing that the aircraft had no fuel at the time of the incident. It added that the late pilot had no valid licence. Besides, the investigators said there was […]

Why Nigeria’s tech stocks can’t hit $1tr mark in 30 yrs’

• Brokers blame uncertainty, harsh business climate • Experts decry poor infrastructure for tech hardware With global technology companies, including Apple, Amazon, Netflix, Zoom, apparently doing well, and to a large extent, influencing gradual recovery of the US stock market, some surpassing the $1 trillion valuation, the challenge is gradually shifting to players in Nigeria. […]