FG targets 1,268MW from new hydropower plants
Melvin Onwubuke The Federal Government from concessions and development of eight brown and green field projects, is expecting 1,268 megawatts of power, constructed through public-private partnership. The power projects have…
Climate Foundation, NESG partner to pilot energy transition plan
By Melvin Onwubuke The African Climate Foundation and National Economic Summit Group are partnering to provide, private sector support for Nigeria's energy transition plan. This was disclosed on Saturday at…
SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
The Federal Capital Territory Minister, Nyesom Wike, as well as the 36 state governors of Nigeria, are the targets of a lawsuit brought by the Socio-Economic Rights and Accountability Project…
Afreximbank, denies payment of $3bn loan from NNPCL with $12bn
The President and Chairman of the Board of Directors of the African Export-Import Bank has denied that the Nigerian National Petroleum Corporation Limited's $3.3 billion loan from the bank will be repaid…
2023 budget: ASUU threatens strike over unreleased N170bn
The Academic Staff Union of Universities has cautioned that it might consider another industrial action if the federal government fails to release the N170 billion earmarked in the 2023 budget…
Complete NIN-SIM linkage to avoid disconnection, 9Mobile warns customers
Mobile network operator, 9mobile, once again urges its customers to link their SIMs with their National Identification Number, emphasizing that all unlinked lines will be completely disconnected starting February 29,…
‘A Tribe Called Judah’ grosses N1.5bn in Nigeria, UK
Funke Akindele's film, "A Tribe Called Judah," has left an indelible mark at the box office, raking in an impressive total of N1.5 billion across cinemas in Nigeria, the United…
Jeff Bezos, others invest $675m in humanoid robot development
Tech billionaires such as Jeff Bezos are exploring the realm of humanoid robots in an effort to find new uses for artificial intelligence. According to The Times, a firm in this…
FG to provide free ICT training for youths – Youth minister
By Bisola David The Minister of Youth Development, Dr. Jamila Bio-Ibrahim, said that the government will work with American Tower Corporation Nigeria to provide free information and communications technology training to…
Helicopter carrying Herbert Wigwe on fire before crash – NSIB
The Nigerian Safety Investigation Bureau confirmed on Saturday that it has received the preliminary report from the U.S. National Transportation Safety Board concerning the helicopter crash that resulted in the…
Only 5% have over N500,000 in their bank accounts — Wale Edun
The Finance Minister and Coordinating Minister of the Economy, Wale Edun, highlighted that only around 5% of individuals in Nigeria have bank accounts with balances exceeding N500,000. Edun made this…
CBN to stop BDC’s street trading, limit FX purchase to $500
The Central Bank of Nigeria is contemplating significant regulatory changes for Bureau De Change operators, as outlined in its revised guidelines. The proposed measures include prohibiting BDCs from engaging in…
