The Nigerian Electricity Regulatory Commission (NERC) has given the green light for an increase in electricity tariffs, impacting Band A customers who currently receive 20 hours of power supply daily. Mr. Musliu Oseni, Vice Chairman of NERC, announced this decision during a press conference held in Abuja on Wednesday. Oseni highlighted that Band A customers Read More…
The Lagos State Environmental Sanitation Corps (LAGESC), commonly known as KAI, has confirmed the apprehension of a woman accused of assaulting one of its officials for enforcing regulations regarding expressway crossings. According to the Agency’s spokesperson, Mr. Lukman Ajayi, the arrest occurred on Tuesday around 12:45 p.m. at Ile-Epo along the Ikeja/Iyana-Ipaja expressway, where the Read More…
The police in Lagos have apprehended three suspected kidnappers in a daring raid on their hideout in the Ijanikin area, confirming the swift operation that led to their arrest. According to the Zonal Public Relations Officer (ZPRO), SP. Umma Ayuba, the suspects identified as Samuel Kwasi, 64, Monday Unachukwu, 24, and Freeman Ekpebo, 23, were Read More…
In a heartbreaking turn of events, Deputy Commissioner of Police (DCP) Gbolahan Oyedemi, a dedicated officer serving with the Force Criminal and Investigation Department (FCID) in Alagbon, Lagos State, has allegedly taken his own life. The incident occurred in his private house in his hometown of Ogbomoso, Oyo State, during the Easter break. DCP Oyedemi, Read More…
Three major Nigerian companies, Transcorp Power Plc, Cadbury Nigeria Plc, and Geregu Power Plc, have released their end-of-year reports, revealing a mix of financial outcomes for the year ended Dec. 31, 2023. Transcorp Power Plc reported a significant surge in profit before tax (PBT), with Mr Stanley Chikwendu, Group Company Secretary, confirming a profit of Read More…
The Nigerian Exchange Ltd. (NGX) witnessed a decline in the value of transactions on Tuesday, following the Easter break, with market activities showing a decrease in trade turnover compared to the previous session. According to analysis, a total of 545.49 million shares valued at N14.61 billion were exchanged in 12,747 deals, marking a 13.81% decrease Read More…
Nigeria plans to axe electricity subsidies for a select group of consumers in a bid to rein in ballooning public finances, the presidency announced on Tuesday. This move follows a series of reforms undertaken by President Bola Tinubu aimed at stimulating economic growth. “With the huge subsidy burden and high cost of gas … the Read More…
Tragedy struck in Lagos on Tuesday when a collision involving three commercial vehicles resulted in the death of a male pedestrian. The accident, which occurred at Ketu by Demurin Junction inward Kosofe, Lagos, at approximately 6:45 a.m., involved a Toyota Hiace Bus and two Volkswagen commercial buses. Confirming the incident, Mr. Adebayo Taofiq, Director of Read More…
In a heart-wrenching incident, an Israeli airstrike claimed the lives of seven aid workers associated with the World Central Kitchen (WCK) in Gaza. The tragedy unfolded during a humanitarian mission, leaving the international community in shock and prompting urgent calls for answers and justice. The airstrike, which occurred on a WCK convoy, resulted in the Read More…
In a historic moment for Senegal, opposition candidate Bassirou Diomaye Faye, once imprisoned for his political beliefs, was inaugurated as the nation’s youngest president at the age of 44. Faye’s ascension to power symbolises a new chapter for the West African nation, marked by promises of stability and economic advancement. Following a landslide victory in Read More…
