Gas producers cut supply to Gencos over N2.7trn debt
Wholesale gas-producing companies have abruptly stopped the supply of natural gas to power generation companies for electricity production over the non-payment of debts accrued from previous supplies, The PUNCH…
Bank workers blame CBN as cash shortage worsens
The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central Bank of Nigeria’s inability to meet…
Adelabu: 150MW of electricity will be added to national grid before year end
Adebayo Adelabu, minister of power, says Nigeria is on track to add 150 megawatts (MW) of electricity to its national grid before the year ends. Adelabu spoke to journalists…
Tinubu: We’ll handle return of Mali, Niger to ECOWAS with diplomacy
President Bola Tinubu says he will deploy wisdom and diplomacy in reintegrating Mali, Niger Republic, and Burkina Faso into the Economic Community of West African Countries (ECOWAS). Tinubu, who…
‘She is not interested in doing Nigeria’s PR’ — Kemi Badenoch’s aide replies Shettima
Kemi Badenoch, the leader of the United Kingdom (UK) Conservative Party, says she is not interested in laundering the image of Nigeria after Vice-President Kashim Shettima criticised her for…
Court bans further publication, sale of Farotimi’s book
A high court in Oyo state has issued an interim order stopping further publication or sale of Dele Farotimi’s book, ‘Nigeria and its Criminal Justice System’. Adebayo Adenipekun, a…
Naira plummets to N1,745/$1, traders blame speculators
The exchange rate between the naira and dollar slid back to around N1,745/$1 on the parallel market a sharp reversal from the sub N1,600 levels recorded at the end…
Tinubu hosts German President Steinmeier at Aso Villa
President Bola Tinubu has received German President Frank-Walter Steinmeier, who is in Nigeria on a three-day state visit, at Aso Villa. Olusegun Dada, special assistant to the president on…
Akpabio declares Okpebholo’s senate seat vacant
Senate President Godswill Akpabio has declared the seat of Monday Okpebholo at the upper legislative chamber vacant. During a valedictory session in his honour on Wednesday, Akpabio declared Okpebholo’s…
Blackout as national grid collapses 12th time in 2024
The national grid has collapsed for the twelfth time in 2024, leading to a nationwide blackout. Data obtained from the Nigerian system operator’s portal showed that the grid recorded…
