archive2023

The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and the 11 Electricity Distribution Companies (DisCos) over $321 million and N18.2 billion loans for the accelerated transmission distribution interface, lines and substation projects. They are to appear before the Committee the Committee on November...

  Justice Olukayode Adeniyi of a High Court of the Federal Capital Territory (FCT), Abuja, on Thursday, ordered the Economic and Financial Crimes Commission (EFCC) to release with immediate effect the former Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele. Justice Adeniyi, who issued the order while...

The city of Lagos is agog with enthusiasm as tech entrepreneurs and creative enthusiasts ignite their anticipation and excitement for the biggest tech ecosystem event in Africa - Art of Technology - scheduled to be held in December at the Landmark Event Center, Victoria Island, Lagos. Art of Technology Lagos...

  The Central bank of Nigeria (CBN) says it has sufficient stock of Naira notes allaying fears of some Nigerians on scarcity of Naira notes in circulation. The CBN in a statement signed by Dr. Isa AbdulMumin, Director, Corporate communication CBN, said “The attention of the Central Bank of Nigeria...

    agency to commercialise products via technology transfers secures $200m deal with REA on renewable energy attracts lots of private sector requests   The Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu has said his vision or direction for the...

Imo State Governor Hope Uzodimma has broken silence on the brutal attack on Joe Ajaero, the Nigerian Labour Congress (NLC) president, during a union protest in the state. Ajaero was arrested by the Imo State Police Command on Wednesday while leading a protest in the state capital, Owerri. However, the...

  Pay-Tv operator, Multichoice Nigeria has announced another price increment across its DStv and GOtv packages by at least 19 per cent. Coming as the second increment this year after the first one was implemented on May 1, 2023, Multichoice said the latest increment takes effect from Monday, November 6....

Following the outrage over the provision for a presidential yacht and other line items in the 2023 Supplementary Appropriation presented to the National Assembly, the presidency has provided some clarifications. Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement, said the public anger over the...

  The presidential candidate of the Labour Party (LP) in the 2023 elections, Peter Obi, has reacted to stories of decomposing and headless bodies allegedly discovered in Abia State, saying they are a reflection of the scale of insecurity in Nigeria. The state governor, Alex Otti had, while speaking at...

  The World Health Organisation (WHO) said Nigeria has the highest out-of-pocket expenditure on health in West Africa. In 2020, Nigeria’s out of pocket expenditure as a share of health expenditure was at the level 74.7 per cent. The WHO representative in Nigeria, Dr. Walter Kazadi Mulombo, at a retreat...