Court Jails Ex-Lagos Court Registrar over $330,000 Fraud

By Bliss Okperan The Minister of Foreign Affairs, Mr Maitama Tuggar, has said that there will be a significant improvement in electricity supply by the first half of 2024 after the completion of the Ajaokuta Abuja Kaduna Kano project (AKK). Mr Tuggar disclosed this on Tuesday during an interview with Channels Television’s prime-time programme, Politics Today. “In the coming year, by the first half of next year (2024), there will be a remarkable improvement in the electricity supply in Nigeria,” he said on the show. Recall that former President Muhammadu Buhari in 2018 promised to expand Nigeria’s electricity capacity, which

By Adedapo Adesanya Nigeria will develop a new integrated national electricity policy and strategic implementation plan, as mandated by the Electricity Act 2023, according to the Minister of Power, Mr Adebayo Adelabu. President Bola Tinubu had on June 9 assented to the Electricity Bill, now an Act empowering states, companies and individuals to generate, transmit and distribute electricity. This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply Industry (NESI). Mr Adelabu, while speaking on Monday at the Nigeria Electricity Management Services Agency

By Bliss Okperan The House of Representatives has asked that the Minister of Communication and Digital Economy, Mr Bosun Tijani, intervene in, halt and reverse the increase in the DSTV/GOTV tariffs by MultiChoice Nigeria. A member of the House, Mr Umar Ajilo, moved the motion on Tuesday on the floor, saying the prevailing economic hardship has made it difficult for subscribers to meet up with the increment. Recall that earlier this month, MultiChoice Nigeria introduced new rates for its DSTV and GOTV packages in the country, blaming rising costs of business operations for its action. “On Monday, November 6, 2023,

By Henry Ovie Notable leaders in the South-South geo-political zone have hit back at the Ovie of Idjerhe Kingdom, Obukowho Monday Whiskey, describing his comments on the Minister of Niger Delta Affairs, Mr Godswill Akpabio as “reckless.” “Ovie of Idjerhe Kingdom, Obukowho Monday Whiskey is wandering about alone,” the south-south leader said, further describing the Delta monarch as “a self-seeker, trouble maker and opportunist.” “The temptation to sell out Urhobo and look out for his own petty interests is great. Ovie of Idjerhe Kingdom, Obukowho Monday Whiskey is prepared to barter away the honour of Idjerhe kingdom and the interests

As businesses seek to overcome the post-COVID challenges affecting them, Quickteller Business, a leading payment platform focused on empowering businesses of all sizes to facilitate payments and manage transactions from anywhere in the world, has said it will continue to provide support for Small and Medium Enterprises (SMEs) through various value propositions that are designed to drive growth for the sector. The firm made this known during the SME event hosted by Nelly Agbogu popularly known as Naijabrandchick and Chioma Ifeanyi-Eze the promoter of the Accountinghub on Instagram. The event themed Let’s Talk: Your Business & Sales was held in

Report reaching Business Post indicates that Mrs Binta Adamu Bello has finally resumed as the new Permanent Secretary in the Ministry of Health. This follows the recent redeployment of Permanent Secretaries by the Head of the Civil Service of the Federation, which led to the deployment of the former Permanent Secretary, Health, Mrs Amina Shamaki, to the Federal Ministry of Women Affairs and Social Development, and Mrs Bello from Women Affairs and Social Development, to the Health Ministry. At the official handing over and taking over of mantles of leadership last Friday in Abuja, Mrs Bello appealed for cooperation from

By Kemi Adeosun Around the middle of 2014, when the price of crude oil fell dramatically, Nigeria’s finances became challenged. This is not hard to explain: We’ve historically depended on crude oil for as much as 70 per cent of government revenues and 90 per cent of foreign exchange earnings. The outcome—pressure on government finances—was by no means unusual. A similar fate befell most oil-rich countries around the world. Where Nigeria possibly stood out was in the fact that during the preceding three years—when oil prices were in excess of $100 per barrel—the previous administration did little in terms of

By Dipo Olowookere The member of Kaduna State House of Assembly that was abducted by some gunmen at his residence on Tuesday has been released. The lawmaker, Ibrahim Ismail, regained his freedom on Wednesday, the Kaduna State Police Command spokesman, ASP Aliyu Usman, confirmed. He said Mr Ismail was reunited with his family on Wednesday after he was rescued. However, the police mouthpiece in the state did not disclosed if any ransom was paid to secure the release of the legislator. He did not also state if any of the kidnappers was arrested or not. But Mr Usman assured residents

By Adedapo Adesanya A new report from Climate Policy Initiative (CPI) has said that Africa is getting just 12 per cent of the finance it needs to manage the impact of climate change. It, however, raised pressure on rich nations to do more in the run-up to global climate talks at COP27 in November. CPI said that around $250 billion is needed annually to help African countries move to greener technologies and adapt to the effects of climate change, yet funding in 2020 was just $29.5 billion. Wealthy countries have faced growing criticism for failing to meet a pledge made

By Dipo Olowookere The board of LASACO Assurance Plc is planning to raise fresh capital with the creation of additional 40 billion shares. This would increase the total number of shares of the company to 50 billion, LASACO said in a notice to the Nigerian Stock Exchange (NSE) on Monday. To make this effective, the company has called for an Extra-Ordinary General Meeting (EGM) slated for Wednesday, October 10, 2018, at the NECA House, Plot A2 Hakeem Balogun Street, Lagos by 11am. During the meeting, shareholders will, in accordance with Articles 43 of the Articles of Association of the company,

By Dipo Olowookere It was a sterling performance for the Naira against the United States Dollar at the foreign exchange (forex) market last week. This was despite huge pressure the local currency came under in the build up to the rescheduled presidential and parliamentary elections, which took place on Saturday, February 23, 2019. At the Investors & Exporters (I&E) forex window, the local currency appreciated by 0.04 percent to close at N361.49 to a Dollar. Also, the Naira Dollar exchange rate at improved by 0.04 percent to close at N356.97/$ amid weekly injections of $210 million by Central Bank of