Electricity Crisis Deepens as DisCos Post N2.4 Trillion Loss, Worsening Power Supply Nationwide
Nigeria’s electricity crisis has taken a troubling turn as Electricity Distribution Companies (DisCos) recorded a staggering ₦2.4 trillion in financial losses over a two-year period, further weakening the already fragile power sector. The losses, driven largely by poor billing systems…
30 Banks Meet Capital Target as Few Lenders Face Uncertainty Ahead of March 31 Deadline
Nigeria’s banking sector is approaching a critical deadline as 30 financial institutions have successfully met the new minimum capital requirements set by the Central Bank of Nigeria (CBN), while a few others remain uncertain just days before the March 31,…
First Lady, Oluremi Tinubu Condemns Assault on Women During Ozoro Festival
Oluremi Tinubu, the First Lady of Nigeria, has strongly condemned the physical and sexual assault of women and girls during the Alue-Do Festival in Ozoro, describing the incident as “horrific” and “degrading.” In a statement released on Monday, Tinubu noted…
Nigerian govt begins review of mining laws, after 19 years
The Federal Government of Nigeria has begun the process of reviewing extant laws in the mining sector to regulate and tackle illegal mining in the country. President of the Nigerian Mining and Geosciences Society (NMGS), Ms. Rose Ndong, disclosed this…
DR Congo and Rwanda agree to ease tensions after talks in US
The Democratic Republic of Congo and Rwanda have agreed to take “concrete steps” to ease tensions amid a stalled peace process, after talks hosted by the US in Washington. Conflict in eastern DR Congo has continued despite the two countries…
Nigeria, UK seal £746m deal to redevelop Tin Can, Apapa ports
Nigeria and the United Kingdom have consolidated a series of landmark agreements and understandings covering migration, border security, trade, infrastructure, and business mobility in a renewed push to deepen bilateral relations and economic cooperation. Central to the engagements were three…
82-Year-Old Man Sentenced to 12 Years for Forgery in Delta State
An 82-year-old man, Clement Nnamdi Okonjo, has been sentenced to 12 years’ imprisonment following his conviction for f+rgery, ending a legal battle that lasted over three years. Justice F. A. Olubanjo of the Federal High Court in Asaba, Delta State,…
Obi admits uncertainty over clinching ADC presidential ticket
The Labour Party (LP) 2023 presidential candidate, Peter Obi, has admitted that he is unsure whether he will secure the presidential ticket of the African Democratic Congress (ADC) ahead of the 2027 general election. In a recent video message to…
Nigerian Woman And Her Two Children Killed In US Crash
A Nigerian woman, Nihinlolawa Agoro and two of her children, Temiloluwa and Isaac, were k!lled in a deadly crash in Texas, United States with multiple other people rushed to the hospital for injuries. According to the Fort Bend County Sheriff’s…
Lagos Community Faces Possible Four-Month Blackout Over 132kV Substation Upgrade
Residents and businesses in parts of Lagos, particularly the Amuwo-Odofin axis, may experience a prolonged power outage lasting up to four months due to scheduled maintenance on a major 132kV transmission substation. The planned outage is linked to rehabilitation works…