Nigeria needs $100bn annually to address infrastructure deficit – Emefiele
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has stated that the Federal Government needed about $100 billion annually to address the nation’s infrastructure deficit. Emefiele made the disclosure at the 30th Anniversary Conference and Awards of the Finance Correspondents Association of Nigeria (FICAN) on Saturday in Lagos. The two-day conference has “Financing Infrastructure and SMEs for Inclusive...
Ikeja, Oregun, Magodo, Omole, Ogba to experience blackout for 8 weeks
Electricity consumers in Lagos areas of Oregun, Police Training College, Oba Akran, Oke Ira, Ogba, Magodo, Anifowoshe and Omole Phase One will experience outage for a period of eight weeks. Maximum Demand (MD) customers such as Ikeja City Mall, Police College, Lagos State University Teaching Hospital and the Ikeja High Court will be affected by the outage. Ikeja Electric Plc made...
Buhari gives five conditions to lift ban on Twitter
President Muhammadu Buhari has approved conditional lifting of ban on microblogging giant Twitter. Buhari gave five conditions that must be addressed before the return of Twitter. These are: National Security and Cohesion; Registration, Physical presence and Representation; Fair Taxation; Dispute Resolution; and Local Content. The president made this position known during a broadcast to mark Nigeria’s 61st Independence Anniversary on Friday in...
BBNaija: Whitemoney beats 23 housemates, carts home N90m prizes
Whitemoney, housemate of the just concluded television reality show, Big Brother Naija, Season 6, Shine Ya Eye edition, has emerged winner of the show. This was announced by Ebuka Obi-Uchendu, the moderator of the show, during the live grand finale show on Sunday. Whitemoney has won N90 million worth of prizes, no doubt the biggest purse for a reality television show...
Airtel Africa offers N61.24bn to buy out Nigeria minorities
Airtel Africa has announced that its subsidiary, Airtel Networks Ltd., (Airtel Nigeria) has initiated a process to buy back 8.27 per cent minority shareholdings at N55.81 per share. The total consideration was estimated to be N61.24 billion (using an exchange rate of N413.38) assuming all minority shareholders decide to tender their shares. The Group Company Secretary, Mr. Simon O’Hara, disclosed in...
FG begins work on 50mw Maiduguri power plant
The Federal Government on Thursday began the construction of a 50 megawatts gas power plant for supply of electricity to Maiduguri and environs. The power plant project was approved by President Muhammadu Buhari. This followed the continuous attack on power supply lines from the national grid to Maiduguri which has put the city and environs in total blackout for the past...
SEGUN DIPE: 25 good reasons Ekiti must rejoice at 25
“Our progress has shown that the vision which drove the movement for the creation of Ekiti State was not a misplaced one. An eloquent testimony to this is the fact that even though Ekiti is one of the smallest states in terms of size, income and population, it remains one of the frontline states in terms of human and...
Senators, Reps in supremacy battle over Bills concurrence
The House of Representative and the Senate have again engaged in a battle of supremacy over Bills sent for concurrence. The House on Tuesday received two bills from the Senate for concurrence but they were stepped down. One is a Bill for an Act to Establish Chartered Institute of Directors of Nigeria to Provide Professional Training to Directors and Promote Effective Governance,...
2023 Presidency: IBB, govs set criteria for APC, PDP candidates
All things being equal, Nigerians are expected to elect a new president on February 18, 2023. Unlike never before, the next President has his job description clearly spelt out – to fix the current mess in the country. As such, the country has to choose a kind of leader it has never elected before. He or she must clearly be above...
2023: I won’t capsize APC’s ship as national chair– Sheriff
Former governor of Borno State, Senator Ali Modu Sheriff, has said the governing party, the All Progressives Congress (APC), needs a “rugged” national chairman to manage its affairs ahead of the 2023 general election. Sheriff, a strong-willed individual, promised not to capsize the ship of the ruling party if elected as National Chairman. He urged party’s stakeholders to come together to...
