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148,389 Meters Installed in Q3, Says NERC The Nigerian Electricity Regulatory Commission (NERC) says a total of 148,389 meters were installed in the third quarter of 2023. According to NERC, this represents a decrease of 32,670 installations compared to the 181,059 meters installed in 2023/Q2. The commission said this in its Q3, 2023 report posted […]Read More

35 Cargoes of Nigerian Oil Unsold as Buyers Preference Shifts As rivalry heightens among oil sellers, large numbers of cargoes of oil belonging to Nigeria have remained unsold. Consumers showed a preference for its rival grade instead amidst uncertainties in the market. An overhang of Nigerian supplies persisted on Friday as trading was slow ahead […]

Inflation Tempers Christmas Spending in Nigeria Nigeria’s inflation rate tempered consumer holiday spending, analysts have gathered amidst expectation that high prices of goods and services will persist in the first quarter of 2024. In 2023, the headline inflation rate has maintained an uptrend throughout the year, closing at 28.2% in November as the apex bank […]

No Compromise on $800m Conditional Cash Transfer –NSIPA Boss Hajiya Halima Shehu, the National Coordinator of the National Social Investment Programme Agency (NSIPA), has reaffirmed its resolve to ensure accountability and transparency in implementing the $800 million World Bank Conditional Cash Transfer (CCT) programme. Shehu gave the assurance at a news conference in Abuja on […]

Nigeria Repays $1.8bn in Foreign Loans The Nigerian government redeemed a total sum of $1.8 billion in foreign loans obtained over the past years, analysts said in a commentary note amidst a rising public debt profile. The sum paid includes part of covid-19 advance obtained to cushion the effect of the pandemic in 2020. Nigeria’s […]

The Police Service Commission (PSC) has issued a public warning, urging Nigerians to disregard a social media message claiming that candidates for the ongoing police constable recruitment must pay N2000 for screening. This message is fake and misleading, the PSC stressed. The fraudulent message, circulating on social media, uses the Commission’s name and states: “Congratulations…come […]

The Catholic Archbishop of Abuja, Ignatius Kaigama, has said media reports claiming that the Catholic Pontiff, Pope Francis, had approved blessings for same-sex couples, was untrue. Kaigama made the clarification in his homily during the Christmas Mass he conducted at Our Lady Queen of Nigeria Catholic Pro-Cathedral in Abuja. According to him, the viral report […]

The Special Investigator appointed to probe the Central Bank of Nigeria, Jim Obazee, has summoned the Chairman of Titan Trust Bank (TTB), Tunde Lemo, and two other shareholders of the bank to a “follow-up meeting” in Abuja on Thursday over the 2022 acquisition of Union Bank of Nigeria. Obazee issued the summons hours after Mr […]

*Threatens Legal Action Over ‘Spurious’ Fraud Allegations A former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar-Farouq, has denied knowing a contractor, James Okwete, who was arrested by the Economic and Financial Crimes Commission for allegedly laundering N37bn. She also said she served as a minister with every sense of responsibility and […]

Gunmen attacked 15 communities in Bokkos and Barkin-Ladi Local Government Areas of Plateau on Christmas Eve; killed 96 persons and destroyed 221 houses. The assailants also destroyed eight vehicles and 27 motorcycles, a police spokesman in the state, DSP Alfred Alabo, stated on Tuesday in Jos. “On December 24, at 10 pm, gunmen attacked 15 […]

The Peoples Democratic Party has released the timetable and schedule of activities for the February 3, 2024 bye-elections. The PUNCH reports that the Independent National Electoral Commission approved a timetable for conducting bye-elections resulting from the resignation or demise of members of the National and State Houses of Assembly. The PDP timetable signed by the […]

The Leader of the Senate, Senator Opeyemi Bamidele has revealed that the Federal Government will, from next year, go after economic saboteurs who made lives difficult and unbearable for Nigerians. Bamidele, also Chairman of the Southern Senators Forum in the ninth National Assembly, insisted that the National Assembly would pass the 2024 appropriations bill on […]