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The national grid crashed to zero megawatts (MW) at 10:51am on Monday, causing a nationwide outage,according to Daily Trust . The development occurred days after electricity consumers said they had enjoyed improved supply. The national electricity grid as of 10am on Monday had 3,712MW generated from 21 Generation Companies (GenCos) before it dropped to 0MW […]

The Nigerian National Petroleum Company (NNPC) Limited has denied allegations that it is operating secret accounts. The state-owned oil giant said that it does not directly or through its upstream arm, the National Petroleum Investment Management Services (NAPIMS) operate secret accounts. The reaction followed reports that the House of Representatives committee probing all joint venture […]

The Nigerian Government has stated once again that the Transmission Company of Nigeria (TCN) is not for sale. This was disclosed by the Bureau of Public Enterprises (BPE) in a statement on Sunday evening, Reacting to news the FG was putting TCN up for sale, they stated that it is completely false in all its […]

In a move to reduce the nationโ€™s capital housing deficit and boost revenue for the FCTA, the Federal Government should introduce property taxes for unoccupied buildings in the Federal Capital Territory (FCT). This was disclosed by Senator Smart Adeyemi (APC-Kogi), on Thursday at the opening of the Senateโ€™s Committee on FCTโ€™s meeting in Abuja, according […]

Speaker of the House of Representatives, Femi Gbajabiamila; and Deputy Speaker, Ahmed Wase, on Thursday, led chairmen of relevant committees to a meeting over the lingering crisis between the Federal Government and the Academic Staff Union of Universities. Government representatives at the meeting were the Head of Civil Service of the Federation, Dr Folashade Yemi-Esan; […]

Chief Timipre Sylva, Minister of State for Petroleum Resources, says there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft. The News Agency of Nigeria (NAN) reports that Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section (OPTS) of […]

The Nigerian Communications Commissionโ€™s Computer Security Incident Response Team (NCC-CSIRT) has advised the users of videotelephony platform, Zoom, to install the latest update of the software from its publisherโ€™s official website following the discovery of vulnerabilities that allows a remote attacker to exploit the app. In an advisory issued on Wednesday by the NCC Director, Public Affairs, Reuben […]

The Nigerian equities market closed negative amidst buy-interests and sell-offs as activities of the bulls and bears drive down the broad market by 47 basis point. The All-share Index (ASI) depreciated by 0.47% to close at 49,190.34 points.   Likewise, market capitalization dropped by N125 billion to close at N26.53 trillion while the year-to-date (YtD) returns […]

Traders are hard hit by the ban of motorcycles in several states and the threat by the Federal Government to outlaw commercial motorcycles, popularly called โ€œOkada.โ€ Motorcycle imports into Nigeria declined by 35.92 per cent in the second quarter of 2022, according to the foreign trade report of the National Bureau of Statistics for the […]

The Managing Director of the Lagos State Waste Management Authority (LAWMA), Mr Ibrahim Odumboni, says the Nigerian recycling industry is worth N18 billion with inherent job creation potential. He made this known at the inauguration of the Lagos Recyclers Association (LAGRA) at the Muson Centre on Wednesday, September 21, 2022, in Lagos. Commending the efforts […]


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