Supreme Court Blames Electrical Fault for Monday Morning Inferno

By Adedapo Adesanya  Nigeria’s anti-crude theft troop, Operation Delta Safe, has destroyed 50 illegal oil refining sites in the Niger Delta region and arrested 51 suspects in the last week. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, who made this known on Thursday in Abuja while briefing newsmen on the operations of the military, said the troops also eliminated four criminals and recovered arms and ammunition. He added that a total of 578,900 litres of stolen crude oil, 454,330 litres of illegally refined Automotive Gas Oil and 10,000 litres of dual-purpose kerosene (DPK) were recovered during the operations.

By Adedapo Adesanya The management of Ikeja Electric Distribution Company (IKEDC) has cautioned customers not to load the energy tokens purchased during a recent upgrade glitch which left customers unable to buy and load much-needed electricity tokens on their prepaid meters. In a statement on Friday, the distribution company said, “We apologise for the inconvenience experienced when loading your energy token during the TID rollover upgrade. The issue has been resolved and we thank you for your patience and understanding.” The issue commenced when the company instructed customers to link their respective prepaid meters to the National Identification Number (NIN)

By Modupe Gbadeyanka A strategic partnership aimed to redefine the future of sustainable energy installations in Nigeria and the African continent as a whole has been sealed between WATT Renewable Corporation (WATT) and Clear Blue Technologies (CBT). A statement from the independently-owned provider of hybrid solar solutions disclosed that its collaboration with CBT, a global leader in smart off-grid technology solutions, would make it easy for Africans to access green energy. According to the disclosure, the partnership has been catalysed by a recent $13 million investment from Empower New Energy, a key player in the renewable energy investment space. This

By Bliss Okperan The Governor of Ogun State, Mr Dapo Abiodun, has asked Nigerians to give President Bola Tinubu more time, saying he has performed well in office since taking over on May 29, 2023, noting that he inherited an almost comatose economy from former President Muhammadu Buhari. “The President Tinubu-led administration has been very bold and audacious. They’ve taken the bull by the horns. They’ve done what no government has done in the history of Nigeria,” Mr Abiodun said during an interview on Channels Television’s Sunday Politics show. Recall that a few days ago on Channels TV, the Governor

By Modupe Gbadeyanka The Senate has denied reports making the rounds on the internet that its President, Mr Bukola Saraki, threatened to shutdown the government of President Muhammadu Buhari in 72 hours due to failure of some of his officials to appear before the upper legislative chamber of the National Assembly for questioning. On Wednesday, the Comptroller-General of the Nigeria Customs Service (NCS), Mr Hameed Ali, failed to appear before the Senate to explain the duty his agency asked old car owners to pay or get their vehicles seized. On Thursday, the Secretary to the Government of the Federation (SGF),

By Modupe Gbadeyanka The Nigeria National Petroleum Corporation (NNPC) has been urged to relocate the tank farms in Apapa so as to decongest traffic in the area. A member of the Assembly representing Apapa Constituency 1, Mrs Mojisola Miranda, lamented that the traffic congestion in the area has made live unbearable for residents, business owners as well as school children. She noted that urgent steps must be made to restore sanity to Apapa. Speaking on Thursday during plenary, the lawmaker said the activities of the trailer drivers in Apapa are not only affecting traffic in the area, but that it

By Modupe Gbadeyanka The export of crude oil from the Forcados terminal in the restive Niger Delta by the Royal Dutch Shell has commenced. The terminal was attacked by militants in the region, which forced it to be shut down for repairs. “The Shell Director, Mr Andrew Brown, informed the President of the resumption of oil exportation through the Forcados terminal following its restoration,” the presidency said after a meeting between Brown and President Muhammadu Buhari. However, Shell spokesman has refused to confirm or deny this. “Brown commended the anti-corruption posture of the Buhari administration as well as the efforts

By Dipo Olowookere As part of its efforts to support the diversification plans of the federal government, Ecobank Nigeria Limited has explored partnership across the globe for the provision of cheaper lines of credit to players in the country’s agricultural industry. Already, the lender has joined forces with the Nigeria Incentive-based Risk-Sharing System for Agricultural Lending (NIRSAL), United States Agency for International Development (USAID), Development Bank of Nigeria (DBN) and other developmental partners to double the amount of credit it provides to farmers over the next two/three years. A statement issued by the financial institution said some of the partners

By Adedapo Adesanya Nigerian unicorn, Interswitch, has revealed that it is not cutting jobs amid global shocks that are causing tech companies to resize their workforce. The business environment is globally facing economic turbulence that is seeing companies like Twitter, Netflix, Walmart, and other startups downsize. The African continent has not been exempted with tech startups with footprints in Nigeria like Getequity, Alerzo and 54gene, among others, also reportedly downsizing. Unicorns are not exempted with Francophone Africa-centred company, Wave cutting about 15 per cent of its workforce in June. However, the CEO of Interswitch, Mr Mitchell Elegbe, while responding to

By Sodeinde Temidayo David About N84.6 billion has been approved by the Federal Executive Council (FEC) for the completion of road and airport projects across the country. The Special Adviser to President Muhammadu Buhari on Media and Publicity, Mr Femi Adesina, confirmed this when he addressed newsmen at the end of the FEC meeting in Abuja on Wednesday. He said at the meeting presided over by his boss, over N5 billion was authorised by the council for various contracts in Lagos, Abuja, Kano and Katsina airports. According to Mr Adesina, the Minister of Aviation, Mr Sirika Hadi, presented a memo

By Dipo Olowookere The management of Nigerian Stock Exchange (NSE) has put out programmes to encourage youth in the country become financially savvy. Head of Shared Services Division at the NSE, Mr Bola Adeeko, while speaking last Friday at the 2018 Global Money Week themed ‘Money Matters Matter,’ noted that the exchange was committed to deepen financial knowledge among the young ones. To mark the week, the NSE came up with a series of educational programs aimed at teaching children and youths about the importance of financial literacy. The week-long event, organized in collaboration with Access Bank Plc and AIESEC

By Modupe Gbadeyanka Friday, October 22, 2021, will remain fresh for a long time for Mr Abiodun Coker, a journalist, public relations expert and core member of the media relations department of United Bank for Africa (UBA). It was a day for the burial of the grandmother of the former reporter with a foremost business newspaper in Nigeria, Business Day, in Lagos, Mrs Joanna Tokunbo, who was born on August 31, 1934, died on September 23, 2021, at the age of 87. The three days event kicked off with a Christian wake on Tuesday, October 19, service of songs on