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Akpabio: DisCos Have Failed to Meet Expectations
The Senate on Thursday expressed dissatisfaction with the performance of Nigeria’s electricity Distribution Companies (Discos) and the Transmission Company of Nigeria (TCN), since the privatization of the power sector.
The upper…
Varsities at Risk if TETFund is Replaced by NELFUND – ASUU
The Academic Staff Union of Universities (ASUU) has appealed to the Federal Government not to systemically phase out the Tertiary Education Trust Fund (TETFund) which has “transformed” tertiary educational institutions in Nigeria in the…
Basketmouth Exposes Nollywood Producers Who Embezzle Streaming Platform Investment Funds (VIDEO)
Renowned Nigerian comedian and filmmaker, Basketmouth, has made a shocking revelation about the mismanagement of funds by Nollywood producers. In an interview on AriseTV, Basketmouth alleged that producers use only 10 percent of the…
Zenith Bank Named ‘Bank of the Year, Nigeria’ at 2024 Banker Awards
Zenith Bank Plc has emerged as ‘Bank of the Year, Nigeria’ in The Banker’s Bank of the Year Awards 2024. The award, which was announced by The Banker Magazine, Financial Times Group, United Kingdom, during the awards ceremony held in…
NITDA Reveals Google, X, TikTok Paid N2.5trn in Taxes in H1 2024
The National Information Technology Development Agency (NITDA) says X, Google, Microsoft, and TikTok paid N2.55 trillion in taxes to Nigeria in the first half (H1) of 2024.
NITDA, in a statement signed by Hadiza Umar, its director of…
Blending Isn’t Illegal – Mele Kyari Defends PH Refinery Operations
Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says it is not a crime to blend petroleum products at the old Port Harcourt refinery.
Kyari, who spoke at the commissioning…
CBN Dismisses Allegations of Forced Retirements, Says Exits Were Voluntary
The Central Bank of Nigeria (CBN) says its early exit package (EEP) is entirely voluntary and without any negative repercussions for eligible staff.
The apex bank made the clarification in a statement on Wednesday.
Reports had…
Dele Farotimi Remanded Till December 10 Over Alleged Defamation of Afe Babalola
The Ekiti state magistrate court in Ado-Ekiti has remanded Dele Farotimi, a human rights advocate, over alleged defamation.
Farotimi was arraigned on a 16-count charge by the police on Wednesday. The activist pleaded not guilty to…
UK Moves to Deport Nigerian Pastor Tobi Adegboyega Over £1.87m Fraud Allegations
A Nigerian pastor whose church was shut down over an alleged £1.87 million fraud has lost his fight against deportation, despite claiming it would breach his human rights.
An immigration tribunal has ruled that Tobi Adegboyega, 44,…
Bolaji Idowu, Harvesters Pastor, Refutes Real Estate Fraud Claims
The Senior Pastor of Harvesters International Christian Centre, Bolaji Idowu, has debunked allegations linking him to fraudulent real estate activities and money laundering, describing the claims as unfounded and misleading.
Reports…
Historic Win: Namibia Elects Its First Woman President
Namibia’s ruling SWAPO party was declared winner Tuesday of last week’s disputed elections, ushering in the southern African country’s first woman president after a disputed vote that the main opposition has already said it does not…
New Lagos Electricity Bill Signed by Sanwo-Olu to Address Power Outages
Babajide Sanwo-olu, governor of Lagos state, has signed the Lagos Electricity Bill 2024 into law.
The ceremony was held at the Lagos House in Alausa, Ikeja, in the presence of Obafemi Hamzat, the deputy governor, and Mudashiru Obasa,…
No Passport Submission Required for Nigerians Seeking South African Tourist Visa – Presidency
South African President Cyril Ramaphosa has cancelled passport submissions during tourist visa applications for Nigerians.
Bayo Onanuga, the special adviser to President Bola Tinubu on information and strategy, announced Ramaphosa’s…
Lawmakers Push CBN to Shelve Plans to Retire 1,000 Workers
The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the “planned” retirement of 1,000 staff.
The apex bank is said to be preparing to retire 1,000 officials and provide them with a severance package…
Aero Slashes Airfares to N80,000 Across All Routes
Aero Contractors, Nigeria’s oldest aviation company, says travellers will pay a minimum of N80,000 for local flights this festive season.
Speaking to journalists on Tuesday, Ado Sanusi, the airline’s managing director, said the…